On February 16, 2026, the Reserve Bank of India (“RBI”) notified the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 (“ECB Regulations 2026”) easing out the process of External Commercial Borrowings (“ECB”). This ECB Regulations 2026 amendment represents a fundamental shift in India’s cross-border debt policy, transitioning from an administrative, approval-heavy system to […]

Effective February 20, 2026, any harmful or unlawful synthetically generated information posted online will attract penalty under the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2026 (“Rules“). “Synthetically generated information,” (“SGI”) shall include audio, visual, or audiovisual content created or altered with computer resources in a way that looks real or […]

Introduction The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a notification dated February 4, 2026 (“Notification”), in supersession of Gazette Notification No. G.S.R. 127(E) dated February 19, 2019, revising the framework for recognition of Startups and introducing specific provisions for Deep Tech Startups. Overview of Startup and Deep Tech Startup Framework […]

On November 21, 2025, India implemented four new Labour Codes: Code on Wages, 2019 Industrial Relations Code, 2020 Code on Social Security, 2020 Occupational Safety, Health & Working Conditions (OSHWC) Code, 2020. These four codes now replace 29 older central labour laws and are in effect from November 21, 2025. A comparative analysis of each […]

The Securities and Exchange Board of India (“SEBI”) issued a comprehensive Master Circular (“Master Circular”) dated July 11, 2025, consolidating the listing obligations and disclosure requirements for listed Non-Convertible Securities (“NCS”), Securitised Debt Instruments (“SDI”), and Commercial Paper (“CP”). This new regulatory framework replaces multiple earlier circulars and clarifications, providing a single, uniform reference point […]

The Securities and Exchange Board of India (“SEBI”) has released a consultation paper dated June 20, 2025, titled “Guidelines for Responsible Usage of AI/ML in Indian Securities Markets” (“Paper”), proposing a regulatory framework for the responsible usage of Artificial Intelligence (“AI”) and Machine Learning (“ML”) tools in the Indian securities markets. While AI/ML has the […]

In Mayur Desai v. State of Maharashtra (Writ Petition (L) No. 11502 of 2025), the Court took cognizance of the procedural inefficiencies and lack of transparency in MahaRERA’s functioning, particularly its continued reliance on virtual-only hearings post-pandemic. Emphasizing that access to justice is a constitutional right, not a technical convenience, the Court issued binding directions […]

RBI Introduces Holistic Framework for Digital Lending: RBI (Digital Lending) Directions, 2025 The Reserve Bank of India on May 8, 2025, has unveiled the RBI(Digital Lending) Directions, 2025(“Directions”), establishing a consolidated and enforceable regulatory framework for digital lending in India superseding earlier digital lending guidelines from 2022 and 2023. The Directions unify earlier circulars and […]

Clove Legal successfully represented a home-buyer in a Writ Petition filed before the Hon’ble Bombay High Court, whereby the Hon’ble Court while considering the common grievances of the home-buyers through our client, directed the Maharashtra Real Estate Regulatory Authority (MahaRERA) to review its Standard Operating Procedures (SOPs) and its Rules and Regulations for conducting effective […]

The Hon’ble Bombay High Court in its latest decision dated April 15, 2024, in the case of Awadhesh Kumar Parasnath Pathak Vs State of Maharashtra and Anr. held that while the Information Technology Act, 2000 (“IT Act”) is a special Act for addressing cybercrimes and has an overriding effect, it does not preclude the application […]