The Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026: A Structural Reconfiguration of India’s External Commercial Borrowing Framework
On February 16, 2026, the Reserve Bank of India (“RBI”) notified the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 (“Amended Regulations”). The Amended Regulations formalise and codify the extensive changes to the External Commercial Borrowing (“ECB”) regime, which was previously governed by the Master Direction – External Commercial Borrowings, Trade Credits and […]
Amendment to the Companies (Specification of Definition Details) Rules, 2014
The Ministry of Corporate Affairs (MCA), vide its notification dated December 01, 2025, has amended the Companies (Specification of Definition Details) Rules, 2014 (“Rules”). A substitution has been introduced under Rule 2(1)(t) of the Rules, resulting in a revision to Section 2(85) of the Companies Act, 2013 (“Act”), whereby the financial thresholds for classifying “small […]
Amendment to the Companies (Meetings of Board and its Powers) Rules, 2014
The Ministry of Corporate Affairs (MCA) has, vide its notification dated November 03, 2025, amended the Companies (Meetings of Board and its Powers) Rules, 2014 (the “Rules”). A substitution has been effected under Rule 11(2) of the Rules, which is in respect of loans and investments made by a company under section 186 of the […]
Notification On Companies (Compromises, Arrangements And Amalgamations) Amendment Rules, 2025
The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 603(E) on 4 September 2025, to further amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. These new regulations, titled the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025, come into force on the date of their publication in the Official Gazette. The amendments […]
Notification under Section 14 of the Insolvency and Bankruptcy Code, 2016
In exercise of its powers conferred by clause (a) of sub-section (3) of section 14 of the Insolvency and Bankruptcy Code, 2016 (“IBC”), the Ministry of Corporate Affairs (“MCA”) notified that the provisions of sub-section (1) of section 14 of IBC, shall not apply where the corporate debtor has entered into any of the following transactions, arrangements or […]
MCA amends the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016
MCA, by exercising the powers conferred by sub-sections (1), (2) and (4) of Section 248 read with Section 469 of the Companies Act, 2013, has introduced further rules to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, namely:- In the Companies (Removal of Names of Companies from the […]
Master Directions on the Compounding of Contraventions under the Foreign Exchange Management Act, 1999 – Notified by RBI
The Reserve Bank of India (“RBI”), on April 22, 2025, notified revised Master Directions on the Compounding of Contraventions (“Master Directions”) under the Foreign Exchange Management Act, 1999 (“FEMA”), thereby superseding the previous directions issued on May 24, 2022 (“Erstwhile Directions”). The purpose of notifying the Master Directions is primarily aimed at: Key Highlights: In essence, these Master Directions […]
MCA further relaxes the levy of additional fees in the filing of e-forms AOC-4, AOC-4(CFS), AOC-4 XBRL, AOC-4 Non-XBRL, and MGT-7/ MGT-7A
The Ministry of Corporate Affairs vide General Circular no. 01/ 2022 dated February 14, 2022, has declared that no additional fees shall be levied up to 15.03.2022 for the filing of e-forms AOC-4, AOC-4(CFS), AOC-4 XBRL, AOC-4 Non-XBRL, and up to 31.03.2022 for filing of e-forms MGT-7/ MGT-7A in respect of the financial year ended on 31.03.2021 […]
Foreign Exchange (Compounding Proceedings) Rules, 2024
The Ministry of Finance (Department of Economic Affairs) vide its Notification dated 12th September, 2024 issued the Foreign Exchange (Compounding Proceedings) Rules, 2024 (“Amended Rules”) that supersede the Foreign Exchange (Compounding Proceedings) Rules, 2000 (“Erstwhile Rules”). While a large portion of the Erstwhile Rules remains untouched, key changes have been incorporated under Rule 4, apart from a newly […]
Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024
The Ministry of Finance has, by way of notification dated August 16th, 2024, amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (‘Principal Rules’) with effect from the date of the notification. The key amendments brought about by the amendment are set out below: 1.Definition of Control Pursuant to the amendment, the Principal Rules now provide for […]