Swiggy, India’s leading food delivery and quick commerce, company ran into some turbulence in its attempt to make certain corporate governance changes and convert to an Indian owned and controlled company under Indian foreign exchange regulations. Indian domestic institutional investors blocked the resolutions.
Please go through our slide deck to understand the facts and learn about pitfalls that public companies should avoid when handling sensitive regulatory matters.
Download .pdf Background India is a key destination for cross-border investments, acquisitions and commercial transactions. In this regard, several foreign law firms partner or collaborate with Indian law firms and financial advisors or act independently to...
Download .pdf On May 2, 2026, the Indian government notified two (2) amendments to the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the “NDI Rules”) to align the NDI Rules with the below listed changes introduced in India’s Foreign Direct Investment...
India’s Ministry of Electronics and Information Technology (“MeitY”) has recently proposed the establishment of the Online Gaming Authority of India (the “Authority”) under the Promotion and Regulation of Online Gaming Act, 2025, thereby seeking to create a dedicated...
Download .pdf The Indian government is currently evaluating a landmark policy shift that could allow Foreign Direct Investment (“FDI”) in inventory led e-commerce models, specifically for export purposes. Historically, India has maintained a strict prohibition on FDI...
India’s Central Board of Direct Taxes (“CBDT”) has recently clarified that gains arising from the transfer of investments made prior to April 1, 2017 will not be subject to GAAR, irrespective of when such transfers take place. This clarification comes in the backdrop...
Download .pdf Last month, the Reserve Bank of India (the “RBI”) notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (the “2026 Regulations”), which will come into effect from October 1, 2026. The 2026 Regulations...