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Rule-making powers of MCA under Corporate Laws Amendments Bill, 2026: Is it a case of excessive delegation?

Summary : The Companies Act, 2013 which came into force from 1st April 2014 and replaced the 1956 Act reflected a fundamental shift in the legislative policy where substantial provisions of the Act were left to be prescribed by way of Rules notified by the Ministry of Corporate Affairs. This practice is contrary to settled constitutional provisions. The blog suggests certain precautions and guard rails to ensure that our company law becomes a facilitator for attracting foreign investment.

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New Game, New Rules: India’s New Online Gaming Framework

Summary: India’s online gaming sector is entering a new phase with the promotion and regulation of online gaming act, 2025, which becomes effective from may 1, 2026. The law centralises regulation (versus the earlier state specific laws) and introduces clear categories for different types of online games. While real money games are banned with criminal penalties, the act creates defined pathways for e sports and online social games. This shift gives industry participants, including financial service providers, endorsers, and advertisers, a chance to reassess their business models, enhance compliance, and leverage new opportunities in a more predictable, structured regulatory environment.

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Beyond the Advisory - The Legal Framework Governing GLP-1 Drug Advertising

Summary: This article examines the reach of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, through the lens of key judicial pronouncements – from the Supreme Court’s ruling in Hamdard Dawakhana upholding the constitutionality of advertising restrictions to the Bombay High Court’s broad reading of Section 4 as a catch-all prohibition against misleading drug advertisements and the Supreme Court’s recent observations in the Patanjali matter. These rulings map the boundaries of what constitutes a prohibited advertisement and identify the penal consequences under the Drugs and Cosmetics Act, 1940 Act and the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, for non-compliance with the Advisory.

Continue Reading Beyond the Advisory – The Legal Framework Governing GLP-1 Drug Advertising (Part 2)
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From Awareness to Advertising: Re-examining the GLP-1 drug boundaries (Part 1)

Summary: Part 1 of this Article examines the CDSCO’s March 2026 Advisory directed at manufacturers, importers and marketing authorisation holders of GLP-1 receptor agonists, reinforcing that regulatory scrutiny of prescription-only medicine promotion will focus on substance over form. It prohibits all advertising — whether direct, surrogate, or influencer-led — that create brand recall among public.

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Payments Vision 2028: Way Forward

Summary: The Payments Vision 2028 themed “Shaping India’s Payment Frontier” lays out the strategic direction for payments regulation till December 2028. The regulator’s focus is on strengthening accountability among regulated entities, building customer trust, and enhancing the resilience of payment systems. Key proposals include a cyber risk monitoring regime for non-bank PSOs, a Payments Switching Service enabling customers to redirect payments across bank accounts, and interoperability mandates for card networks and TReDS platforms, amongst others.

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Is Your ESOP Plan Ready for the Updated Proxy Advisory Playbook?

Summary: This article examines how proxy advisory firms have meaningfully tightened their scrutiny of Employee Stock Option Plan (“ESOP”) proposals, evaluating them on regulatory compliance as well as on governance standards. It explores the key areas of concerns in relation to dilution, exercise price, Board discretion, extension of benefits to group companies, etc., and highlights the practical risks companies face when ESOP schemes are drafted without first engaging with the updated proxy advisory guidance.

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Decoding India’s Labour Codes: Strategic Insights for M&A Transactions

Summary: India’s consolidation of 29 central labour laws into four Labour Codes marks a landmark transformation of the country’s regulatory landscape, with far-reaching implications for M&A transactions. The introduction of Labour Codes is not just a compliance issue, but one that actively impacts deal making. While the Labour Codes promise a more streamlined compliance framework in the long term, the current transitional phase — where central rules remain unfinalised and most states are yet to implement the Labour Codes — introduces significant near-term complexity for dealmakers. In this blog, we aim to highlight some of these considerations, including on valuation impact, penalty enhancements and heightened due diligence requirements. This blog also serves as a summary of ongoing considerations for transactions in light of the new Labour Codes.

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FIG Paper No. 55 (VDA Series 10): India’s First Asset Tokenisation Bill: What It Means for the Digital Assets Space

Summary: The Asset Tokenisation (Regulation) Bill, 2026, introduced in the Rajya Sabha on March 14, 2026, is India’s first dedicated legislative proposal for regulating and licensing tokenised real-world assets. Significantly, it proposes a novel multi-regulator model in light of global standards and provides a pathway for regulating tokenised assets, including stablecoins. 

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Director’s Liability under the Labour Codes

Summary: The Labour Codes provide for a more uniform framework for director liability, harmonising the previously fragmented provisions under the erstwhile labour statutes. We have evaluated director liability under the Labour Codes, how the Courts have historically determined director liability, and outlined key safeguards and risk mitigation measures for organisations.

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Large Issuers, Easier Listings: MPO and MPS Norms Recast Under SCRR

Summary: This article examines the Securities Contracts (Regulation) Amendment Rules, 2026 (“Amendment Rules”), which recalibrate the minimum public offer and shareholding framework under the Securities Contracts (Regulation) Rules, 1957 (“SCRR”). It discusses the key changes, including materially reduced dilution requirements and extended compliance timelines and highlights the legal and operational considerations arising from the amendment for both unlisted and listed large issuers.

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