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

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 1.1.1. RBI flags FATF updates on high-risk and increased-monitoring jurisdictions Reserve Bank of India (“ RBI ”) summarised outcomes of the Financial Action Task Force (“ FATF ”) Plenary held from October 22, 2025, to October 24, 2025, for Anti-Money Laundering and Combating the Financing 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. Centre authorises Regional Provident Fund Commissioners to exercise Section 14AC powers under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 Ministry of Labour and Employment authorised Regional Provident Fund Commissioners (RPFCs) to exercise the powers of

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 issues draft Guidelines to facilitate faster cross-border inward payments Reserve Bank of India (“ RBI ”) published a draft circular on October 29, 2025, to facilitate faster cross-border inward payments, aligned with the Group of Twenty (G20) roadmap a

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 publishes Payment System Report, June 2025 Reserve Bank of India (“ RBI ”) released its bi-annual Payment Systems Report for the half-year ended June 2025. Digital payments formed 99.8 per cent (ninety-nine point eight per cent) of transaction volume.

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. Pension Fund Regulatory and Development Authority issues consultation paper on alignment of valuation guidelines with the core objectives of long-only funds Pension Fund Regulatory and Development Authority (PFRDA) issued a consultation proposing a dual valuation framework for Government Securitie

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 and Conciliation 1.1. Power and Energy 1.1.1. Supreme Court rules arbitral tribunal cannot rewrite contract terms The Supreme Court held that a tribunal cannot rewrite a contract and treat the parties unfairly, and upheld the decision of the Orissa High Court to set aside an arbitral award of INR 995 Cror