India: Finance and Banking

The Securities and Exchange Board of India (“SEBI”) has issued an updated Master Circular consolidating various circulars and regulatory instructions relating to securities market surveillance.

インド保険市場の構造、関係者、そして法的枠組みに関する入門ガイド

Under Regulations 44(1) and 59C of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a public issue may be opened within twelve months and eighteen months respectively from the date of issuance of SEBI observations. SEBI received representations from the industry body highlighting difficulties faced by issuers in mobilizing resources and accessing capital markets due to ongoing geopolitical tensions in the Middle East

Ministry of Finance (“MoF”) through notification no. S.O. 3030(E) dated 12.06.2026, notified the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2026 (“NDI Amendment Rules”) to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”).

Welcome to the latest edition of Fox & Mandal's newsletter highlighting recent developments in India's corporate & commercial laws. In this edition, we examine key aspects of various legal and regulatory changes in the Corporate, Capital Markets, Insolvency, Competition and Real Estate sectors and their impact on the business ecosystem in the country.

The enforcement of security interests under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)...

Registration of real estate rights in India serves as constructive notice to the public under Section 3 of the Transfer of Property Act, 1882, which falls under Chapter I (Preliminary), thereby binding subsequent purchasers with notice of prior transactions.

The significance of the Tribunal’s view lies in its recognition that a charge need not always arise from a contractual security document or formal registration. A charge may also arise by operation of law, and where the statute itself creates such charge, the absence of registration in repositories cannot defeat the underlying substantive right.

The enforcement of security interests under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)...

India's digital payments ecosystem has transformed financial accessibility, but it has also created new vulnerabilities through SIM swap fraud, phishing, and social engineering attacks. Recent High Court decisions are reshaping how liability is allocated among banks, telecom providers, and customers when unauthorized electronic banking transactions occur, establishing that responsibility increasingly rests with whichever participant first compromised the digital authentication process.

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.

On a proposed resolution, Sixty investors say nothing. Thirty say yes. Ten say no. Depending on how you count, those same numbers read as 90% approval, 75% approval, or a 30% approval that doesn’t clear the bar at all.