Corporate Amicus, August 2026

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Article

GCC operational playbook: Mitigating regulatory and compliance risks in India

By Paritosh Chauhan and Snigdha Ghosh

GCCs have now evolved from cost-saving back offices into strategic centres for technology, research, analytics and customer experience. For most multinational companies, the question is no longer whether India makes sense for a GCC, the focus has shifted to how to get the legal and regulatory architecture right. The authors highlight some of the key legal issues that foreign investors commonly encounter, together with practical considerations for navigating them. They discuss issues relating to choosing the appropriate entity, maintaining corporate governance discipline, complying with FEMA and transfer pricing rules, addressing labour and employment obligations, implementing data protection frameworks, protecting intellectual property, and ensuring suitable contractual and dispute-resolution safeguards. The article stresses that proactive compliance and governance are essential for long-term success.

Notifications and Circulars

·         RBI introduces a comprehensive framework for recovery of loan dues and regulation of recovery agencies

·         RBI excludes advances against fresh FCNR(B) / NRE deposits from Adjusted Net Bank Credit

·         IRDAI mandates monthly submission of insurer data for the Index of Service Production

·         Companies (Indian Accounting Standards) Amendment Rules, 2026 notified

·         SEBI modifies Online Bond Platform Providers framework, including measures for promoting ease of doing business

·         SEBI permits add–back of debt–funded major maintenance expenses in NDFC computation for road InvITs

·         SEBI consolidates mutual fund registration application forms

·         SEBI enables sharing of KYC data by KYC Registration Agencies with IFSCA

·         SEBI permits digitally signed power of attorney from FPIs to custodians

Ratio Decidendi

·         Uncrystallised claims for damages cannot be treated as ‘operational debt’, and a continuing contract does not keep limitation alive – Supreme Court

·         A party cannot circumvent an earlier order excluding documents by introducing their contents through oral evidence – Supreme Court

·         Composite appeal against a common judgment in two suits is maintainable where both suits were filed by the same plaintiff and tried together – Supreme Court

·         Time-barred personal insolvency application can be rejected without appointing a resolution professional – NCLAT

·         Court fee cannot be finally determined at the stage of rejection of plaint where joint possession is pleaded – Supreme Court

News Nuggets

·         JPC backs corporate law reforms, easier startup homecoming

·         CCI approves Prudential’s acquisition of 75% stake in Bharti Life Insurance

·         CCI approves Tata Steel’s acquisition of additional stake in TM International Logistics

·         NCLT permits withdrawal of SpiceJet lessor’s insolvency plea after settlement

·         NCLT admits Reliance Entertainment Studios into insolvency