Ergo Update
Draft amendments to the Telecom Cybersecurity Rules: Strengthening cybersecurity or regulatory overreach
On 24 June 2025, the Ministry of Communications published draft amendments (Draft Amendment) to the Telecommunications (Telecom Cyber Security) Rules, 2024 (Cybersecurity Rules) issued under the Telecommunications Act, 2023 (Telecom Act), inviting stakeholder comments until 24 July 2025.
Simplifying the approval process for Related Party Transactions
ISF in consultation with SEBI, issued the revised Industry Standards on Minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transactions (RPT Industry Standard) through SEBI circular dated 26 June 2025 in supersession of the February Standard.
Financing a new era of risk, regulation and reform – RBI Project Finance Directions, 2025
RBI has long shaped India's project financing landscape through numerous regulations addressing time overruns, classification norms for projects under implementation, and various prudential guidelines, resulting in a complex regulatory framework. To standardise project financing norms across all regulated entities, the RBI issued the Reserve Bank of India Project Finance Directions, 2025 ("Directions") on 19 June 2025.
Factories (Gujarat Amendment) Ordinance, 2025: Key takeaways
With an intent to grant relaxation to the factories situated in Gujarat as regards work time regulations, thereby boosting economic activities, attracting investments and generating employment, the Labour, Skill Development and Employment Department of Gujarat promulgated the Factories (Gujarat Amendment) Ordinance, 2025 on 1 July 2025 (Ordinance).
DoT clarification of ‘International’ and ‘Domestic’ SMS: Key takeaways for telcos, telemarketers, enterprises and OTTs
In the present digitally connected era, messages sent through ‘Short Message Service’ (SMS messages) are heavily relied upon for personal, transactional and commercial communications.
CERC proposes introduction of Virtual Power Purchase Agreements
The Central Electricity Regulatory Commission (CERC) has through its Public Notice bearing No. L-1/257/2020/CERC dated 17 June 2025 released the draft CERC (Power Market) (First Amendment) Regulations, 2025 (Draft Power Market Amendment Regulations) inviting comments / suggestions / objections from stakeholders on or before 14 July 2025.
New compliance requirement for transfer of dematerialised shares of private companies
The National Securities Depository Limited (NSDL), through its circular no. NSDL/POLICY/2025/0071 dated 3 June 2025 (Circular), has introduced an additional compliance requirement for transfers of shares held in private companies.
DPIIT notifies draft Copyright (Amendment) Rules, 2025 - mandates online payment of License Fees
On 4 June 2025, the Ministry of Commerce and Industry, Department for Promotion and Industry and Internal Trade under its powers under Section 78 of the Copyright Act, notified the draft Copyright (Amendment) Rules, 2025 (Proposed Amendment) vide notification G.S.R. 370 (E), introducing Rule 83A in the Copyright Rules, 2013.