Author name: Jehani Legal

MSMED Amendment Bill: Key Reforms and Implications for MSMEs  The Micro Small and Medium Enterprises Development Bill, 2026 (“Amendment”) has been passed by the Lok Sabha on 7th August, 2026, subsequent to its passing by the Rajya Sabha on 3rd August, 2026. The Micro, Small and Medium Enterprises Development Act, 2006 (“MSMED Act”) was enacted […]

Corporate Update | SEBI Cautions Investors on Transactions in Securities of Unlisted Public Limited Companies Through Unauthorized Platforms  The Securities and Exchange Board of India (”SEBI”), through Press Release No. 32/2026 dated 17 June 2026, has issued an investor advisory cautioning against transactions in the securities of unlisted public limited companies through unauthorized websites and electronic platforms.  The advisory follows SEBI’s

India Broadens Portfolio Investment Framework for Overseas Individuals  Ministry of Finance Expands Eligibility under FEMA Non-Debt Instruments Rules  The Department of Economic Affairs, Ministry of Finance, has notified the Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026 (“Amendment Rules”) under the Foreign Exchange Management Act, 1999 (“FEMA”), the principal legislative framework regulating foreign exchange

SEBI revises Nomination Framework for demat accounts and mutual fund folios  Introduction  The Securities and Exchange Board of India (“SEBI“), through its circular dated 29 May 2026 (“Circular“), has introduced significant revisions to the nomination framework applicable to demat accounts and mutual fund folios. The amendments are aimed at simplifying investor onboarding, facilitating ease of investment and reducing the incidence of unclaimed financial assets

MERE EXCLUSION OF NATURAL HEIRS WILL NOT RENDER A WILL SUSPICIOUS: SUPREME COURT UPHOLDS WILL IN FAVOUR OF SISTER, EXCLUDING WIFE AND CHILDREN Introduction The Hon’ble Supreme Court of India, in a significant ruling on testamentary law, reaffirmed that the mere exclusion of legal heirs from a Will does not, by itself, render it suspicious

SEBI Streamlines PPM Filing for AIFs: No Prior Comments Required, 30-Day Timeline Introduced Introduction The Securities and Exchange Board of India (“SEBI“) issued a circular dated April 30, 2026, addressed to all Alternative Investment Funds (“AIFs“) and Merchant Bankers, introducing a fast-track mechanism for the processing of Private Placement Memorandums (“PPMs“) filed with SEBI. A

Ease of Doing Business: SEBI Rationalises Reporting Requirements for Stock Brokers Introduction The Securities and Exchange Board of India (“SEBI”), vide circular dated 23 March 2026, has introduced measures to enhance ease of doing business by rationalising the reporting requirements applicable to stock brokers. The circular modifies relevant provisions of the SEBI Master Circular for

Statutory Minutes Matter: ROC Imposes Penalty for AGM Record-Keeping Non-Compliance Introduction The Registrar of Companies (“ROC”), Chhattisgarh, in an adjudication order passed under Section 454 read with Section 118(11) of the Companies Act, 2013 (“the Act”), imposed penalties on a company and its officers for failure to properly maintain minutes of Annual General Meetings (“AGMs”)

Ministry of Corporate Affairs introduces Companies Compliance Facilitation Scheme Introduction On 24 February 2026, the Ministry of Corporate Affairs has issued a notification vide General Circular No. 01/2026 introducing the Companies Compliance Facilitation Scheme, 2026 (“Scheme”).The Scheme provides a one-time opportunity for companies to regularise pending statutory filings with additional fees and specified immunity from penalty proceedings. Effective Period The

Escalation in West Asia – Legal & Transactional Implications for Indian Businesses Background and Context Recent geopolitical escalation involving Iran, Israel and the United States has significantly heightened instability in the Gulf region, particularly around the Strait of Hormuz, a critical global energy and shipping corridor. India remains structurally exposed to developments in this region