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As discussed in our previous article, the Consultation Paper addressed a structural gap in the existing aircraft leasing ecosystem in GIFT City. While aircraft leasing entities could already be established in the IFSC, aircraft ownership, primary financing, transaction structuring and related professional services could continue to remain outside the IFSC.

The Insurance Regulatory and Development Authority of India (“IRDAI”), through its Circular dated 25 May 2026, has amended the Master Circular on Corporate Governance for Insurers, 2024 to revise the performance assessment and remuneration framework applicable to Key Management Personnel (“KMPs”) of insurers. While the amendments formally relate to executive remuneration, they reflect a broader regulatory shift towards policyholder-centric governance, enhanced management accountability and greater transparency within the insurance sector.

In the recent case of Dr. Bais Surgical and Medical Institute Private Limited and Ors. vs. Dhananjay Pande1, the Hon’ble Supreme Court of India (“Supreme Court”) ruled that formal entry in a company’s register of members is not an absolute prerequisite for seeking relief in respect of oppression and mismanagement under Sections 3972 and 3983 of the Companies Act, 1956 (“1956 Act”) (that are in pari materia with Sections 241 and 242 of the Companies Act, 2013 (“CA 2013”)).