Business Law and Corporate Law

If you've ever drafted a shareholders' agreement, you'll recognise a familiar clause. It lists reserved matters, ensures that certain decisions require approval from a specific investor's nominee, and quietly assumes that the day it will be tested will never arrive. At Tata Sons, that day has arrived

The Income-tax Act, 2025 has introduced significant changes to the taxation framework for charitable entities, now classified as registered not-for-profit organisations (NPOs). This article examines how the Finance Act, 2026 has recalibrated provisions governing cancellation of registration for NPOs engaged in general public utility objects, comparing the new framework with the Income-tax Act, 1961 to reveal both intended alignments and unintended departures.

India's Ministry of Home Affairs has introduced sweeping amendments to the Foreign Contribution (Regulation) Act framework through the 2026 Amendment Rules, fundamentally transforming how NGOs and not-for-profits receive and utilize foreign funding. These changes establish purpose-specific and geography-specific registration requirements, enhanced disclosure obligations including ultimate donor identification, and objective benchmarks for organizational activity. Will these reforms strengthen accountability

Reserve Bank of India (“RBI”) by Notification dated 30.04.2026, published on 06.05.2026, notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 (“AP Regulations”).

The Bombay High Court's decision in Nayara Energy Ltd. v. M/s. Mahendra Sales Services addresses critical questions about arbitral tribunals' authority to override express contractual terms in dealership disputes.

Picture this - A medium sized investor in Mumbai invests in a seemingly lucrative business opportunity. The presentation is all spiffy - design, marketing material, a trademark registration number, a license.

If you've ever drafted a shareholders' agreement, you'll recognise a familiar clause. It lists reserved matters, ensures that certain decisions require approval from a specific investor's nominee, and quietly assumes that the day it will be tested will never arrive. At Tata Sons, that day has arrived

The term sheet is usually treated as the moment the commercial bargain is struck. The valuation is agreed, the investment amount settled and the investor’s percentage fixed. The parties negotiate a board seat, a liquidation preference and anti-dilution protection, the term sheet is signed, and the deal moves into definitive documentation.

An open offer is a public offer made by an acquirer to purchase shares from the existing public shareholders of a listed company at a specified price when the acquirer acquires a substantial stake in, or control over, that company.

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.