Corporate Law

Anyone who wants to set up a non profit organisation in India can choose between three main legal structures: a trust, a society, or a Section 8 company. Each is registered under a different law, has its own governance model, and suits different kinds of work, so choosing the right form at the start saves a great deal of difficulty later. This guide compares the three options and outlines the registration process, documents and tax steps involved. If you are weighing a non pr

A private limited company is the most popular structure for startups and growing businesses in India because it offers limited liability, a separate legal identity and easier access to funding. Registering one is now a fully online process through the SPICe+ form on the Ministry of Corporate Affairs portal, under the Companies Act, 2013. This guide walks through the requirements, the documents and the steps, from obtaining digital signatures to receiving the certificate of in

The Insolvency and Bankruptcy Code (Amendment) Act, 2026, which received Presidential assent on April 6, 2026, represents the most significant overhaul of India's insolvency framework since the IBC was first enacted in 2016. With 72 sections and sweeping changes across the resolution and liquidation processes, the amendment introduces project-wise insolvency for real estate, a group insolvency framework, cross-border cooperation mechanisms, and compressed liquidation timeline

The Insolvency and Bankruptcy Code (Amendment) Act, 2026, which received Presidential assent in April 2026, represents the most significant structural overhaul of India's insolvency framework since the IBC was enacted in 2016. The amendment reshapes critical elements of the insolvency process, including admission timelines, withdrawal rules, committee of creditors (CoC) oversight, liquidation supervision, and avoidance transactions. It also introduces entirely new chapters on

The National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT Mumbai Bench's order admitting an insolvency petition against Prime Focus Limited, a listed media technology and entertainment services company. The NCLT had admitted the petition filed by Reliance Alpha Services Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, on May 6, 2026, alleging a financial debt of Rs 353.79 crore arising from a 2019 Loan Agreement. Prime Focus immediate

The Corporate Laws (Amendment) Bill, 2026, introduced in Lok Sabha on March 23, 2026, proposes sweeping changes to both the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. With 107 clauses, this is one of the most comprehensive corporate law reform exercises since the Companies Act itself was enacted. The Bill has been referred to a Joint Parliamentary Committee for detailed examination. Key themes include decriminalisation of minor offences, expansion of

On 5 February 2026, the National Company Law Tribunal (NCLT) in Delhi admitted India's first major shareholder class action under Section 245 of the Companies Act, 2013, reviving a remedy that had remained virtually unused for nearly a decade since its introduction. The petition by minority shareholders of Jindal Poly Films Limited (JPFL) alleges value diversion of approximately Rs 2,500 crore (about USD 300 million) through related party transactions that moved company asset

The National Company Law Appellate Tribunal (NCLAT) recently set aside an insolvency order passed by the NCLT against Embassy Developments Private Limited, highlighting a critical procedural irregularity: the same bench had passed divergent orders on the same issue. This decision has significant implications for insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016, particularly regarding judicial consistency and the obligations of adjudicating authoriti

The Gujarat High Court has held that the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, bars a lessor, including a statutory authority, from terminating a lease or initiating eviction proceedings against a corporate debtor during the Corporate Insolvency Resolution Process. In Gujarat Industrial Development Corporation v. Gujarat Hydrocarbons and Power SEZ Limited, the Court upheld that leasehold rights constitute property protected under Section 3(2

The National Company Law Appellate Tribunal (NCLAT) in a recent decision quashed insolvency proceedings initiated against Embassy Property Developments Private Limited in its capacity as a corporate guarantor. The case raised important questions about the conditions under which insolvency proceedings can be triggered against corporate guarantors under the Insolvency and Bankruptcy Code, 2016 (IBC), and whether creditors can bypass the principal borrower to directly pursue the

In Gloster Cables Ltd. v. Fort Gloster Industries Ltd., decided on January 22, 2026, the Supreme Court of India held that the National Company Law Tribunal (NCLT) cannot adjudicate disputes over trademark ownership under the Insolvency and Bankruptcy Code, 2016 (IBC), unless the dispute is directly tied to the insolvency resolution process. The Court ruled that determining title between rival claimants to a trademark falls outside the NCLT's limited jurisdiction under the IBC

The National Company Law Tribunal (NCLT) Mumbai Bench has admitted an insolvency petition filed by Reliance Alpha Services Private Limited against Prime Focus Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition alleges a financial debt of Rs 353.79 crore arising from a 2019 Loan Agreement. Prime Focus Limited, a prominent media and entertainment technology company, has challenged the order before the National Company Law Appellate Tribunal (NCLAT

The National Company Law Appellate Tribunal (NCLAT) in May 2026 dismissed the appeals filed by Vedanta and cleared the path for Adani Enterprises' approximately Rs 14,500 crore resolution plan for Jaiprakash Associates Limited. The Committee of Creditors had approved the Adani resolution plan in November 2025 with over 93 percent voting support after a competitive bidding process. This order represents one of the largest corporate insolvency resolutions under the Insolvency a

The Insolvency and Bankruptcy Code (Amendment) Act, 2026, enacted in April 2026, introduces the most extensive reforms to India's corporate insolvency framework since the IBC was first enacted in 2016. The amendments introduce the Creditor-Initiated Insolvency Resolution Process (CIIRP) as an out-of-court resolution mechanism, establish a framework for group insolvency and cross-border insolvency for the first time, lower the voting threshold for the Pre-Packaged Insolvency R

The Ministry of Corporate Affairs (MCA) has notified the Companies (Accounting Standards) Amendment Rules, 2026, amending the Companies (Accounting Standards) Rules, 2021. These amendments update the Indian Accounting Standards (Ind AS) framework to align with recent changes in International Financial Reporting Standards (IFRS) and to address practical issues that have emerged in the application of existing standards. The amendments affect how companies account for specific t