The Reserve Bank of India has significantly liberalised the framework for Special Non-Resident Rupee Accounts, removing the requirement for account holders to demonstrate business interest in India and expanding operational flexibility. These amendments to the Foreign Exchange Management (Deposit) Regulations, 2016 also permit SNRR Accounts to be opened with Authorised Dealer Banks in International Financial Services Centres and streamline transfer mechanisms between various non-resident account types.

The Delhi HC in a consolidated judgment led by Dabur India Limited v. Ashok Kumar and Colgate Palmolive Company & Anr. v. NIXI & Anr.

The plaintiff Hindware Limited had filed trademark infringement and passing off suits against Grohe India Private Limited and Cera Sanitaryware Limited and had alleged that, the defendants, through Google’s AdWords Programme, had purchased ‘HINDWARE’ and related combinations as keywords so that their sponsored links appeared when users searched for Hindware-related terms.

The Supreme Court, while considering the following clause under the agreement ‘Arbitration shall be under Indian Arbitration and Conciliation Law 1996 and the Venue of Arbitration shall be...

The Supreme Court has clarified the scope of interim relief available under Section 9 of the Arbitration and Conciliation Act, 1996, addressing whether unsuccessful parties in arbitration proceedings retain the right to seek protective measures post-award. This landmark ruling examines the interpretation of 'a party' under the statutory framework and establishes the stringent standards courts must apply when evaluating such applications from parties who did not prevail in arbitration.

The SC in South Delhi Municipal Corporation v. SMS Ltd., held that a valid and enforceable arbitration agreement...

The SC in Adavya Projects Private Limited v. Vishal Structures Private Limited & Ors., held that the arbitral tribunal can implead a third party during...

The Investor Education and Protection Fund (‘IEPF') has been established for promotion of investors' awareness and protection of interests of the...

AZB & Partners provides important legal disclaimers regarding website usage, clarifying that no solicitation has occurred and that accessing the site does not create a lawyer-client relationship.

In a significant development, the Indian Finance Minister introduced few sweeping investor friendly tax amendments to the Income-tax Act, 1961. Effective from FY 2019-20, these include:

After a decade-long investigation into allegations of anti-competitive practices in Delhi's hospital sector, India's Competition Commission has delivered a landmark ruling on aftermarket abuse and excessive pricing. The case, which began with complaints about disposable syringe markups at Max Super Specialty Hospital, evolved into a comprehensive examination of pricing practices across 12 super specialty hospitals, ultimately establishing critical precedents for defining healthcare aftermarkets and applying

In light of the prevailing uncertain market conditions due to ongoing geopolitical tensions, SEBI has by way of a Circular No. HO/49/14/14(13)2026-CFD-POD2/I/8772/2026, dated April 7, 2026 (‘Circular’), granted a one-time relaxation from the applicability of penal provisions prescribed under the SEBI Master Circular dated July 11, 2023...

The SC, in K.S. Manjunath v. Moorasavirappa[1], held that unilateral termination of an agreement by a party is impermissible in law, except in cases where the agreement is determinable.

SEBI, by way of a Circular dated March 6, 2026, on ‘Introduction of voluntary lock-in/debit freeze facility to mutual fund folios’, has introduced a voluntary debit freeze facility for mutual fund investors...

Bihar has become the first Indian state to repeal its Shops and Establishments Act through an ordinance, citing overlap with the central Occupational Safety, Health and Working Conditions Code, 2020. As other states like Maharashtra, Haryana, and Madhya Pradesh take varying approaches to address similar regulatory overlaps, the question emerges whether they will follow Bihar's complete repeal or adopt more limited exemptions and clarifications.

The Maharashtra Industrial Development Corporation has issued new guidelines governing the transfer of share capital of plot-holding companies to Real Estate Investment Trust structures. These regulations impose strict family ownership requirements, mandate detailed documentation and periodic certifications, and establish comprehensive compliance obligations for plot holders seeking to participate in REIT arrangements.

The RBI has issued the RBI (Commercial Banks – Asset Classification, Provisioning and Income Recognition) Directions 2026 (‘Directions’) to commercial banks, corresponding new banks, and the State Bank of India (‘SBI’) ...

The RBI has, by way of A.P. (DIR Series) Circular No. 01 dated April 1, 2026, operationalised the reporting framework for guarantees under the Foreign Exchange Management (Guarantees) Regulations, 2026 (‘Guarantee Regulations’), read with the Master Direction – Reporting under the Foreign Exchange Management Act, 1999 (‘Master Direction’).

India lacks a dedicated AI statute, but its regulatory landscape is rapidly evolving through legislative amendments, sector-specific guidance, and judicial developments. How can organizations effectively navigate this complex, multi-regulator framework as AI adoption accelerates across industries? AZB & Partners' monthly tracker consolidates key legal, regulatory, and policy developments to provide clarity in this dynamic environment.

The Delhi High Court[1] (‘Delhi HC’) recently reaffirmed the settled legal principle that, in the absence of a specific statutory provision under the IT Act 1961, the income of a company cannot be taxed in the hands...