Author name: Jehani Legal

Impact of the 2026 Amendments on Co-operative Housing in Maharashtra  The Maharashtra Co-operative Societies (Amendment) Rules, 2026 (‘Rules’), notified on June 18, 2026, represent a significant effort by the state government to modernise and specialise the legal framework governing housing societies. The most critical structural change is the introduction of Chapter XI-B, which contains provisions […]

 Companies Cannot Profit from Administrative Failure in ESOP Issuance  Introduction  A Bombay High Court ruling has made it clear that companies can’t use their own mistakes to dodge paying what they promised. The court said a firm can’t skip out on equity-based compensation pledges just because they never drew up a formal Employee Stock Option

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”)