Author name: Jehani Legal

Creation and Invocation of Pledge of Securities through the Depository System On 5 February 2026, the Securities and Exchange Board of India (“SEBI”) issued a circular to strengthen and standardise the framework governing the creation and invocation of pledges of securities through the depository system operated by National Securities Depository Limited and Central Depository Services […]

Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2026 – Regulation of AI-Generated and Synthetic Content Background and Regulatory Context On 10 February 2026, the Ministry of Electronics and Information Technology notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2026 (“Amendment Rules”) under the Information Technology Act,

SEBI Permits Transfer and Dematerialisation of Physical Securities. IntroductionOn 30th January 2026, the Securities and Exchange Board of India (“SEBI”) issued a circular introducing a one-time regulatory framework to enable the transfer and dematerialisation of physical securities for which transfer deeds executed prior to 1 April 2019 remained unprocessed. Issued under SEBI’s Ease of Doing

UNION BUDGET 2026KEY REFORMS AND IMPLICATIONS FOR BUSINESSES Background and Policy Context On 1 February 2026, the Hon’ble Finance Minister of India presented the Union Budget 2026–27 (“Budget”), outlining the Government’s strategy to accelerate economic growth, strengthen domestic manufacturing, deepen capital markets and simplify regulatory compliance. The Budget is anchored around three broad policy objectives:

Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 – Key Changes & Implications Background and Regulatory Context On 13 January 2026, the Reserve Bank of India (“RBI”) notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (“2026 Regulations”) under the Foreign Exchange Management Act, 1999 (“FEMA”).

RBI Foreign Exchange Management (Guarantees) Regulations, 2026 – Key Changes & Implications Background and Regulatory Context On January 06, 2026, the Reserve Bank of India (“RBI”) notified the Foreign Exchange Management (Guarantees) Regulations, 2026 (“Guarantee Regulations”) under the Foreign Exchange Management Act, 1999 (“FEMA”), by way of an official Gazette notification. Subsequently, on January 12,

SEBI (Stock Brokers) Regulations, 2026 – Key Changes & Implications On January 07, 2026, the Securities and Exchange Board of India (“SEBI”) notified the SEBI (Stock Brokers) Regulations, 2026 (“New Regulation”), replacing the long-standing SEBI (Stock Brokers) Regulations, 1992(“Old Regulation”) with a modernised regulatory framework. These Regulations came into force upon publication in the Official

SEBI Reclassifies REITs as Equity-Related Instruments Introduction The Securities and Exchange Board of India (“SEBI”) has issued a circular dated 28 November 2025 titled “Reclassification of Real Estate Investment Trusts (“REITs”) as Equity-Related Instruments for Facilitating Enhanced Participation by Mutual Funds (“MF”) and Specialised Investment Funds (“SIFs”). This regulatory change will take effect on 1

MCA Notifies Revised Thresholds for Classification of Small Companies Introduction The Ministry of Corporate Affairs (“MCA”) has issued the Companies (Specification of Definition Details) Amendment Rules, 2025, through a notification dated 1 December 2025. These rules amend the Companies (Specification of Definition Details) Rules, 2014 and take effect from the date of their publication in