The IBBI in its recent amendment to the IBBI (Insolvency Resolution Process for Corporate Persons), Regulations (CIRP Regulations) has introduced the requirements for disclosure of beneficial ownership and eligibility/non-eligibility for benefits of section 32A of Insolvency and Bankruptcy Code, 2016 by the prospective resolution applicants (PRAs) as part of submission of resolution plan.
The Supreme Court has reversed negative order of the Delhi High Court and has allowed deduction of non-compete fee paid by Sharp Business System on the ground that such non-compete fee payment was made to ensure that the taxpayer operated the business more efficiently and profitably and it does not result in creation of any new asset.
Ever since the labour codes – Code on Wages, 2019 (Wages Code), Code on Social Security, 2020 (SS Code), Industrial Relations Code, 2020 (IR Code), and Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code) – have been brought into effect on and from 21 November 2025, the industry has been grappling with several questions, whether on definitions or on other substantive aspects.
In its latest advisory issued on 29 December 2025, MEITY has addressed the hosting of Mature Content by such intermediaries with a view to curtailing the circulation of Mature Content by the intermediaries.
In a notable development, the Governor of Gujarat promulgated the Gujarat Shops and Establishments (Regulation of Employment and Conditions of Service) (Amendment) Ordinance, 2025 (Ordinance) through the Official Gazette on 16 December 2025.
On 20 December 2025, The Repealing and Amending Act, 2025 (Act) received assent of the President and was enacted into law.
The government of Rajasthan has recently released the Rajasthan GCC Policy aimed at positioning the state as a top destination for corporations looking to set up global capability centres.
In the case of CIT v Clifford Chance Pte Ltd, ITA 353-354/2025, a Division Bench of the High Court of Delhi (High Court) delivered a significant ruling rejecting the theory of virtual presence and held that fees received from India clients by an international law firm is not taxable in India.
On 3 November 2025, the Unique Identification Authority of India (UIDAI) updated its ‘Frequently Asked Questions (FAQs) on Aadhaar Data Vault (ADV) / Hardware Security Module (HSM)’ (FAQs), based on its revised ADV Circular dated 18 July 2025 (Circular).
MCA has significantly revised the financial thresholds for classifying a company as a "Small Company" under the Companies Act 2013, via the Companies (Specification of Definition Details) Amendment Rules, 2025, effective from 1 December 2025.
