The Ministry of Finance (Department of Economic Affairs) on 12 June 2026, notified the Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026 (‘Amendment Rules’), amending the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (‘NDI Rules’). The Amendment Rules constitute the third amendment in the FEMA liberalisation cycle for the year 2026, following the first and second amendments, which respectively relaxed restrictions on investments from countries sharing a land border with India and liberalised foreign investment in the insurance sector opening the sector up till 100% under automatic route. The third amendment is yet another attempt to widen the gate for the Indian economy. For years, access to India's listed securities market was reserved specially for a defined class amongst which are foreign portfolio investors (FPIs) and non-resident Indians (NRIs) and overseas citizens of India (OCIs), this time the liberalisation is into the Indian capital markets.
The 2026 Steel import Regulation of the European Union (EU) (‘2026 Regulation’),[1] which came into force on 1 July 2026, is not simply a continuation of earlier Steel Safeguard measures[2] applicable since 2018, but it indicates a decisive shift in the EU’s approach to regulate its steel imports in the coming years. With lowering of tariff-rate quotas (TRQs), higher out-of-quota duties and proposal for stricter origin requirements, the 2026 Regulation goes beyond the WTO’s temporary safeguard regime to a more permanent industrial policy governing steel imports into the EU. In particular, the 2026 Regulation reduces the EU's tariff-free steel quota by ~47%, doubles the out-of-quota duty from 25% to 50%, and introduces a new ‘melt and pour’ traceability requirement.
Various State Benches of the Goods and Services Tax Appellate Tribunal (‘GSTAT’) have recently become operational, and questions relating to jurisdiction between the Principal Bench and the State Benches have begun to arise in practice. While Section 109 of the CGST Act specifies certain categories of cases to be dealt with exclusively by the Principal Bench, early orders of the Principal Bench indicate that jurisdictional issues are not always straightforward.
The Ministry of Corporate Affairs has proposed amendments to the Companies (Incorporation) Rules, 2014 through a public notice dated 8 April 2026, inviting public comments on the draft Companies (Incorporation) Amendment Rules, 2026.
The recent decision of the Madras High Court in the case of Sangeetha Caterers and Consultants LLP v. Rasnam Foods Pvt Ltd and Ors. represents a watershed moment in Indian intellectual property jurisprudence with respect to the interplay between infringement and passing off in trademark law. Referring to the Trade Marks Act, 1999 and the Commercial Courts Act, 2015, the case provides a nuanced exploration of the intersection between franchise contracts, statutory trademark rights, and the common law doctrine of passing off.
The South American Nation of Peru, through its Embassy in New Delhi, filed an application under Section 11 of the Geographical Indication of Goods (Registration and Protection) Act, 1992 (‘Act’), seeking registration of the Geographical Indication (‘GI’) PISCO for an alcoholic beverage manufactured in Peru. The Asociacion De Productores De Pisco A.G. (‘ADP’) filed an opposition against Peru’s application.
This article examines recent initiations across various categories in the light of shifting trends in Indian trade remedy investigations. The article also examines empirical trends across type, nature, country and sectors targeted by these actions.
With the coming into force of the new labour codes on 21 November 2025, the revised definition of ‘wages’ has assumed critical importance for the computation of statutory dues. The definition adopts a bifurcated structure, clearly distinguishing between inclusions and exclusions, and the notional wage amount on the basis of which social security contributions and other statutory benefits are required to be paid.
The QCO represents a significant regulatory intervention aimed at aligning domestic manufacturing with global quality benchmarks while protecting consumers and strengthening industrial competitiveness.
The article examines the statutory framework governing adjusted total turnover, the characterization of SEZ-DTA supplies under GST and SEZ law, and the tension between legal theory and practical implementation.
Force Majeure has gained its spot back on the front-page news once again within the same decade due to the ongoing war in West Asia. Last invoked at this scale during the pandemic, Force Majeure is no longer a boiler plate clause, many times overlooked at the time of signing of any contract.
In this article, the authors have discussed the concept of updated returns, the changes proposed by Union Budget 2026, its impact and the hits and misses of the amendment.
On 16 February 2026 the Reserve Bank of India notified Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 which amends the provisions of the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (‘New Framework’), revamping the regulatory framework for external commercial borrowings (‘ECB’) in India.
The revised framework seeks to address long standing ambiguities arising under Press Note 3 of 2020 (‘PN-3’), while simultaneously advancing the objectives of ease of doing business and facilitating increased foreign capital inflows into select manufacturing led sectors.
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