Regulatory

In the intricate tapestry of Indian financial regulations, the Reserve Bank of India’s (“RBI”) compounding mechanism stands as a testament to regulatory evolution. This process, designed under the Foreign Exchange Management Act, 1999 (“FEMA”), represents a sophisticated approach to addressing regulatory contraventions while maintaining the delicate balance between enforcement and facilitation. A Symphony of Compliance:

In today’s dynamic business environment, regulatory compliance and due diligence have become non-negotiable aspects of corporate governance.  The Securities Exchange Board of India (“SEBI”), as the primary regulator for listed entities, plays a critical role in ensuring transparency, accountability, and market integrity.  The stringent enforcement of its regulations, such as the Listing Obligations and Disclosure

The Division Bench of the High Court of Delhi in its recent judgement has held that an arbitral tribunal cannot grant damages under a contract if such damages are specifically barred from being claimed under the contract. The facts in brief are that Plus91 Security Solutions (‘Plus91’) and NEC Corporation India Private Limited (‘NEC’) entered

Background With the aim of laying down a set procedure towards investigating complaints and taking suo-moto actions into non-compliance with the terms of the Telecommunication Act, 2023 (“Act”), the Ministry of Communication, through the Department of Telecommunication has issued the Draft Telecommunications (Adjudication and Appeal) Rules, 2024 dated: July 18, 2024 (“Draft Rules”). The Draft

Background The Securities and Exchange and Board of India (“SEBI”) observed in 2023 that certain foreign portfolio investors (“FPIs”) held a concentrated portion of their equity portfolio in a single investee company or corporate group. Such concentrated investments raised concerns that promoters of such investee companies or corporate groups, or other investors acting in concert,