India: Debt Capital Markets

Released alongside the government's review of ECB policy and external debt, the draft signals a move towards a more liberal, market linked and risk based approach.

The Securities and Exchange Board of India (SEBI) vide its circular no. CIR. /IMD/DF/22/2011 - Public issue of Debt Securities- Prohibition on payment of incentives dated 26 December 2011 (Circular) prohibited payment of incentives by a person connected with a public issue of debt securities to a potential investor for making an application for allotment of specified securities

India's innovation landscape is undergoing a profound transformation from software led growth to a new frontier defined by rockets, satellites, and deep-tech entrepreneurship.

In a recent judgment, the Supreme Court of India in M/s Godwin Construction Pvt. Ltd. v. Commissioner, Meerut Division & Anr. addressed an important issue concerning the correct classification of instruments for the purpose of stamp duty under the Indian Stamp Act, 1899.

A silent file in the Debts Recovery Tribunal, Dehradun, has become the trigger for a sharp reminder from the Supreme Court that debt-recovery statutes are meant to be swift, not sluggish.

Imagine you are at an auction, the property of your dreams is gavelled away, but what if the true owners, moments after the sale, arrive with enough money to clear their debt?

As per the Master Directions on Non-resident Investment in Debt Instruments dated January 7, 2025, the Foreign Portfolio Investors (‘FPIs') investing in corporate debt securities were bound by...

The RBI has issued the Reserve Bank of India (Project Finance) Directions, 2025 (‘Project Finance Directions') dated June 19, 2025, to take effect from October 1, 2025 (‘Effective Date').

The Reserve Bank of India ("RBI") has released the draft Master Direction on ‘Digital Banking Channels Authorisation (Directions), 2025' for public consultation until August 11, 2025.