S&R Associates

Recent Representation: Bertelsmann India Investments

S&R Associates represented Bertelsmann India Investments

RBI Eases Investments by FPIs in Corporate Debt Securities

The Reserve Bank of India recently issued a circular on Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route (“RBI Circular”) on May 08, 2025, to withdraw short term investment limits and concentration limits, applicable on investments by FPI in corporate

Regulatory Initiatives on ESG Disclosure Requirements in India

Regulatory initiatives to build the legal frameworks around environmental, social, and governance (“ESG”) disclosures in India, while still nascent, are not of recent origin. Various regulators have gradually introduced requirements aimed at enhancing transparency and fostering corporate responsibil

[S&R AI Focus] India’s Concerns About Deepseek and Possible Regulatory Responses

Large language models (“LLMs”) connected with DeepSeek, OpenAI’s ChatGPT, and xAI’s Grok, have faced significant regulatory attention in recent times. In particular, DeepSeek’s LLMs and artificial intelligence (“AI”)-based chatbots have been prohibited, restricted, and/or extensively reviewed by sev

Implementation of the Environment (Construction and Demolition) Waste Management Rules, 2025 by Proj

The Environment (Construction and Demolition) Waste Management Rules, 2025 (“Construction Waste Rules”) have been recently notified as a response to growing concerns about construction dust pollution from projects across India. The Construction Waste Rules set out an integrated framework for waste m

Recent Representation: State Bank of India and seven listed private sector banks

S&R Associates is representing State Bank of India and seven listed private sector banks, namely HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited, Axis Bank Limited, IDFC First Bank Limited, Federal Bank Limited and Bandhan Bank Limited

Recent Representation: AKM Enterprises

S&R Associates represented AKM Enterprises

Regulatory Updates: Environmental Law (January to March 2025)

Issue 1 of 2025 of our Quarterly Newsletter on Environmental Law covers key judicial and regulatory developments between the months of January and March 2025. In respect of judicial updates, Issue 1 includes judgements and orders of the Supreme Court, High Courts and the National Green Tribunal rela

Misleading Advertisements: A Cautionary Tale on Advertisement of Consumer Goods and Services

Misleading advertisements in India have been a growing concern, particularly in sectors like healthcare, pharmaceuticals, food and consumer goods, where exaggerated or false claims can have serious consequences. This note provides an insight into the legal and ethical implications of misleading adve

Recalibrating Compliance: Legal Implications of SEBI’s Revised Listing Regulations for HVDLEs

The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) provide for the various compliance actions and reporting requirements for entities who have listed equity shares or other specified securities and/or non-convertible

Recent Representation: Carrefour

S&R has advised Carrefour

Recent Representation: Cerberus Capital Management, L.P.

S&R Associates represented Cerberus Capital Management, L.P.

Updated Master Direction on Foreign Investment in India: Clarifications to the Regulatory Framework

The Reserve Bank of India recently issued an updated Master Direction on Foreign Investment in India (“Master Direction”) on January 20, 2025 to clarify various aspects in the regulatory framework for inbound investments. The Master Direction provides significant regulatory clarifications on foreign

Evaluating the Regulatory Framework Governing Executive Compensation in Listed Companies

Executive compensation in listed Indian companies is determined through a three-stage process involving the Nomination and Remuneration Committee (“NRC”), the Board of Directors, and shareholders. The NRC identifies candidates, formulates a remuneration policy, and submits recommendations to the Boa

S&R Associates Welcomes New Partner

We are pleased to announce that Savani Gupte has joined S&R Associates as a retained partner in the Firm’s Mumbai office.

Reciprocal Tariffs: What Can India Expect?

The recent announcement of reciprocal tariffs by the U.S. government, aimed at addressing trade imbalances and reinforcing domestic economic security, marks a significant shift in global trade policy. As India remains a key trading partner of the U.S., these tariffs are expected to reshape bilateral

Regulatory Updates: Clean Energy (October 2024 to January 2025)

Issue 1 of 2025 of our Quarterly Roundup Series on Clean Energy covers the period between October 2024 and January 2025. This Issue tracks key regulatory developments in the covered period involving solar and wind generation, green hydrogen/ammonia production, EVs, tariff, and connectivity, and incl

The Legal Framework for Nuclear Energy in India: The Way Ahead

Despite significant progress made by India with respect to renewable energy, its nuclear power capacity remains relatively small. Recognizing the necessity of nuclear energy deployment to achieve net-zero targets, including the advantages that such deployment offers over renewable sources of power,

Recent Representation: Roadstar Infra Investment Trust

S&R Associates represented Roadstar Infra Investment Trust

Regulatory Updates: RERA (October to December 2024)

This Quarterly Roundup pertains to cases related to Real Estate Regulation Act, 2016 (“Act/RERA”) for the period between October and December 2024. Issue 1 sets out a compilation of selected judgements, orders and circulars for the covered period, highlighting recent legal developments influenced by

Fast Track Mergers in India: Feasibility and Key Legal Challenges

The Companies Act, 2013 introduced the Fast Track Merger route for certain companies as an alternative to the cumbersome National Company Law Tribunal (NCLT) process. This note outlines the procedural requirements, analyzes recent amendments aimed at strengthening and broadening the Fast Track Merge

Recent Representation: Piramal Investment Advisory Services Limited

S&R Associates is representing Piramal Investment Advisory Services Limited

FPI Investments in the Indian Debt Markets: An Overview

Investments in debt securities in India by non-residents require compliance with an array of Indian foreign exchange and securities regulations. Overseas investors intending to invest in debt instruments in India typically do so either under the Reserve Bank of India’s (“RBI”) framework for external

Strengthening Diligence for a Secure Mortgage Lending

Mortgages on immovable property is a preferred and most common form of collateral for both retail and corporate borrowers. Recognizing inherent property risks, lenders typically conduct a legal due diligence, often through external counsel, who issue a title search report (“TSR”) that scrutinizes th

Investing in India: An Overview of Legal Considerations – 2025 Checklist

Foreign investment continues to play a crucial role in India's economic growth with India achieving the milestone of having received USD 1 trillion of foreign direct investment since April 2000. While the cumulative FDI received in the financial years ended March 31, 2023, and March 31, 2024 remaine

Recent Representation: the Book Running Lead Managers

S&R Associates represented Kotak Mahindra, Morgan Stanley India, Jefferies India and Motilal Oswal Investment Advisors, book running lead managers

Recent Representation: NSE Investments Limited

S&R Associates is representing NSE Investments Limited

Greenwashing: An Overview

Companies are responding to rising global demands for environmentally safe products and sustainable practices. However, unverified and unsubstantiated claims in relation to sustainability records and climate change commitments can lead to allegations of ‘greenwashing’ if such marketing tactics are d

[S&R Data+] Navigating Data Minimization Requirements under India’s DPDP Act

While the provisions of India’s Digital Personal Data Protection Act, 2023 (“DPDP Act”) and its rules are yet to be notified, organizations need to prepare for a new set of compliance obligations and plan ahead. In large part, the DPDP Act follows global regulatory templates like the EU’s GDPR and e

Recent Representation: Ennov SAS

S&R Associates represented Ennov SAS