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The Maharashtra Legislative Assembly has passed a bill introducing significant changes to stamp duty on financial and bank guarantees. The proposed amendment creates a new charging structure with differentiated rates based on transaction type and beneficiary, while offering relief from repetitive duty on renewals where guaranteed amounts remain unchanged.

Ask a legal team how contracting is going and the answer is usually a number: contracts reviewed, deals closed, NDAs signed. These figures are easy to report and worth knowing but, on their own, they leave the harder question open: is Legal adding value or just keeping up?

Delayed projects are a commercial reality in infrastructure contracts, often caused by factors solely attributable to the employer, such as late site handover, delayed approvals, and design changes. These delays increase the contractor's costs and frequently postpone payments due under Running Account (RA) bills, which themselves depend on certifications and approvals controlled by the employer.