Articles

SEZ Rules amended to ease regulatory burden for funds in GIFT-IFSC

The article discusses the Special Economic Zones (Fourth Amendment) Rules, 2026 which has been notified by Ministry of Commerce and Industry to ease regulatory burden of funds. The changes made by the Amendment Rules are relevant for funds and Fund Management Entities (‘FME’) established in an International Financial Services Centre (‘IFSC’).

Vinod Joseph+127 Oct 2026

Intellectual Property All Industries

From Moore market to Madras HC: Curious case of possession, preservation, and ownership in TCRC v. Ganga Rudraiah

Can the act of preserving history generate proprietary rights over it? The article discusses recent decision of Division Bench of the Madras High Court which revisits the question in the context of film preservation and archival stewardship. The decision serves as a reminder that while preservation may safeguard a work for future generations, it does not, in itself, transfer the intellectual property rights embedded within it.

Divya Vishvapriya +126 Oct 2026

General Corporate All Industries+1

SEBI (Portfolio Managers) Regulations, 2026: A comparison with the 2020 Regulations

The article discusses the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026 (‘PMS Regs 2026’), which were approved by the Securities and Exchange Board of India (SEBI) at its 215th Board meeting. The new regulations replace the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020 (‘PMS Regs 2020’’), that are currently in force.

Vinod Joseph+323 Oct 2026

When the Executive clarifies but the Courts disagree: Revisiting the binding nature of CBDT Circulars in Samtex Fashions Ltd.

The article analyses the long-standing debate in Indian tax law: what happens when the Central Board of Direct Taxes (‘CBDT’) adopts one interpretation of a provision, but the courts adopt another. It discusses the recent Supreme Court decision in the case of Samtex Fashions Ltd., relating to availability of a deduction under Section 80HHC of the Income Tax Act, 1961 in respect of export quota premium. According to the authors, the CBDT Office Memorandum dated 23 February 1998 deserved a purposive and liberal construction and thus instead of being treated as an impermissible attempt to override the statute, it could legitimately have been regarded as an interpretative aid reflecting the broader legislative objective of extending Section 80HHC relief to export-linked incentives.

S. Vasudevan+223 Oct 2026

Securities Law All Industries+1

SEBI approves proposal to amend Regulation 25 to offer its protection to investors in all types of AIFs

The article discusses the SEBI amendment in (Alternative Investment Funds) Regulations, 2012 to extend the protection currently available only to investors of alternative investment funds (‘AIF’) set up as a trust, to investors of all forms of AIFs.

Vinod Joseph+114 Oct 2026

Search Articles

Privity of contract and locus with a source of income – A test of diversion by overriding title
Prachi Goel
Understanding composite supply under GST
Devanu Roy Choudhury

Complete archive