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 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...
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...
Download .pdf India’s Union Budget (the “Budget”) for the financial year 2026-27 was announced on February 1, 2026, and the Finance Bill, 2026 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will undergo discussion in Parliament before its...
Download .pdf On December 21, 2025, the Indian government published the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 (the “Amendment Act”) in the official gazette for general information. The Amendment Act, once notified, will introduce...