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  • Article

    Enforceability Of Employment Bonds In India: Sc Clarifies Indian Contract Act Provisions

    In the recent case of Vijaya Bank & Anr. v. Prashant B. Narnaware (2025 INSC 691), India's Supreme Court (the "SC") examined the validity of an employment bond, which requires an employee to pay liquidated damages to the employer in case of failure to complete a minimum-service tenure requirement.
    IndiaEmployment and HR
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Recent Amendments To The Indian FDI Regime: Are The Changes Enough To Boost FDI Amidst Global Turmoil?

    Subsequently, on May 4, 2026, the Indian government notified a new standard operating procedure to process FDI proposals (the "2026 SOP"), which replaced the previously applicable procedure issued in 2023 (the "2023 SOP").
    IndiaGovernment, Public Sector
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Current State Of Play Of The Liberalization Of India's Legal Market

    In March 2023, the Bar Council of India notified the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022 permitting foreign lawyers and law firms to practice foreign law, international law, and international arbitration matters in India on the principle of reciprocity.
    IndiaLitigation, Mediation & Arbitration
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Drugs, Medical Devices And Cosmetics Bill, 2023: An Attempt At Modernizing The Regime Governing Medical Products

    The Drugs, Medical Devices and Cosmetics Bill, 2023 (the "Drugs Bill") seeks to replace the Drugs and Cosmetics Act, 1940 (the "Drugs Act")...
    IndiaFood, Drugs, Healthcare, Life Sciences
    Majmudar & Partners
    Majmudar & Partners
  • Article

    India's Space Policy – The Government Continues To Push For More Private Sector Participation

    Indian Space Research Organization issued the Indian Space Policy - 2023 on April 20, 2023, after it received the approval of the Union Cabinet.
    IndiaGovernment, Public Sector
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Can One Person Simultaneously Hold Two Key Managerial Personnel (KMP) Offices In India?

    On June 29, 2026, the Registrar of Companies, Gwalior (“ROC”), in the matter of EKI Energy Services Limited (“EESL”/ “Company”), adjudicated that an individual cannot simultaneously hold the office of whole-time director (“WTD”) and chief financial officer (“CFO”). In this article, we analyze the ROC’s findings, its legal reasoning, and the broader governance implications for Indian companies.
    IndiaCorporate/Commercial Law
    Majmudar & Partners
    Majmudar & Partners
  • Article

    India's Insurance Sector Reforms: Key Highlights

    On December 21, 2025, the Indian government published the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 (the "Amendment Act") in the official gazette for general information.
    IndiaInsurance
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Supreme Court Directs Status Quo To Be Maintained In The Liquidation Of Bhushan Power And Steel Ltd.

    In Kalyani Transco v. M/s Bhushan Power and Steel Ltd., the Supreme Court set aside the approved resolution plan and directed liquidation of Bhushan Power and Steel Ltd. negating the judgments of the National Company Law Tribunal and the National Company Appellate Law Tribunal which had approved the Resolution Plan.
    IndiaCorporate/Commercial Law
    Majmudar & Partners
    Majmudar & Partners
  • Article

    The Uniform Code For Pharmaceutical Marketing Practices, 2024 — Impact On India's Pharma Industry

    This article discusses the revisions made and identifies key compliances for pharmaceutical companies ("Companies") in relation to marketing their products.
    IndiaCorporate/Commercial Law
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Updated ECB Framework - Foreign Exchange Management (Borrowing And Lending) (First Amendment) Regulations, 2026

    The Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 (the "ECB Regulations") introduced by the Reserve Bank of India (the "RBI") effective from February 16, 2026
    IndiaFinance and Banking
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Why FEMA Compliance In India Should Not Be Taken Lightly?

    In recent years, the Directorate of Enforcement (the "ED") has significantly expanded its enforcement actions under the Foreign Exchange Management Act, 1999 ("FEMA"), particularly in respect of foreign...
    IndiaGovernment, Public Sector
    Majmudar & Partners
    Majmudar & Partners
  • Article

    M&A Impact Due To Changes In India's Competition Law

    The Indian parliament approved the Competition Amendment Act, 2023, on April 11, 2023.
    IndiaAntitrust/Competition Law
    Majmudar & Partners
    Majmudar & Partners
  • Article

    India Releases Draft Foreign Investment Rules: Implications For Foreign Investors

    On July 21, 2026, India’s central bank (i.e., Reserve Bank of India (“RBI”)) published draft Foreign Exchange Management (Foreign Investment) Rules, 2026 (“Draft Rules”). These Draft Rules will replace the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”) once notified.
    IndiaGovernment, Public Sector
    Majmudar & Partners
    Majmudar & Partners
  • Article

    India's Draft Broadcasting (Regulation) Bill, 2023 – An Update

    The 1995 Act regulated cable networks only and did not include OTT platforms.
    IndiaMedia, Telecoms, IT, Entertainment
    Majmudar & Partners
    Majmudar & Partners
  • Article

    India's Budget 2022-23 – Key Highlights

    India's Union Budget (the "Budget") was announced on February 1, 2022, and the Finance Bill, 2022 (the "Finance Bill") was tabled in Parliament.
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    New Regulations For Online Gaming In India – An Early Milestone In A Long Journey

    On January 2, 2023, India's Ministry of Electronics and Information Technology had invited comments from the public on a host of proposed amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021.
    IndiaMedia, Telecoms, IT, Entertainment
    Majmudar & Partners
    Majmudar & Partners
  • Article

    The Promotion And Regulation Of Online Gaming Act, 2025: Analysis

    The Promotion and Regulation of Online Gaming Act, 2025 (the "Act") creates a national regime that prohibits Online Money Games ("OMG") and their facilitation.
    IndiaMedia, Telecoms, IT, Entertainment
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Cross-Border Share Swaps Made Easier Through Amendments To India's Foreign Exchange Regulations

    The Indian government has recently notified the Foreign Exchange Management (Non-Debt Instruments) (Fourth Amendment) Rules, 2024 (the "Amendment Rules") to amend the Foreign Exchange Management...
    IndiaCorporate/Commercial Law
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Proposal To Redefine The Arbitration Landscape In India: A Review Of The Arbitration And Conciliation (Amendment) Bill, 2024

    Late last year, the Indian government released a draft of the proposed Arbitration and Conciliation (Amendment) Bill, 2024 (the "Draft Amendment Bill").
    IndiaLitigation, Mediation & Arbitration
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Digital Personal Data Protection Bill – An Analysis

    On November 18, 2022, the Indian government released a new draft Digital Personal Data Protection Bill, 2022 (the "Draft Bill"). The Draft Bill has been released for public comments...
    IndiaPrivacy
    Majmudar & Partners
    Majmudar & Partners

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