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.
India is one of the world’s fastest-growing economies, with a steadily liberalised regulatory framework and strong policy support for foreign investment. Most sectors permit 100% FDI under the automatic route, and investors can choose from multiple entry options,...
Compliance with India’s foreign investment regulations is now more critical than ever. The Enforcement Directorate has initiated a number of investigations, especially in the fintech, e-commerce and similar sectors, where the purpose of foreign investment is...
Download .pdf In the case of Concentrix CVG Customer Management Group, Inc. v. Deputy Commissioner of Income Tax (ITA No. 7727/Del/2017 & Ors., order dated September 30, 2025), the Income Tax Appellate Tribunal, Delhi (the “Delhi ITAT”), ruled that Concentrix CVG...
We have prepared an easy to reference slide deck on the ban on online money games and its impact on the gaming industry in India. Download .pdf
Download .pdf The Bar Council of India (the “BCI”) notified the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022 (the “Erstwhile BCI Rules”), in March, 2023, permitting foreign lawyers and law firms to...
On August 14, 2025, the Reserve Bank of India (“RBI”) released the draft Foreign Exchange Management (Guarantees) Regulations, 2025 (“Draft Regulations”) for public comments. The Draft Regulations seek to replace the Foreign Exchange Management (Guarantees)...