Corporate Governance: The Power of 10
We have so far, in the Corporate Governance series, delved into the governance protections for shareholders and fiduciary duties of directors. In this article, we specifically focus on the protection available to minority shareholders in companies, including a highlight on the number ‘10’ as far as corporate governance is concerned.
REINVESTMENTS BY AIFs
Executive Summary Reinvestment is a tool used by AIFs to reuse the same capital more than once for investment without requiring investors/LPs to actually infuse any capital beyond their commitment amount into the AIF.
Scheme Models and use of LLP for AIFs in India
Introduction Alternative Investment Funds (“AIFs”) in India are granted a perpetual registration to operate in that capacity by the Securities and Exchange Board of India (“SEBI”).[1] While the term ‘AIF’ is defined to mean the pooling vehicle or the fund itself under the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”)[2], there is a separate …
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India-Japan Economic Partnership: Strategic Convergence, Sectoral Opportunities
Historical Relationship and Economic Collaboration India and Japan share one of Asia’s most enduring and philosophically grounded bilateral partnerships.
PART III: LANDMARK SHIFT IN MATERNITY BENEFITS FOR ADOPTIVE MOTHERS
Since the notification of commencement of the new labour codes in November 2025, the provisions relating to the maternity benefit under the Code on Social Security, 2020 (“SS Code”) were challenged on the basis of a pending writ under the erstwhile Maternity Benefit Act, 1961 (“MB Act”). In this Part III of the labour law …
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Contracting through Conflicts: Allocating Risks in a Geopolitically Unstable World
On March 11, 1930, Mahatma Gandhi, in his speech at the Sabarmati Ashram, Ahmedabad, India, said “Let no one commit a wrong in anger. This is my hope and prayer”.
IBC cannot be the guiding principle for restructuring the ownership and control of spectrum
WHAT HAS HAPPENED? In a significant decision on the interplay between insolvency and telecom laws, the Supreme Court in State Bank of India v Union of India[1] (“Aircel judgment”), has held that the spectrum allocated to Telecom Service Providers (“TSPs”) and shown in their books of account as an ‘asset’ cannot be subjected to proceedings …
Renewable Energy and Competition Law: Market Power, DISCOM Behaviour, and Auctions Design
India’s renewable energy sector operates at the intersection of two competing policy objectives: accelerating capacity deployment through competitive markets and protecting investor returns through regulatory mechanisms. The interplay between reverse auctions, preferential tariffs, DISCOM procurement authority, and competition law principles reveals fundamental tensions in market design that have forced regulatory recalibration. This article examines how …
No-Tax-Risk Data Centres: How India’s 20-year cloud tax holiday works
Introduction India’s Union Budget for the financial year 2026-27, presented on February 1st, 2026 (“Budget”) marked a significant policy milestone for development of data centres in India, implemented to strengthen digital infrastructure and attract foreign investment in cloud and Artificial Intelligence (“AI”) competencies. The headline announcement was that a long-term tax regime shall be introduced …
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Will you still guarantee?
Cross‑border guarantees have long functioned as the quiet scaffolding behind global financing, trade flows, and group‑wide treasury structures. Yet, for years, India’s regulatory approach to guarantees has remained largely unchanged and occasionally ambiguous. That has now changed. With the Foreign Exchange Management (Guarantees) Regulations, 2026 (“Guarantee Regulations 2026”), the RBI has effectively re‑engineered …