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Maharashtra GCC Policy 2025: Operational Guidelines clarify Eligibility, Incentives and Compliance Requirements Introduction The Government of Maharashtra has introduced the Maharashtra Global Capability Centre (GCC) Policy 2025 (‘Policy’) to position the State as a leading destination for Global Capability Centres (GCCs), promote high-value investments and generate skilled employment. The Policy envisages attracting approximately 400 new […]

Delhi High Court stays Regulatory Directions against Reliance’s Campa “Energy Drink” Introduction The Hon’ble Delhi High Court, vide its order dated 6 October 2026, has granted interim relief to Reliance Consumer Products Limited (“RCPL”) in proceedings concerning its product “Campa Energy Drink – Gold Boost” and the regulatory action taken by the Food Safety and

Corporate Update | Supreme Court Lays Down Three-Stage Framework for attributing Mens Rea to Companies Introduction: In a landmark judgment delivered on September 7, 2026, in Sanofi India Ltd. v. Central Bureau of Investigation (Criminal Appeal No. 4250 of 2026), the Supreme Court of India filled a long-standing doctrinal gap in corporate criminal jurisprudence. It

REGULATORY UPDATE – Legal Metrology Rules amend Labelling Framework for Cosmetics & Toiletries The Ministry of Consumer Affairs, Food and Public Distribution, through the Legal Metrology (Packaged Commodities) Fourth Amendment Rules, 2026, has amended the labelling framework applicable to soap, shampoo, toothpaste and other cosmetics and toiletries. The amendment has been notified vide G.S.R. 826(E)

CBFC ISSUES REVISED GUIDELINES FOR FILM CERTIFICATION I. Introduction The Ministry of Information & Broadcasting (“MIB”) has notified the revised guidelines for Certification of Films for Public Exhibition under Section 5B(2) of the Cinematograph Act, 1952. The revised Guidelines supersede the framework notified vide S.O. 836(E) dated 6 December 1991, marking the first comprehensive revision

SEBI eases Regulatory Compliance for FPIs investing only in Government Securities  Introduction  The Securities and Exchange Board of India (“SEBI”) vide circular dated 7 September 2026  (“Circular”), has further eased the regulatory compliance requirements applicable to Foreign  Portfolio Investors (“FPIs”) investing exclusively in Government Securities (“G-Secs”).  The Circular modifies the Master Circular for Foreign Portfolio

MCA FURTHER EXTENDS COMPANIES COMPLIANCE FACILITATION SCHEME, 2026 UP TO 15 SEPTEMBER 2026 Introduction: In a major relief to corporate entities across India, The Ministry of Corporate Affairs (“MCA”), vide General Circular No. 04/2026 dated 31 August 2026, has further extended the validity of the Companies Compliance Facilitation Scheme, 2026 (“CCFS-2026” or “Scheme”) up to

 ₹22,000 Crore Debt Settled for ₹6.5 Crore: NCLT Approves Subhash Chandra’s Plan with 99.97% Haircut  Introduction  The National Company Law Tribunal (NCLT) has recently approved a repayment plan submitted by Zee Group founder Subhash Chandra in his personal insolvency proceedings. Under the approved plan, Chandra will pay approximately ₹6.5 crore against admitted creditor claims of

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