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  • Article

    CCI Issues Cease And Desist Order Against Kraft Paper Manufacturers And Their Associations

    On October 12, 2020, the CCI agreed with allegations of cartelization against several Kraft paper manufacturers and their regional associations (collectively ‘OPs').
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    CCI Penalises PI Opportunities Fund – I And Pioneer Investment Fund For Gun Jumping

    On September 30, 2022, the CCI penalised PI Opportunities Fund – I and Pioneer Investment Fund (collectively referred to as ‘Acquirers') in relation to its acquisition of 6.03% of shareholding...
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    SC Sets Aside CCI’s Penalties On Amazon

    The Indian Supreme Court has overturned a landmark penalty imposed by the Competition Commission of India on Amazon, establishing critical boundaries on the antitrust regulator's enforcement powers. This decision addresses fundamental questions about merger notification requirements, the scope of regulatory authority, and procedural fairness in competition law proceedings. The ruling has significant implications for foreign investment and the predictability of India's regulatory framework for cross-border t
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    CCI Approves Acquisition Of Approximately 7.98% Of The Total Outstanding Equity Share Capital Of Ajax By Kedaara

    On June 20, 2019, CCI approved the acquisition of approximately 7.98% of the total outstanding equity share capital of Ajax Engineering Private Limited by Kedaara Capital Fund II LLP along with right of representation ...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    CCI Approves Varenna's Acquisition Of 40% Stake In Dixcy Textiles

    On September 23, 2019, the CCI approved Varenna Holdings Limited's (‘Varenna') acquisition of approximately 40% of the shareholding in Dixcy Textiles Private Limited
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    MCA Amends Companies (Meetings Of Board And Its Powers) Rules, 2014 To Extend Certain Exemptions To IFSCA-Registered Finance Companies

    On November 3, 2025, the Ministry of Corporate Affairs (‘MCA') issued the Companies (Meetings of Board and its Powers) Amendment Rules, 2025 (‘MBP Amendment')...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    MCA Introduces Companies Compliance Facilitation Scheme, 2026 To Enable Regularisation Of Delayed Annual Filings

    The Ministry of Corporate Affairs has introduced a three-month compliance facilitation window allowing companies to regularize their filing status under significantly reduced penalty structures.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Penalty Rationalization Under FEMA

    The recent ruling of the Appellate Tribunal for Foreign Exchange, New Delhi (Appellate Tribunal) in the matter of Jaipur IPL Cricket Private Limited and Ors. v. The Special Director Directorate ...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Personal Hearing Prior To Disqualification Of Directors

    The Madras High Court in the case of Bhagavan Das Dhananjaya Das versus Union of India and Anr. [2018] has ruled that a director ought to be given an opportunity of personal hearing, before...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Physical Verification Of Registered Office By Registrar And Consequential Amendments

    MCA, by way of a Notification dated August 18, 2022, has amended the Companies (Incorporation) Rules, 2014, by inserting a new Rule 25B for physical verification of the registered office of a company.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    New FCPA Guidelines By The US Department Of Justice: The New Perspective In FCPA Enforcement Actions

    On June 9, 2025, US Deputy Attorney General Todd Blanche issued a memorandum of new guidelines to federal prosecutors for investigations and enforcement of the Foreign Corrupt Practices Act, 1977 (the "FCPA").
    IndiaCriminal Law
    AZB & Partners
    AZB & Partners
  • Article

    Employment Law Update | Legal Update (Karnataka): Proposed Reservation For PWDs In Private Sector

    Further to the update on the proposed reservation for PWDs in our email of November 07, 2025, we write to update you that the Government of Karnataka has now published the draft Karnataka Rights...
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    Karnataka: Recent Key Amendments To The Shops And Commercial Establishment Law

    The Karnataka Government has introduced significant amendments to the Karnataka Shops and Commercial Establishments Act, 1961, effective September 4, 2026. These changes include digitization of registration processes, perpetual validity of registration certificates, relaxed conditions for women's night shift employment, and revised penalties for non-compliance. The amendments also align the legislation with newly notified Labour Codes and introduce new employer obligations regarding employee documentation.
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    Legal Update (Karnataka): Proposed Reservation For PWDs In Private Sector

    We wanted to update you on a significant (proposed) development for private establishments in Karnataka.
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    CCI Approves Acquisition Of Sundaram BNP Paribas Home Finance Limited By Sundaram Finance Limited

    On July 26, 2019, CCI approved the acquisition of 49.9% equity shareholding of Sundaram BNP Paribas Home Finance Limited (‘SHFL') by Sundaram Finance Limited (‘SFL').
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    GIFT – IFSCA Permits Entry Of Foreign Universities And Educational Institutions

    The International Financial Services Centre Authority ("IFSCA") by a notification dated October 11, 2022 introduced the IFSCA (Setting up and Operation...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    RBI Amends Foreign Exchange Management (Export Of Goods And Services) Regulations, 2015

    RBI has, by way of a Notification dated November 13, 2025, amended the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 (‘Export Regulations') to extend key statutory timelines...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    SEBI's Framework For ESG Debt Securities

    SEBI has, by way of a Circular dated June 5, 2025, established a new Framework for Environment, Social and Governance (‘ESG') Debt Securities.
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    SEBI (Issue Of Capital And Disclosure Requirements) (Amendment) Regulations, 2026

    Securities and Exchange Board of India (‘SEBI’) has notified the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2026 by way of Notification No. SEBI/LAD-NRO/GN/2026/299...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    RBI Issues Foreign Exchange Management (Export And Import Of Goods And Services) Regulations, 2026 And Directions On Export And Import Of Goods And Services

    The Reserve Bank of India has introduced comprehensive new regulations consolidating the entire export-import framework, set to take effect from October 2026.
    IndiaInternational Law
    AZB & Partners
    AZB & Partners

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