Following the Indian Supreme Court decision in March 2020 (see our update on the ruling here), under which the ban on cryptocurrencies was lifted, the Indian government brought out the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.
Although this bill was to be taken up for discussion in the winter session, it has been deferred due to representations made by the crypto industry.
India’s Digital Personal Data Protection Act, 2023 imposes a consent requirement prior to processing of personal data and also gives a right to the consent giver to withdraw consent and have the data erased. The draft Digital Personal Data Protection Rules, 2025,...
Download .pdf Dematerialization of physical securities of shareholders before filing the DRHP The Securities and Exchange Board of India (the “SEBI”) has, recently, approved amendments to the SEBI (Issue Capital and Disclosure Requirements) Regulations, 2018 (the...
Download .pdf On June 11, 2025, the Department of Economic Affairs, Ministry of Finance, Government of India issued Notification S.O. 2549(E) (“2025 Notification”) amending Rule 7 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (the “NDI...
Download .pdf Introduction In the recent case of Vijaya Bank & Anr. v. Prashant B. Narnaware (2025 INSC 691), India’s Supreme Court (the “SC”) examined the validity of an employment bond, which requires an employee to pay liquidated damages to the employer in case...
Download .pdf Introduction In Kalyani Transco v. M/s Bhushan Power and Steel Ltd. (2025 INSC 621), the Supreme Court (the “SC”) set aside the approved resolution plan (the “Resolution Plan”) and directed liquidation of Bhushan Power and Steel Ltd. (“BPSL”) negating...
Download .pdf The Bar Council of India (the “BCI”) has, recently, revised and re-notified the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022 (the “Revised BCI Rules”). The Revised BCI Rules aim...