India Corporate Regulatory Watch

FEMA Circular Rationalisation

• 🔥 Withdrawal of Obsolete Circulars: RBI has withdrawn multiple outdated FEMA circulars via A.P. (DIR Series)...

RBI's simultaneous June moves point to a coordinated compliance overhaul for banks:

• Forex risk rules finalised with April 2027 effective date, 9%...

SEBI has released a consultation paper reviewing margin trading facility alongside risk management rules in the cash market. The paper specifically references Clause 4 of Chapter 1 in the Master Circular, addressing eligible collaterals.

Press Note 2, 2026 extends the beneficial ownership test to portfolio investments in listed Indian companies under FEMA, making government approval...

SEBI now permits AIFs to retain liquidation proceeds beyond fund life in specified cases, closing a long-standing winding-up gap.

• Fund structuring...

SEBI's Informal Guidance Note permits appointment of a promoter's cousin as an independent director, holding that such relationship falls outside the...

SEBI's new guidelines permit AIFs to retain liquidation proceeds beyond the permissible fund life, granting fund managers greater flexibility in...

India's 2026 amendments to the FEMA non-debt instrument rules expand investment access for foreign individuals and revise investment limits. This...

SEBI is reviewing short selling and securities lending and borrowing frameworks specifically to create inter-linkage between cash and derivatives...

RBI has released the Foreign Exchange Management (Authorised Persons) Regulations, 2026 via circular. Corporates and financial institutions must...

SEBI's circular operationalises the April 2026 amendment by clarifying categories of utilisation for InvIT borrowings, directly shaping leverage limits, fundraising flexibility and infrastructure financing structures.

Cross-Border Mergers Harmonization

• 🔥 RBI-MCA Alignment: RBI's 2026 Amendment aligns Cross-Border Merger Regulations with the MCA regime to...

RBI's revised framework now permits banks to extend loans to REITs and InvITs, including syndication by overseas branches of Indian banks. This...

RBI's decision to absorb full hedging costs on FCNR(B) deposits is boosting banking stocks and drawing fresh foreign currency inflows.

• Inflow...

SEBI's recent informal guidance on independent director eligibility receives close scrutiny against the legislative framework, with comparisons to...

RBI's amended Cross-Border Merger Regulations, effective June 5, 2026, now explicitly align with the MCA regime by recognizing mergers and...

SEBI's ₹15.15 lakh crore allegation against Rajesh Exports has exposed potential governance lapses and sparked regulatory scrutiny far beyond one company.

SEBI released its updated Master Circular for Alternative Investment Funds on June 3, 2026, a development directly relevant to fund structuring, compliance obligations and investor protection standards for interview discussions.

RBI FCNR(B) Swap Window Activation

• 🔥 Operational Guidelines Effective: RBI has issued operational guidelines effective June 8 for the FCNR(B)...

MIIs like exchanges and depositories wield quasi-regulatory power through rulebooks that bind market participants on membership, penalties,...