Introduction The Corporate Laws (Amendment) Bill, 2026, proposes consequential reforms to audit, valuation, and financial reporting regulation that fundamentally reconstitute the compliance landscape. National Financial Reporting Authority (“NEFRA”) would transition from a standards body into a fully empowered enforcement regulator with eleven new statutory powers. Insolvency and Bankruptcy Board of India (“IBBI”) would become India's first-ever Valuation Authority with cri

Introduction Modern family businesses in India are now using structured setups like family trusts, holding companies, and Special Purpose Vehicles (“SPVs”) to manage ownership, control, and succession within their complex family. As these businesses grow over time and across different sectors, family relationships, ownership rights, and business operations often start overlapping, which can lead to confusion and conflicts. A properly designed layered structure helps separat

The Quiet Risk in Wealth Conversations: What Happens When There Is No Plan? Most conversations around wealth tend to stop at its accumulation, with far less attention given to how that wealth is to pass on death, particularly in the absence of a will. Yet, it is precisely in such situations that the law assumes complete control. Where a person dies intestate, the devolution of their estate is not guided by intention or convenience, but by a predetermined statutory scheme th

Executive Summary On 09th February 2026, the Reserve Bank of India notified the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, effecting the most consequential recalibration of India’s External Commercial Borrowings (“ECB”) regime in over a decade. The amendments signal a decisive shift in regulatory philosophy from calibrated control to structural facilitation of cross‑border debt. For Indian corporates, private credit and specia

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. ESIC strengthens procurement Transparency Norms The Employment State Insurance Corporation (ESIC) has introduced significant reform aimed at ensuring greater transparency and fairness in its procurement process. Under the new directive, bidders, contractors, su

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. Reserve Bank of India (RBI) 1.1.1. RBI invites comments on capital adequacy amendment directions The Reserve Bank of India (“RBI”) has released draft amendment directions on capital adequacy with the objective of aligning Pillar 3 disclosure requirements with the Basel framework. The draft d

Introduction India’s insurance intermediary regime has gone through an important structural change.[1] The old model broadly worked on the basis that the certificate of registration had a three-year validity period and renewal fee had to be paid for continuation.[2] The amended law now shifts the system towards a continuing registration model, under which registration remains in force subject to payment of annual fee, unless it is suspended or cancelled by the Authority.[3] T

India's most successful business families share a common discipline: they plan ahead. The same instinct that drives careful capital allocation, governance structure, and succession within an enterprise deserves equal rigour when it comes to personal wealth. Trusts are among the most effective vehicles available for wealth preservation, succession planning, and asset protection in India. But a trust is only as effective as the thinking behind it and the single most consequen

The taxation of corporate guarantees under GST has been one of the most contested issues in Indian indirect tax law. The Bombay High Court’s landmark ruling in May 2026 has now brought significant clarity. This article answers the five most important questions businesses, CFOs, and tax practitioners are asking- in plain language, backed by the law and the latest judicial reasoning. 1. What Is a Corporate Guarantee in India? A corporate guarantee is a formal commitment by one

Every great business family has a founding story: the first factory, the first contract, a handshake that grew into an enterprise. What far fewer families have is an equally deliberate plan for what comes next, not the next quarter, but the next generation. If you were to step back from your business today and ask who inherits what, and in what proportion, would the answer reflect your intentions—or the law’s? For most business families in India, the honest answer depends e