Open market share buybacks through exchanges gain a faster route, alongside eased fund borrowing and quicker AIF fundraising.
Reintroduction of open market share buybacks through stock exchanges provides companies with an additional mechanism for undertaking buybacks and is intended to ensure equitable opportunity and tax treatment for public shareholders. The measure is accompanied by a faster execution timeline for such buybacks. Relaxation of intra-day borrowing norms for mutual funds eases borrowing constraints, while a green-channel mechanism for alternative investment funds permits fundraising to begin within 10 working days of filing placement memorandums.

Initial public offer structure for Jio Platforms set as a fresh issue with price discovery through book building.
A proposed initial public offer of Jio Platforms is to be made by way of a fresh issue of up to 27 crore equity shares of face value of Rs 10 each. The Draft Red Herring Prospectus has been approved and is to be filed with the Securities and Exchange Board of India, BSE and the National Stock Exchange. The issue price will be determined through the book building process in accordance with SEBI regulations, subject to the required regulatory approvals.

Public offer classification of OFCD issuances and employee liability remain under challenge before the Supreme Court.
Securities law issues concerning the issuance of optionally fully convertible debentures (OFCDs) by Sahara India Commercial Corporation Ltd. are under challenge, with SEBI contesting a part of the Securities Appellate Tribunal's relief granted to four managers and the company secretary. The tribunal had treated the OFCD issuances as a public offer within SEBI's regulatory jurisdiction, while also distinguishing the position of employees from that of the directors who had authorised the prospectus and remained responsible as principals for acts done through their agent. SEBI has now challenged this limited relief before the Supreme Court.

Offer for sale structure drives National Stock Exchange's long-delayed public listing filing after regulatory hurdles ease.
National Stock Exchange filed preliminary papers for a proposed initial public offering structured entirely as an offer for sale by existing shareholders. The filing follows board approval and a no-objection certificate, after years of delay caused by regulatory concerns, including the co-location controversy and governance lapses. The exchange later made further compliance representations, appointed merchant bankers and other advisers, and pursued settlement in the unfair market access matter, with in-principle approval of that settlement described as removing a key obstacle to the proposed listing.

Aadhaar identity use questioned over alleged misuse as proof of citizenship, domicile and residential address.
A plea has challenged the alleged misuse of Aadhaar cards as proof of citizenship, domicile and residential address, seeking directions to limit their use strictly to identity verification. The matter concerns the permissible legal scope of Aadhaar-based identification and the need to prevent its use for purposes not authorised by the governing framework.

Aadhaar identity proof limits sought amid concerns over misuse for citizenship, address and voter enrolment
Restriction on the use of Aadhaar as an identity document was sought on the ground that it is being treated as proof of citizenship, domicile, residential address and date of birth despite the statutory and regulatory position that Aadhaar is only proof of identity. The plea asserted that misuse of Aadhaar for school admission, property transactions and issuance of other documents, as well as in voter registration forms, undermines the intended scope of Aadhaar and permits inclusion of persons without adequate supporting documents in official records.

Insolvency and Bankruptcy Code reform advances focus on cross-border insolvency, creditor-led resolution, and technology-driven restructuring.
A national conference on India's restructuring ecosystem marked a decade of the Insolvency and Bankruptcy Code and highlighted institutional capacity building through the convocation of insolvency professionals. The discussions stressed coordinated judicial, regulatory and institutional action for timely and value-maximising resolution, with cross-border insolvency, the UNCITRAL Model Law, the Creditor-Initiated Insolvency Resolution Process, pre-packaged insolvency, ADR, distressed asset markets, rescue financing and technology-driven reforms identified as key areas of future development.

Luxury residential hospitality redefined through a private rooftop restobar, resident-exclusive experiences, and integrated lifestyle ecosystems.
Luxury residential development is being repositioned around experience-led amenities rather than apartment size alone, with Horizon introduced as a private rooftop restobar at the crown of Raheja Imperia-I in Worli. The concept is presented as a resident-exclusive social destination on the 60th floor, designed to enhance privacy, prestige and lifestyle value within a residential address. The project is also described as part of a broader portfolio strategy centred on integrated lifestyle ecosystems and collaboration with a hospitality operator.

Aadhaar identity proof dispute seeks limits on its use for citizenship, address and voter registration verification.
A public interest plea seeks directions to ensure that Aadhaar is used strictly as proof of identity and not as proof of citizenship, domicile, residential address or date of birth. The petition invokes the Aadhaar Act, the Representation of the People Act and Article 14 to challenge Aadhaar-based verification in new voter registration forms, and alleges that the existing electoral verification mechanism is inadequate. It also seeks a comprehensive overhaul of the framework and a monitoring committee to oversee reforms.

Digital governance and Aadhaar access are highlighted as key tools for making public services more efficient and inclusive.
Digital governance in Delhi should demonstrate efficiency, inclusivity and accessibility, with institutions adapting to rising expectations for transparency and service delivery. An Aadhaar Seva Kendra was inaugurated to improve access to Aadhaar enrolment, biometric updates and related services. The availability of operational Aadhaar centres is part of the broader effort to make governance more accessible and transparent for residents.

