We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Regulatory Updates 1.1. India Reserve Bank of India (RBI) 1.1.1. RBI revises bank account details for FEMA compounding payments Reserve Bank of India (“ RBI ”) has amended its Master Directions on compounding of contraventions under the Foreign Exchange Management Act (FEMA), 1999 to change the bank account to which

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. ESIC Implements Code on Social Security 2020 with Expanded Family Benefi ts The Employees’ State Insurance Corporation (" ESIC ") has notified the implementation of the Code on Social Security, 2020, effective from November 21, 2025, following the Ministry of Labour and Employment

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. Centre notifies core provisions of Code on Social Security, 2020 The Ministry of Labour and Employment has appointed November 21, 2025 as the commencement date for most of the Code on Social Security, 2020, bringing into force the primary framework of the Code on Social Security, 2020 governing def

We are delighted to share this month's AKP Dispute Resolution Monthly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Arbitration Law 1.1. Healthcare Industry 1.1.1. Supreme Court held that the mere Use of the Word 'Arbitration' Does Not Create an Arbitration Agreement The Supreme Court has held that the mere repetition of the word "arbitration" in a contract clause is not sufficient to create a valid arbitration agreement if the clau

Introduction On 21 Nov 2025, the Ministry of Labour & Employment announced the implementation of the Four Labour Codes. The four laws namely- Code on Wages, 2019 and the Code on Social Security, 2020, Occupational Safety, Health and Working Conditions Code, 2020 and the Industrial Relations Code, 2020 have now been implemented. The move consolidated 29 laws into a unified framework. Key Highlights Replaces over two dozen statutes with four comprehensive Codes: The Code on Wag

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. Uttar Pradesh extends shops and establishments law to all districts under UP Dookan Aur Vanijya Adhishthan Adhiniyam, 1962 Uttar Pradesh cabinet has approved an amendment to the Uttar Pradesh Dookan Aur Vanijya Adhishthan Adhiniyam, 1962, extending its coverage from selected urban ar

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Regulatory Updates 1.1. India Reserve Bank of India (RBI) 1.1.1. RBI recognises Self-Regulated PSO Association as SRO for Payment System Operators Reserve Bank of India (“ RBI ”) recognised the Self-Regulated PSO Association (SRPA) as a Self-Regulatory Organisation (“ SRO ”) for Payment System O

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. ESIC orders 30-day compliance on pending CAG audit paras Employees’ State Insurance Corporation (ESIC) issued a Circular directing all accounting units to review and submit replies or compliance reports for all outstanding external-audit paras to the Comptroller and Auditor General (CAG) within 30 (

We are delighted to share this month's AKP Dispute Resolution Monthly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Contract law 1.1. Real Estate 1.1.1. Supreme Court Holds Tender Authority Cannot Introduce New Rejection Grounds Post-Decision The Supreme Court has held that a tender inviting authority cannot reject a technical bid on a ground not specified in the Notice Inviting Tender (“ NIT ”) and cannot later invent new reasons to