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  • Article

    Revised Regulatory Reporting Framework For AIFs

    SEBI, on March 4, 2026, issued a Circular revising the regulatory reporting framework for AIFs. AIFs will now submit a comprehensive annual activity report within 30 days from the end of March...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    SEBI Revises ‘Fit And Proper’ Criteria For Intermediaries

    The Securities and Exchange Board of India has introduced significant amendments to the 'fit and proper person' criteria for market intermediaries, fundamentally altering how disqualifications are determined and applied. The revised framework shifts from automatic disqualifications based on pending charges to a more nuanced approach centered on actual convictions, while introducing new procedural safeguards and disclosure requirements.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Key Changes Under GIFT City’s Capital Market Intermediaries Regulations

    The International Financial Services Centres Authority has introduced significant regulatory amendments that consolidate multiple financial activities under a unified registration framework.
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    Procedure And Clarification On Filing Of Scheme Application Under Third-Party Fund Management Arrangement

    The IFSCA on January 16, 2026, issued a Circular streamlining the procedure for registered Fund Management Entities (‘FMEs’)...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    Proposed Streamlined Exit Process For AIFs

    India's securities regulator SEBI has proposed significant reforms to simplify the process for Alternative Investment Funds (AIFs) to wind up their schemes and surrender registrations.
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    TRAI Releases Amendments To Telecommunication Tariff Order And Accounting Separation Regulations

    TRAI on March 24, 2026, has released the Telecommunication Tariff (Seventy Second Amendment) Order, 2026 and the Reporting System on Accounting Separation (Amendment) Regulations...
    IndiaMedia, Telecoms, IT, Entertainment
    AZB & Partners
    AZB & Partners
  • Article

    Delhi High Court Declines To Interfere In CCI’s Investigation Into Collusive Labour-Market Practices

    The Delhi High Court upheld the Competition Commission of India's decision to investigate alleged labour-related coordination in the fragrances industry, despite International Flavors and Fragrances Inc.'s challenge on limitation grounds. The court found that the CCI had adequately recorded reasons for condoning the delay in filing the complaint and that initiating an investigation was merely an administrative action.
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    India-UK Agreement On Social Security: Implications For Employers

    The Agreement on Social Security between India and the United Kingdom (‘UK’), also referred to as the Double Contribution Convention (‘DCC’), signed on February 10, 2026, will enter into force on July 16, 2026, alongside the India-UK Comprehensive Economic and Trade Agreement.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Introduction Of Data Plans Of Short-Duration Validity Under PM-WANI Framework

    On May 22, 2026, DoT through Circular no. 2/PM-WANI/2026 (‘Circular’), issued an advisory under the Guidelines, encouraging Public Data Offices (‘PDO’) and Public Data Office Aggregators (‘PDOA’) to introduce short-duration data plans under the PM-WANI framework.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    MCA Prescribes Minimum Paid-Up Capital For Registered Valuer Organisations

    The MCA notified the Companies (Registered Valuers and Valuation) Amendment Rules, 2026 on June 1, 2026, substituting Rule 12(1)(i) of the Companies (Registered Valuers and Valuation) Rules, 2017.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    SEBI Allows Cost Accountants To Undertake Annual Audits For Investment Advisors And Research Analysts

    AZB & Partners provides important disclaimers regarding the nature of their website and the professional relationship between the firm and visitors. The firm clarifies that no content on the website constitutes solicitation, advertising, or legal advice, and emphasizes that accessing the site does not create an attorney-client relationship. Users must acknowledge these terms and understand that any information obtained is for personal use only and should not replace independent legal counsel.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    SEBI Eases FVCI Regime; Introduces SWAGAT-FI And Ten-year Renewal Blocks

    SEBI, by way of the SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2025 dated December 1, 2025, has introduced the ‘SWAGAT‑FI' framework into the SEBI...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    SEBI Issues Circular On Winding Up Of AIFs And ‘Inoperative Fund’ Status

    Pursuant to the consultation paper discussed in our March 2026 edition of Inter Alia (the writeup can be accessed here), SEBI on June 16, 2026, issued a Circular formalising the framework for winding up of AIFs and surrender of registrations.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Simplification Of Requirements For Grant Of Accreditation To Investors

    AZB & Partners presents important disclaimers regarding the nature and purpose of their website, clarifying the regulatory constraints under which Indian law firms operate. The firm outlines the terms under which users may access information about their practice, emphasizing the absence of solicitation and the voluntary nature of user engagement.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Maharashtra Government Authorizes POSH Compliance Inspections Across Establishments

    The Maharashtra government has issued a circular empowering various officials to conduct inspections of workplaces to ensure compliance with the Sexual Harassment of Women at Workplace Act, 2013.
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    Notifications By Ministry Of Labour & Employment

    The Ministry of Labour & Employment (‘MoLE’), by way of a Notification dated January 30, 2026, amended the wage ceiling under the definition of ‘worker’ in the Code on Wages, 2019 (‘Wages Code’)...
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    IFSCA Clarifies Framework For Implementation Services By Investment Advisers In IFSC

    The International Financial Services Centres Authority (‘IFSCA’) has, by way of a Circular dated May 12, 2026, clarified the scope of ‘implementation services’ that may be provided by investment advisers registered...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    Reporting Of Value Of Units Of AIFs To Depositories

    India's Securities and Exchange Board has introduced new reporting requirements for Alternative Investment Funds, mandating the disclosure of net asset values through depositories via Registrars and Transfer Agents. This regulatory change aims to enhance transparency in the AIF sector by leveraging existing demat infrastructure for more efficient value reporting.
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    SEBI Introduces Fast-Track Mechanism For Processing Of Placement Memorandums Of AIFs

    SEBI has, by way of a Circular dated April 30, 2026, introduced a fast-track mechanism for Private Placement Memorandums (‘PPMs’) of Alternative Investment Funds (‘AIF’), applicable to angel funds and AIF schemes other than ‘Large value fund for accredited investors’ (collectively, ‘non-LVF schemes’)
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    Compliance Requirements For Enabling 5925–6425 MHz Band Under Revised Regulator Framework

    The Department of Telecommunications (‘DoT’) has issued a Public Notice dated March 6, 2026 (‘Notice’) regarding compliance requirements following the exemption of the 5925–6425 MHz band...
    IndiaMedia, Telecoms, IT, Entertainment
    AZB & Partners
    AZB & Partners

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