Disclosure obligations under LODR are challenged over alleged non-disclosure of contingent liability in a demerger listing.
Sebi was urged to withhold the listing of Vedanta Iron and Steel Ltd. pending full disclosure of an alleged contingent liability linked to Goa iron ore mining operations. The complaint alleged that Vedanta Ltd. failed to disclose the liability in demerger documents and stock exchange filings, raising possible breaches of LODR disclosure obligations concerning material information and contingent liabilities. The request also sought a show-cause notice, a bank guarantee in favour of the Goa government, and an independent inquiry into the demerger scheme.

Fake identity documents and bank accounts allegedly used to run online fraud through a forged common service centre operation.
Alleged operation of a fake Common Service Centre and use of forged identity documents for opening bank accounts and facilitating online frauds. The activity was said to involve fake seals, fabricated records, debit and credit cards, mobile phones, and online payment platforms for illegal gains. A complaint linked to one bank account had earlier been registered on the National Cyber Crime Reporting Portal, and a case was registered under relevant provisions of the Bharatiya Nyaya Sanhita, the Information Technology Act and the Aadhaar Act.

Aadhaar issuance restrictions tighten in Assam with adult applications curbed and limited exceptions requiring state approval.
Aadhaar cards are to stop being issued in Assam to persons above 18 years, subject to limited exceptional cases requiring a district commissioner's proposal and state government approval. Aadhaar issuance will continue for persons below 18 years and, for the time being, for members of the Tea Tribe community, Scheduled Tribes, Scheduled Castes and persons with disabilities who have not yet received the document; the restriction is stated to become absolute for those communities above 18 years from April 1, 2027. The State says the measure is aimed at preventing illegal immigrants from obtaining Aadhaar cards.

SEBI enforcement and Aadhaar policy moves dominate a roundup of regulatory, possession, and bail-related legal developments.
SEBI moved the Supreme Court challenging a Securities Appellate Tribunal order granting relief to managers and a company secretary in the Sahara OFCD matter. The roundup also notes a decision to stop Aadhaar issuance to persons above 18 years of age, fresh bail applications in the 2020 Delhi riots case, and the Centre's physical possession of the Jaipur Polo Ground in Delhi.

Securities regulatory jurisdiction over debenture issuances and employee liability remains in focus in the SEBI challenge.
Securities regulatory jurisdiction over optionally fully convertible debentures was affirmed on the basis that the debentures issued by Sahara India Commercial Corporation Ltd. were treated as a public offer rather than a private placement, in view of the large-scale mobilisation of funds from a very large number of investors. The tribunal separately granted relief to four managers and the company secretary, holding that they could not be treated as liable for the company's acts merely by reason of their employment. SEBI has challenged only this part of the ruling before the Supreme Court.

Strategic divestment and transitional partnership reshape AXISCADES' aerospace engineering business through a two-tranche acquisition structure.
A strategic divestment programme has been announced for AXISCADES' Aerospace Engineering Services business, under which Akkodis is to acquire a controlling interest in two tranches, beginning with 51% and followed by the balance over the next 24 to 30 months. The transaction covers design, engineering analysis, certification support and lifecycle engineering services, and is subject to customary regulatory and competition law clearances. The parties are to act as strategic partners during the transition, with transitional services for systems, certifications and employee continuity.

Aadhaar issuance restriction targets adult applicants in Assam, with exceptional cases requiring state permission.
Aadhaar card issuance in Assam is being restricted for persons above 18 years of age to prevent illegal immigrants from obtaining the document. In exceptional cases, a district commissioner may send a proposal to the State government seeking permission for issuance.

Contingency fund use for routine pension payments raises questions over unforeseen expenditure limits and fiscal management.
Withdrawal from the Bihar Contingency Fund for pension payments was criticised on the ground that contingency money is meant only for unforeseen or emergent expenditure. The state's fiscal condition was described as strained, and the Bihar Contingency Fund (Amendment) Ordinance, 2025 was cited as allowing temporary enhancement of the fund up to 10 per cent of the annual expenditure budget.

Corporate law reform panel invites stakeholder views on amendments to companies and LLP governance rules.
The Joint Committee on the Corporate Laws (Amendment) Bill, 2026 has invited views and suggestions on its specific clauses from stakeholders and experts. The Bill proposes comprehensive amendments to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, aiming to improve the ease of doing business, decriminalise minor procedural defaults, and modernise corporate governance. Suggestions may be sent in English or Hindi to the Lok Sabha Secretariat or by e-mail within the stated deadline.

Stamp duty and registration reform focuses on clearer rules for restructuring, LLP, RERA transactions, and digital verification.
Simplification of legal provisions governing corporate restructuring, LLP, RERA-related transactions and stamp duty matters is directed to align the legal framework with changing economic and business requirements. The reform agenda includes review of stamp and registration procedures for mergers, demergers, amalgamation, acquisitions, changes in shareholding, housing cooperative societies and sale agreements, together with a clear and practical stamp duty structure based on best practices from other states. Modernisation measures include digital verification, paperless registration, digitisation of records, AI-based systems, geo-tagging and a standardised property valuation system.