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Summary: Prime Minister Narendra Modi undertook a landmark visit to the Nordic region from May 17-19, 2026, as part of a broader five-nation European tour that also encompassed the UAE, the Netherlands, and Italy. The visit marked the first time an Indian Prime Minister had travelled to Norway in over four decades. In Sweden, the two countries elevated bilateral relations to a Strategic Partnership and adopted a Joint Action Plan for 2026-2030, focusing on economic and security resilience, emerging technologies, trusted connectivity, and sustainability-linked cooperation. In Norway, India and Norway elevated their bilateral relationship to a Green Strategic Partnership, marking a major expansion of cooperation across climate technology, renewable energy, maritime economy, digital systems, and innovation. At the 3rd India-Nordic Summit in Oslo, India and the Nordic countries decided to elevate their relationship to a Green Technology and Innovation Strategic Partnership. The visit signals India’s determination to build future-oriented partnerships across Europe’s northern frontier.

Continue Reading Pushing Boundaries: India and Nordic Region Forge Ahead with Strategic, Economic, and Green Collaboration
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Whether payment made pursuant to an Arbitral Award followed by a Court Decree be liable to GST ? Analysis of landmark Bombay High Court Judgment

There are moments in tax litigation when the revenue administration machinery seems to lose sight of first principles. The Bombay High Court judgment in Tata Sons Private Limited v. Union of India & Others, pronounced on April 30, 2026, is one such moment. The Court’s firm, unambiguous rejection of a INR 1,524 crore Goods and Services Tax (“GST“) demand will be cited for years as a corrective to a particular species of over-reach that has afflicted indirect tax administration in India.

Continue Reading Whether payment made pursuant to an Arbitral Award followed by a Court Decree be liable to GST ?  Analysis of landmark Bombay High Court Judgment
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UPI Goes Global: The Regulatory Reckoning Ahead

Summary: India’s push to internationalise UPI promises faster, cheaper, and more seamless cross-border payments, while also exposing deep regulatory and legal issues. This article explains why real-time payment speed is outpacing compliance frameworks across spanning foreign exchange rules, AML/KYC obligations, data localisation, and supervisory oversight and why resolving these tensions is critical for UPI’s global scalability. For regulators and financial institutions, it highlights what must evolve for cross-border digital payments to succeed.

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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.

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

Continue Reading From Awareness to Advertising: Re-examining the GLP-1 drug boundaries (Part 1)
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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.

Continue Reading FIG Paper No. 56 : Payments Vision 2028: Way Forward
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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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