Xerxes Antia and Aanchal Merchant   It’s been over a decade since the concept of corporate social responsibility (“ CSR ”) was introduced under the Companies Act, 2013 (“ Act ”). CSR has catalysed thousands of projects across education, health, sanitation, skilling, and the environment. While a positive initiative for a country like India with its diverse demographic needs and its developmental needs, CSR has not achieved its full potential as most companies still approach it

Xerxes Antia and Agrima Choudhary The Reserve Bank of India (“ RBI ”) has introduced 2 noteworthy relaxations through an amendment to the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015, notified on November 13, 2025. These changes extend key statutory timelines and provide additional flexibility to Indian exporters and businesses engaged in cross-border trade.   A brief summary of the amendments is set out below.  Extension of timeline for realisat

Xerxes Antia and Rohit Kudtarkar   The Ministry of Corporate Affairs, Government of India (“ MCA ”) has issued a recent circular which came into force on December 1, 2025 and which has widened the definition of a ‘ small company ’ under the Companies Act, 2013 (the “ Act ”). A copy of the MCA Circular dated December 1, 2025, is attached for your reference.    Background     Under the provisions of the Act, a “small company” is identified based on prescribed financial thresho

(Xerxes Antia and Sneha Gangwani) The Ministry of Corporate Affairs ( MCA ), vide its circular dated October 17, 2025, has provided a relaxation of additional fees and extension of time for filing of Financial Statements and Annual Returns in view of the deployment of the new e-Forms on the MCA V3 portal. Companies may now file their financial statements and annual returns for the financial year ended March 31, 2025, without payment of additional fees, up to December 31, 202

( Xerxes Antia and Pranay Desai)   The Ministry of Corporate Affairs (“ MCA ”) has on September 4, 2025 notified the Companies...

On July 14, 2025, the Delhi High Court (“ Court ”) delivered a significant judgment in Abhijit Mishra  (" Mishra ") v. Wipro Limited  ("...

(Xerxes Antia and Disha Dubey) The Department for Promotion of Industry and Internal Trade (“ DPIIT ”), on April 7, 2025, issued Press...

In a significant relief for private companies, the Ministry of Corporate Affairs (“ MCA” ) vide its notification dated February 12, 2025,...

(Xerxes Antia & Disha Dubey) The Reserve Bank of India (“ RBI ”) notified the Foreign Exchange Management (Mode of Payment and Reporting...

Xerxes Antia and Aanchal Merchant In today’s rapidly evolving global business landscape, foreign entities are increasingly turning...

Xerxes Antia , Aanchal Merchant and Disha Dubey In a bid to further simplify the compliance requirements for reclassification of foreign...

Laxmi Joshi and Aditi Rani   In a bid to simplify the foreign investment norms, certain amendments were made to the Foreign Exchange...

Xerxes Antia, Vikram Jeet Singh, Sheel Ghia and Rohit Kudtarkar The Companies (Prospectus and Allotment of Securities) Second Amendment...

By – Mansi Singh & Pratik Bhat India’s Finance Minister last week announced the annual Budget focusing on seven priorities, i.e.,...

By – Sharanya Ranga & Farshad Ali ’Crypto Tax’ has been the buzzword following the unveiling of India’s Union Budget for 2022! While a...