Key Issues For Private Equity In India M&A (Video)

The Ministry of Corporate Affairs ("MCA") has introduced various changes in the MCA21 portal over the years since 2006, in order to improve the compliance by companies and Limited Liability Partnerships...

Compulsorily Convertible Preference Shares (CCPS) remain one of the most widely used instruments for venture capital and private equity investments in Indian companies. Their appeal lies in the ability to combine equity classification with negotiated economic and governance protections. But CCPS are not governed by a single, standalone statutory framework. Their legal treatment is instead shaped by the Companies Act, FEMA and foreign investment rules, tax law, and, where applicable, SEBI regulations.

For many companies, particularly closely held and unlisted companies, private placement is a practical way of raising funds without going through the extensive process involved in a public issue. It allows a company to approach a limited set of identified investors and raise capital on mutually agreed terms.

A whistle-blower, whether an individual or a collective entity, is generally an insider who possesses first-hand knowledge of fraud, corruption, misconduct, malpractice, or other unlawful or unethical practices occurring within an organization.

Learn the legal framework, procedure, compliance requirements and practical steps for issuing debentures under the Companies Act, 2013 in India.

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The Supreme Court while confirming the findings of the SAT has further asked SEBI to probe into the matter and find out the actual investor base who have subscribed to the Optionally Fully Convertible Debentures (OFCDs) issued by the two group companies SIRECL and SHICL.

The Ministry of Micro, Small, and Medium Enterprises (MSME) issued Notification S.O. 1364(E) on March 21, 2025...

The Securities and Exchange Board of India has introduced significant changes to the regulatory framework governing buy-backs of securities. Through the SEBI (Buy-Back of Securities) (Amendment) Regulations, 2026, notified on 6 July 2026, SEBI has revised the framework for buy-backs, including the re-introduction of the open-market buy-back route through stock exchanges.

On 25 August 2026, the Ministry of Labour and Employment issued two notifications (Notifications) under the Code on Wages, 2019 (Wage Code), thereby operationalising specified provisions relating to payment of statutory bonus for establishments for which the appropriate government is the Central Government. The Wage Code consolidates the legislative framework governing wages and related employee entitlements, including the regime previously governed by the Payment of Bonus Act, 1965.

The Supreme Court in Vanashakti v Union of India, 2025 SCC OnLine SC 1703 held that Environmental Clearance (EC) is necessary for all large scale building and construction projects including educational institutions under the Environmental Impact Assessment (EIA) Notification, 2006 (EIA Notification).

The Securities and Exchange Board of India (SEBI) issued a consultation paper on 23 July 2026 (Consultation Paper). The Consultation Paper proposes a comprehensive review of the SEBI (Portfolio Managers) Regulations, 2020 (PMS Regulations).

In Kotak Mahindra Bank Limited v Trupti Sanjay Mehta and Others, 2026 INSC 943 (Kotak Mahindra), the Hon’ble Supreme Court of India considered whether a bank as defined under Section 2(1)(c) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) could invoke the provisions of the SARFAESI Act to recover a secured debt acquired from an entity which was not covered under the ambit of the SARFAESI Act at the time of disbursement of the loan.

The Hon’ble Punjab and Haryana High Court (HC) in Jyoti Sareen vs. UOI & Others (CWP No. 15791-2024 (O&M)) (Order) held the retrospective amendments carried out vide the Finance Act, 2026, with respect to the powers of the Jurisdictional Assessing Officer (JAO) to issue a reopening notice under section 148 (Reopening Notice) of the Income-tax Act, 1961 (IT Act), as unconstitutional, being violative of the ‘doctrine of separation of powers’ and thus violative of Article 14 of the Constitution of India.

On 20 July 2026, the Department of Telecommunications (DoT) notified the Telecommunications (Authorisation for Telecommunication Network) Rules, 2026 (Rules). The Rules operationalise Section 3(1)(b) of the Telecommunications Act, 2023 and establish a framework for six categories of telecommunication network authorisations: infrastructure provider (IP) (formerly, IP-I), digital connectivity infrastructure provider (DCIP), internet exchange point (IXP) provider, satellite earth station gateway (SESG) provider, cloud-hosted telecommunication network (CTN) provider and mobile number portability (MNP) provider.

The Maharashtra Stamp (Fourth Amendment) Bill, 2026 (Bill) introduced in the Maharashtra Legislative Assembly on 7 July 2026 proposes a significant reform to the stamp duty treatment of guarantees under the Maharashtra Stamp Act, 1958 (Maharashtra Stamp Act).

The Circular is a much awaited and welcome move by the regulator to ease the difficulties faced by the listed companies in meeting the MPS Requirement.

Between May and August 2026, AI regulation has continued to develop rapidly, with a focus on accountability, transparency, human oversight and protection against AI-related harms.

On 9 September 2026, the Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution, notified the Consumer Protection (E-Commerce) (Amendment) Rules, 2026 (2026 Amendment), amending the Consumer Protection (E-Commerce) Rules 2020 (E-Commerce Rules).