Business Law and Corporate Law

Section 31(7) of the Arbitration and Conciliation Act, 1996 (“the Act”) governs arbitrator's power to award interest. Section 31(7)(a) covers pre-award/pendente lite interest (subject to party agreement), while section 31(7)(b) covers post-award interest. Courts have consistently held that these provisions operate separately, with arbitrator having absolute discretion while awarding future interest however, bound by parties’ agreement (if any) with respect to pre- award period.

This website disclaimer outlines the terms under which users may access information about AZB & Partners law firm. The notice addresses Bar Council of India regulations prohibiting solicitation and advertising, while establishing that user access is voluntary and does not create an attorney-client relationship.

The Reserve Bank of India has introduced significant amendments to cross-border merger regulations, replacing NCLT approval requirements with a broader 'Competent Authority' framework. These changes align foreign exchange management rules with the Companies Act 2013, while new payment system authorisation guidelines establish perpetual validity for compliant operators and restrict investments from FATF non-compliant jurisdictions.

1. Applicability – Under the Payment and Settlement Systems Act, 2007 (“PSS Act”), no person can operate a payment system without an authorisation issued by RBI in accordance with the PSS Act. PS directions are applicable only on entities applying for authorisation or authorised to operate a payment system under the PSS Act. Such authorisation is based on an ‘on-tap basis’

The package comprises two parallel tracks: (a) amendments to the master directions in relation to the undertaking of financial services applicable to each regulated entity respectively; and (b) amendments to the master directions governing responsible business conduct (RBC) applicable to each regulated entity respectively, which introduce comprehensive requirements on advertising, marketing, sale, and conduct, including an express prohibition on compulsory bundling, a codified mis-selling framework with mandatory refunds, and regulation of dark patterns.

An Initial Public Offering represents far more than a capital-raising milestone—it is a comprehensive legal, regulatory, and governance transformation requiring seamless coordination between promoters, merchant bankers, legal counsel, and auditors.

1. Applicability – Under the Payment and Settlement Systems Act, 2007 (“PSS Act”), no person can operate a payment system without an authorisation issued by RBI in accordance with the PSS Act. PS directions are applicable only on entities applying for authorisation or authorised to operate a payment system under the PSS Act. Such authorisation is based on an ‘on-tap basis’

The package comprises two parallel tracks: (a) amendments to the master directions in relation to the undertaking of financial services applicable to each regulated entity respectively; and (b) amendments to the master directions governing responsible business conduct (RBC) applicable to each regulated entity respectively, which introduce comprehensive requirements on advertising, marketing, sale, and conduct, including an express prohibition on compulsory bundling, a codified mis-selling framework with mandatory refunds, and regulation of dark patterns.

Reserve Bank of India (“RBI”) through notification no. FEMA 389(1)/2026-RB dated 29.05.2026, published on 05.06.2026, notified the Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026 (“CBM Amendment Regulations”) to amend the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 (“CBM Regulations”).

This article examines the need for statutory reservation of seats for women in Bar Councils in India. It analyses the current under-representation of women in legal governance structures, the constitutional and policy justifications for affirmative action, and the potential benefits of greater gender diversity for the legal profession and the justice delivery system.

The Industrial Relations Code, 2020 (Act No. 35 of 2020) came into force on 21st November, 2025, consolidating three foundational labour statutes. The Code represents a significant structural...

The Madurai Bench of the Madras High Court has delivered a significant judgment that transcends the immediate facts of an anticipatory bail application to address the systemic marginalisation...