BUSINESS LAW DIGEST
ED attaches INR30.8bn of Reliance Ambani group assets over India fraud
The Enforcement Directorate has provisionally attached INR30.8 billion in Reliance Anil Ambani Group assets over allegations of loan diversion and fraud
RBI aims to simplify rules on external commercial borrowing
RBI proposes easing external borrowing rules under FEMA 1999
MeitY invites comments over India’s draft rules on deepfakes
MeitY seeks stakeholder feedback on draft IT Rules to regulate deepfakes, AI-generated content, and synthetic media misuse
SEBI probe clears Adani group of Hindenburg allegations
SEBI’s final report found no violations or market manipulation by Adani Group, rejecting Hindenburg’s allegations
BCI issues new press release on law firm tie-ups
The Bar Council of India (BCI) withdrew its 5 August press release naming Dentons Link Legal and CMS IndusLaw and issued a new one addressing law firm collaborations.
Bengaluru ED attaches INR4.2bn in properties over Ozone fraud
ED attaches INR4.2 billion worth of assets linked to Ozone Urbana Infra Developers in a money laundering probe
CCPA raps ride-hailing platform Rapido for misleading adverts
CCPA penalizes Rapido for misleading advertising and false service guarantees in its ride-hailing promotions
Proposed amendments to India’s legal metrology rules
Department of Consumer Affairs proposes fixed validity for model approvals under Legal Metrology Rules
Trump imposes USD100,000 payment on H1-B visa petitions
Trump imposes USD100,000 fee on new H-1B visa petitions, hitting Indian applicants hardest
RBI issues FREE-AI framework as roadmap for finance sector
RBI issues FREE-AI framework to embed ethical and responsible AI in India’s financial sector
RBI releases new rules on co-lending arrangements in India
RBI issues new co-lending rules effective January 2026 to streamline borrower protection and lender compliance
India, EAEU sign agreement to start free-trade talks
India and EAEU set framework to launch free-trade agreement talks
SRVA account holders can invest in India government securities
RBI permits SRVA account holders outside India to invest surplus balances in central govt securities, including treasury bills.
India’s new Online Gaming Bill set to change the game
India’s Online Gaming Bill 2025 targets e-sports and online gambling with strict penalties
New RBI directions for novation of OTC derivative contracts
RBI proposes new guidelines for novation of OTC derivative contracts to ensure transparency, consent, and risk transfer
IBBI seeks comments to ensure integrity of CIRP changes
IBBI seeks public input on CIRP changes to boost transparency and eligibility checks
US visa interview waiver policy ends with few exceptions
US Tightens Visa Interview Waiver Policy for H-1B and B1 Applicants, Increasing In-Person Interview Requirements and Wait Times
Income tax law updates streamline provisions for modern times
India Passes Income Tax (No.2) Bill 2025, Simplifying Law and Streamlining Tax Provisions
US imposes extra 25% tariff on India for buying Russian oil
US to impose 25% tariff on Indian imports over Russian oil resale from 27 August 2025
SEBI seeks comment on regulating credit rating agencies
SEBI proposes reforms to credit rating rules, targeting non-regulated activities and transparency
CCI probes Asian Paints over anti-competition allegations
The CCI has launched a probe into Asian Paints following allegations of market abuse by Birla Paints
