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Maharashtra State permits investment of Public Trust funds in specified securities Introduction In exercise of powers under Section 35 read with Section 3 of the Maharashtra Public Trusts Act, 1950 (“Act“), the Charity Commissioner, Maharashtra State, Mumbai, has issued Circular No. 619 dated 21st July, 2025[1] (“Circular“), granting general permission to trustees of public trusts

GIFT City, India’s International Financial Services Centre (“IFSC”), has created a new pathway for outbound corporate investment. Under the Overseas Portfolio Investment (“OPI”) route, eligible Indian entities can invest in foreign securities up to 50% of their net worth, significantly exceeding the individual Liberalised Remittance Scheme (“LRS”) cap of USD 250,000 per year. Introduction Legal

MCA notifies rules streamlining Fast-Track Mergers, Amalgamations, Divisions and Transfers Introduction With a view to streamlining the process of fast-track Mergers and Amalgamations (“M&A”) under Section 233 of the Companies Act, 2013 (“Act”), the Ministry of Corporate Affairs (“MCA”) has vide its Notification No. G.S.R. 603(E) dated 04th September 2025, introduced changes to The Companies

Hon’ble Supreme Court: Arbitration Clause Binding Even in an Unsigned Contract if Parties Act Upon Its Terms Citation: Civil Appeal No. 11067 of 2025 Introduction The Hon’ble Supreme Court of India, through its decision in Glencore International AG v. Shree Ganesh Metals & Anr. reaffirmed India’s pro-arbitration stance by ruling that an arbitration clause is

AN OVERVIEW OF THE PROMOTION AND REGULATION OF ONLINE GAMING BILL, 2025: HIGHLIGHTS AND POTENTIAL DISADVANTAGES Introduction The Promotion and Regulation of Online Gaming Bill, 2025 (“Online Gaming Bill, 2025”) is a comprehensive and forward-looking framework to regulate and promote India’s expanding online gaming sector. The Online Gaming Bill, 2025 was introduced in the Lok

SUPREME COURT OF INDIA CLARIFIES: TERRITORIAL JURISDICTION UNDER NI ACT LIES WHERE PAYEE MAINTAINS BANK ACCOUNT, NOT WHERE CHEQUE IS DEPOSITED Introduction   The Hon’ble Supreme Court of India (“SC”), in Prakash Chimanlal Sheth v. Jagruti Keyur Rajpopat (2025 INSC 897), has by its order dated 25th July 2025, declared that territorial jurisdiction under Section

Hon’ble Supreme Court: Will That Unjustifiably Disinherit Spouse May Be Legally Questionable Citation: 2025 INSC 866 Introduction In a landmark ruling dated 18 July 2025, the Supreme Court in Gurdial Singh v. Jagir Kaur[1] invalidated a Will that excluded the testator’s legally wedded wife without any stated reason. The Court held that unexplained disinheritance of

SUPREME COURT OF INDIA CLARIFIES: PARTNERSHIP WITH TWO OR MORE PARTNERS DOES NOT DISSOLVE ON DEATH IF THE PARTNERSHIP DEED PROVIDES FOR CONTINUITY Introduction   The Hon’ble Supreme Court of India (“SC”) in Indian Oil Corporation Limited & Ors. v. M/s Shree Niwas Ramgopal & Ors. Special Leave Petition (Civil) No. 1381 of 2025 has

The Insolvency and Bankruptcy Board of India introduces amendments to the Corporate Insolvency Resolution Process Regulations. Introduction With a view to strengthening transparency, accountability, and the treatment of avoidance transactions in the Corporate Insolvency Resolution Process (“CIRP”), the Insolvency and Bankruptcy Board of India (“IBBI”) has, by its press release dated July 8, 2025, Press