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 amendment directions on Responsible Business Conduct for NBFCs The Reserve Bank of India (“RBI”) has issued the Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Second Amendment Directions, 2026, streng

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 & Employment Law 1.1. West Bengal permits flexible working hours for shops and establishments The Labour Department of West Bengal has issued a notification granting an exemption to shops and establishments registered under the West Bengal Shops and Establishments Act, 1963 ("WBSE 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 nominates Sanjay Lohiya to Central Board The Reserve Bank of India (“RBI”) has announced that the Central Government has nominated Shri Sanjay Lohiya, Secretary, Department of Financial Services, Ministry of Finance, as a Director on the RBI Cent

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 Mediation 1.1. Commercial Contracts 1.1.1. Delhi High Court Rules Withdrawal of Civil Suit Does Not Bar Invocation of Arbitration Clause In a significant ruling reinforcing the autonomy of arbitration agreements, the Delhi High Court has held that the mere filing of an ea

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 & Employment Law 1.1. Bihar Repeals Shops and Establishments Act Following Implementation of Occupational Safety Code The Government of Bihar has promulgated the Bihar Shops and Establishments (Regulation of Employment and Conditions of Service) (Repeal) Ordinance, 2026, repealing the Bih

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. India and Cambodia launch cross-border QR-code payment connectivity The Reserve Bank of India (“RBI”), in collaboration with the National Bank of Cambodia, has launched the first phase of payment systems connectivity between India and Cambodia to enabl

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. Mining Industry 1.1.1. The Hon’ble Supreme Court holds that an unstamped Arbitration Agreement survives, and any objections must first be raised before the Arbitrator The Supreme Court has held that an arbitration agreement does not become invalid merely because i

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 & Employment Law 1.1. Ministry of Rural Development (MoRD) issues draft rules for digital payment of wages and unemployment allowance The Ministry of Rural Development (“MoRD”) has issued draft rules under the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2

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. Reserve Bank of India issues Amendment Directions introducing cooling-off period for Co-operative Bank Directors The Reserve Bank of India (“RBI”) has issued final Amendment Directions relating to governance of Urban Co-opera

The Corporate Laws (Amendment) Bill, 2026 (the “Bill”) introduces a comprehensive restructuring of the director and governance framework under the Companies Act, 2013, raising eligibility thresholds, tightening disqualification triggers, formalising the lifecycle of Director Identification Numbers, and materially expanding the scope of independent director obligations. Read together, these provisions mark a clear legislative intent: accountability at the board level is no lon