Business Law and Corporate Law

The Lok Sabha has passed the Taxation & Other Laws (Amendment) Bill, 2026 (‘Amendment Bill’). The said Amendment Bill replaces the Income-tax (Amendment) Ordinance, 2026 which was earlier passed on 5 June 2026 and also proposes other amendments to the Income-tax Act, 2025 (‘the Act’), the most notable amendment being in respect of taxation of unitholders and SPVs of business trusts.

Business trusts — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) — and their unit holders are taxed under a pass-through framework built around Section 223 of the Income-tax Act, 2025 (corresponding to Section 115UA of the erstwhile 1961 Act), read with Schedule V (Table Serial Nos. 3, 4 and 5) of the ITA 2025, which mirror clauses (23FC), (23FCA) and (23FD) of Section 10 of the ITA 1961.

India's succession laws determine who inherits property when someone dies without a Will, but the rules vary dramatically based on religion. Hindus, Muslims, Christians and Parsis each follow different legal frameworks that may distribute assets in ways families never anticipated. Understanding these statutory hierarchies and their recent judicial interpretations is essential for anyone seeking to protect family wealth and prevent prolonged disputes.

Pursuant to the consultation paper discussed in our March 2026 edition of Inter Alia (the writeup can be accessed here), SEBI on June 16, 2026, issued a Circular formalising the framework for winding up of AIFs and surrender of registrations.

The SC in Pila Pahan v. State of Jharkhand [1], inter alia, held that the judgments reserved before a High Court (‘HC’) must ordinarily be pronounced within three months from the date of the reserving such judgment.

The RBI, by way of a Circular dated June 5, 2026, has amended the regulatory framework governing investments by Foreign Portfolio Investors (‘FPIs’) in Government securities. With a view of providing greater ease of investment, the RBI has decided to withdraw the requirements for FPIs to comply with the short-term investment limit, security-wise limit, and concentration limit for their investments in Government securities under the General Route

Multiple appointments of the same arbitrator for a single corporate group can lead to the appearance of a conflict, even if none exists. This blog takes a critical look at disclosure obligations, institutional rules and specific appointments in construction, infrastructure, insurance and energy arbitration under Indian, English law.

From non-binding term sheets to executed definitive agreements, the legal consequences of walking away from a deal depend on the stage, the precise wording and conduct of the parties.

India’s Digital Personal Data Protection Act, 2023 (DPDP Act), together with the Digital Personal Data Protection Rules, 2025 notified in November 2025, has reshaped how organisations manage personal data. A core principle is that the Data Fiduciary remains fully accountable even when personal data is shared with or processed by vendors and other third parties.

The 18th BRICS Summit held on 12 and 13 September 2026 in New Delhi, India, culminated in the adoption of the Declaration. The Declaration serves as a comprehensive policy document outlining the direction and scope of the future ESG-related regulation and corporate practices across the BRICS countries. It reflects the commitment of the expanded BRICS grouping to advancing sustainability objectives within their respective economies and financial systems.

Corporate Social Responsibility (CSR) can be understood as a business model that allows and encourages companies to give back to the community that it derives its profits from. It is a self-regulating business model that makes the company accountable to itself, its stakeholders and most importantly the public.

The proposal to introduce an Appellate Arbitral Tribunal (AAT) into India’s arbitration architecture, most prominently reflected in the Draft Arbitration & Conciliation (Amendment) Bill, 2024, has rekindled debate over the proper balance between party autonomy, finality, institutional quality, and judicial supervision. Proponents portray an AAT as an institutional innovation that would enhance the quality of awards, promote consistency, and reduce the burden on courts. Critics warn that an appellate layer risks destroying arbitration’s comparative advantage by permitting merits review, increasing costs and delay, and departing from the international norm of limited judicial interference.