India: Directors and Officers

A modest regulatory penalty can sometimes carry a larger transaction lesson. The recent adjudication order involving Fyle Technologies Private Limited is a good example. The Registrar of Companies, Bengaluru, penalised the company and four of its directors for approving share transfers in physical form even though the transferors had not first dematerialised their holdings.

A common misconception holds that insolvency moratoriums protect everyone associated with a distressed company, but the Supreme Court's ruling in the Mantri Manyata Energia Project case clarifies that Section 14 of the Insolvency and Bankruptcy Code protects only the corporate debtor itself. What happens when promoters, directors, personal guarantors, and landowners face separate proceedings while the company undergoes Corporate Insolvency Resolution Process, and how do courts determine whose obligations

Is corporate governance merely a formal compliance exercise, or does it represent a genuine framework for accountability and responsible decision-making? This article examines the legal foundations of corporate governance in India under the Companies Act, 2013 and SEBI regulations, exploring whether governance mechanisms operate meaningfully in practice or exist only on paper.

India's Ministry of Corporate Affairs has launched the Companies Compliance Facilitation Scheme, 2026, offering defaulting companies a narrow 90-day window to clear backlogs with up to 90% fee waivers, transition to dormant status, or exit the registry at concessional rates. Will your company seize this strategic reset opportunity before the July 15 deadline triggers aggressive enforcement actions and director disqualifications?

India's Corporate Laws Amendment Bill 2026 represents the most comprehensive overhaul of the Companies Act 2013 and LLP Act 2008, fundamentally transforming compliance obligations for company secretaries. The legislation shifts procedural defaults from criminal to civil penalties while simultaneously tightening accountability for directors and key managerial personnel, creating a new compliance landscape that balances deregulation with enhanced governance standards.

India’s Digital Personal Data Protection Act, 2023 (“DPDP Act”) represents one of the most significant regulatory developments affecting corporate governance, data privacy compliance and risk management in recent years. While many organisations initially viewed the legislation as a technology or legal compliance issue, the DPDP Act has rapidly emerged as a boardroom concern requiring active involvement from directors, chief executive officers, managing directors and senior management.

Entrepreneurs in India face a critical decision when choosing between sole proprietorship and private limited company structures. This comprehensive legal comparison examines liability protection, taxation implications, compliance requirements, and growth potential to help business owners select the structure that aligns with their risk tolerance and long-term objectives.

MCA had introduced significant amendments to the DIR-3 KYC (a form for periodic KYC compliances for directors) compliance framework vide notification dated 31.12.2025 ("Amendment").

The enactment of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 marks another major step in the evolution of India’s insolvency regime. Published in the Gazette of India on 6 April 2026...