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Article
SEBI Introduces 'Inoperative Fund' Framework To Facilitate Orderly Winding Up Of AIFS And VCFs
The Securities and Exchange Board of India (SEBI) through the circular HO/19/34/11(2)2026-AFD-POD1/I/13764/2026 dated 16 June 2026 (Circular) has issued guidelines for AIFs seeking ‘Inoperative Fund’ status. The Circular follows SEBI’s consultation paper dated 5 February 2026 titled ‘Flexibility to Alternative Investment Funds (AIFs) in Winding up the Scheme / Surrendering the Registration’, which proposed granting AIFs / VCFs greater flexibility to retain liquidation proceeds beyond the expiry of their permissible tenure in specified circumstances.
India Commercial
KC
Khaitan & Co LLP
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Article
SEBI Introduces 'Inoperative Fund' Framework To Facilitate Orderly Winding Up Of AIFS And VCFs
The Securities and Exchange Board of India (SEBI) through the circular HO/19/34/11(2)2026-AFD-POD1/I/13764/2026 dated 16 June 2026 (Circular) has issued guidelines for AIFs seeking ‘Inoperative Fund’ status. The Circular follows SEBI’s consultation paper dated 5 February 2026 titled ‘Flexibility to Alternative Investment Funds (AIFs) in Winding up the Scheme / Surrendering the Registration’, which proposed granting AIFs / VCFs greater flexibility to retain liquidation proceeds beyond the expiry of their permissible tenure in specified circumstances.
India Commercial
KC
Khaitan & Co LLP
Article
Insurance 2.0 | IRDAI Invites Comments On Amendments To The Registration, Capital Structure, Transfer Of Shares And Amalgamation Of Insurers Regulations, 2024
Hot on the heels of adoption of the Sabka Bima Sabki Raksha (Insurance for All, Protection for All) (Amendment of Insurance Laws) Act, 2025 (Amendment Act), the Insurance Regulatory and Development Authority of India (IRDAI) has begun translating the “Insurance 2.0” reforms into its operating framework. Our coverage of the journey so far is set out in our Ergos dated 9 December 2024, 3 February 2025, 5 September 2025, 18 December 2025, 16 January 2026, 4 February 2026 and 15 June 2026.
India Insurance
KC
Khaitan & Co LLP
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Article
SEBI Introduces 'Inoperative Fund' Framework To Facilitate Orderly Winding Up Of AIFS And VCFs
The Securities and Exchange Board of India (SEBI) through the circular HO/19/34/11(2)2026-AFD-POD1/I/13764/2026 dated 16 June 2026 (Circular) has issued guidelines for AIFs seeking ‘Inoperative Fund’ status. The Circular follows SEBI’s consultation paper dated 5 February 2026 titled ‘Flexibility to Alternative Investment Funds (AIFs) in Winding up the Scheme / Surrendering the Registration’, which proposed granting AIFs / VCFs greater flexibility to retain liquidation proceeds beyond the expiry of their permissible tenure in specified circumstances.
India Commercial
KC
Khaitan & Co LLP
See more
Article
SEBI Introduces 'Inoperative Fund' Framework To Facilitate Orderly Winding Up Of AIFS And VCFs
The Securities and Exchange Board of India (SEBI) through the circular HO/19/34/11(2)2026-AFD-POD1/I/13764/2026 dated 16 June 2026 (Circular) has issued guidelines for AIFs seeking ‘Inoperative Fund’ status. The Circular follows SEBI’s consultation paper dated 5 February 2026 titled ‘Flexibility to Alternative Investment Funds (AIFs) in Winding up the Scheme / Surrendering the Registration’, which proposed granting AIFs / VCFs greater flexibility to retain liquidation proceeds beyond the expiry of their permissible tenure in specified circumstances.
India Commercial
KC
Khaitan & Co LLP
Article
Going Public In Silence: Decoding SEBI’s Confidential IPO Route
In November 2024, Swiggy went public and raised over Rs 11,300 crore. What the market did not know until September 2024, barely six weeks before the subscription opened, was that Swiggy had already spent five months in regulatory review. The company had filed its draft offer document with SEBI in April 2024, received observations, and refined it through two updated versions, all without a single word entering the public domain. No competitor read it.
India Finance
CP
Corporate Professionals
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