News Flash
Mobile Phone Manufacturing Scheme
On 21 August 2026, the MeitY notified the MPMS, which provides fiscal incentives akin to production-linked incentives to boost mobile phone manufacturing in India and promote the growth of Indian mobile phone brands. This News Alert summarizes the key features.
Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026 | Expansion of Investor Category
The RBI has issued the FEM (Non-Debt Instruments) (Third Amendment) Rules, 2026 marking notable liberalisation of India’s portfolio investment framework
Highlights of the Foreign Exchange Management (Authorised Persons) Regulations, 2026
On 26 December 2023, the RBI issued a draft authorisation framework for Authorised Persons under FEMA, and after incorporating stakeholder feedback, notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 on 30 April 2026, effective upon publication in the official gazette. Our Newsflash summarizes the key aspects of these regulations.
ECB Returns | AP Dir Series Circular No. 25
The Reserve Bank of India (“RBI”) has issued A.P. (DIR Series) Circular No. 25 dated 30 March 2026, introducing certain amendments to the Master Direction – Reporting under FEMA with respect to ECB returns. Our News Flash captures the highlights of these changes.
Foreign Direct Investment from Countries sharing Land Border with India | Press Note 2 of 2026
Press Note 3 of 2020 required government approval for all investments from countries sharing land borders with India to prevent opportunistic takeovers during the pandemic. Press Note 2 of 2026 revises this framework by allowing non-controlling investments from such countries under the automatic route, while adding safeguards on beneficial ownership and reporting.
Draft Reserve Bank of India (NBFC – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026
On 10 February 2026, the RBI issued Draft Amendment Directions to the 2025 framework for NBFCs, set to take effect on 1 April 2026 once finalized. Our News Flash summarizes the highlights of the draft.
Foreign Exchange Management (Export & Import of Goods & Services) Regulations 2026
Reserve Bank of India through its notification dated 13 January 2026, has issued the Foreign Exchange Management (Export & Import of Goods & Services) Regulations, 2026, superseding previous regulations. Our News Flash summarizes the key provisions and provides an in-depth comparison of these regulations with the earlier ones.
Union Budget 2026 | Regulatory Reforms
The Hon’ble Finance Minister of India presented the Union Budget 2026 where some key regulatory reforms were announced. Our News Alert summarizes the key reforms for you. Do reach out to us if you have any questions.
Foreign Exchange Management (Guarantees) Regulations, 2026
The Reserve Bank of India through its notification dated 6 January 2026, has issued the Foreign Exchange Management (Guarantees) Regulations, 2026 (“FEMA 8(R)”, thereby superseding the previous regulations. This News Flash summarises the key aspects of these regulations.
Regulatory Prism | January 2026 | Outbound investments from India
We are pleased to introduce the first edition of Regulatory Prism, a newsletter that articulates our perspectives on key regulatory subjects. In this inaugural edition, we examine outbound investments from India, highlighting recent trends and certain practical challenges which, if addressed, could make this investment route significantly more attractive for investors.
Happy reading!
Maharashtra Industries, Investment and Services Policy 2025
The Maharashtra Industries, Investment and Services Policy, 2025 has set a bold vision to transform Maharashtra into a global business destination, driving sustainable growth through massive investments, world-class infrastructure, and inclusive opportunities for industries and services. Our News Flash highlights the key features of this policy.
Companies (Appointment and Qualification of Directors) Amendment Rules, 2025 | Revised KYC process for Directors
On 31 December 2025, the Ministry of Corporate Affairs promulgated the Amendment Rules revising compliance obligations for Directors holding a valid DIN, which shall take effect from 31 March 2026. Our News Flash summarizes the amendments Companies Act for you.