Updated ECB Framework – Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026

Feb 25, 2026

The Reserve Bank of India has significantly amended the framework for external commercial borrowings for Indian companies.  This will enable Indian companies, including subsidiaries of foreign companies, to borrow higher amounts for shorter timelines.  Please go through our PPT for more information.

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India’s insurance sector reforms – key highlights

Jan 9, 2026

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...

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Primer on Doing Business in India – 2026 Update

Jan 5, 2026

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,...

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Why FEMA compliance in India should not be taken lightly?

Oct 24, 2025

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...

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Delhi ITAT rejects the “Back-Office = PE” equation

Oct 10, 2025

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...

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