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Recently, the Chandigarh Bench of the Income Tax Appellate Tribunal ("Tribunal") upheld1 the denial of registration under section 12AA2 of the Income Tax Act, 1961 ("ITA") ...

India's Ministry of Home Affairs has introduced sweeping amendments to the Foreign Contribution (Regulation) Act framework through the 2026 Amendment Rules, fundamentally transforming how NGOs and not-for-profits receive and utilize foreign funding. These changes establish purpose-specific and geography-specific registration requirements, enhanced disclosure obligations including ultimate donor identification, and objective benchmarks for organizational activity. Will these reforms strengthen accountability

A Club is an association of two or more people united by a common interest or goal.

As per Section 2(20) of the Companies Act, 2013, a "company" refers to an entity incorporated and registered under this Act or any prior company law. The word "company" originates from the Latin com (together) and panis (bread), symbolising a collective of individuals united by a shared purpose.

In keeping with the National Education Policy of 2020 and the recent push for internationalisation of education in India, the University Grants Commission (UGC) published regulations...

The UN Industrial Development Organization defines Corporate Social Responsibility (‘CSR') as a mechanism to strike a balance between economic, environmental and social imperatives.

Corporate Social Responsibility (CSR) in India has traditionally been perceived as a mechanism of redistributive welfare, focused on education, healthcare, sanitation, and poverty alleviation etc. environmental protection...

If you've ever drafted a shareholders' agreement, you'll recognise a familiar clause. It lists reserved matters, ensures that certain decisions require approval from a specific investor's nominee, and quietly assumes that the day it will be tested will never arrive. At Tata Sons, that day has arrived

SEBI has issued a circular deferring penal consequences for listed entities that fail to meet minimum public shareholding norms during periods of external economic disruption. This regulatory relief measure allows companies additional time to achieve compliance under more favorable market conditions while maintaining the long-term integrity of public shareholding requirements.

In the company the Memorandum of Association sets the rules related to the company which the provide the scope of the activities of the company. It has the rights, privileges and power of the company.

The Finance Act 2021 had amended Section 10(23C) and Section 11 of Income Tax Act, 1961, to prevent claiming application of corpus as application of income by charitable institution.