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...

SEBI, by way of a Circular dated October 13, 2025, has eased the minimum information that listed entities are required to provide their audit committee and shareholders for approval...

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.

SEBI has, by way of two Notifications dated April 1, 2025, and April 28, 2025, amended the SEBI (Infrastructure Investment Trusts) Regulations 2014...

On October 15, 2019, CCI approved the investment by Kora Master Fund LP (‘Kora') in Edelweiss Securities Limited and Edelweiss Global Investment Advisory business (including its...

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.

To operationalise the Amendments notified on November 18, 2025, SEBI issued a Circular on December 8, 2025, setting out the conditions for migration of existing AIFs to AI-Only Funds or LVFs...

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’).

SEBI has, by way of the SEBI (Mutual Funds) (Second Amendment) Regulations, 2025 dated October 31, 2025, amended the SEBI (Mutual Funds) Regulations, 1996, to provide for...

On October 24, 2019, CCI approved the acquisition of 100% of the total issued and paid-up equity share capital of Kwality Limited (‘Kwality') (which is undergoing insolvency resolution...

The Delhi High Court (‘DHC'), recently in the case of ANI Media Pvt Ltd v. Mohak Mangal & Ors., examined the interplay between copyright and trademark infringement, defamation...

The SC in ASF Buildtech (P) Ltd. v. Shapoorji Pallonji & Co. (P) Ltd., held that an arbitral tribunal has the power to implead a non-signatory to an arbitration agreement as a party...

The Supreme Court (‘SC') in Gayatri Balasamy v. ISG Novasoft Technologies Limited, held, inter alia, that Courts have limited power under Sections 34 and 37 of the Arbitration and Conciliation Act...

On October 16, 2019, the CCI dismissed allegations of violations of Sections 3 and 4 of CA02 against Pernod Ricard India Private

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...

As part of the IndiaAI mission and following the recommendations of the AI Report on Governance issued on January 06, 2025, the Government of India through its Ministry of Electronics and Information Technology (‘MeitY')...