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On May 14, 2025, the Supreme Court or SC passed a key judgement in the case of Vijaya Bank v. Prashant Narnaware on the legality of service bonds in employment contracts. Service or employment bonds (“Employment Bonds”) refer to contractual agreements wherein an employee agrees...
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Section 4(2)(a)(ii) of the Competition Act, 2002 (“Act”) forbids the abuse of dominance by organizations, specifically through the predatory pricing of goods and services. On May 6, 2025, the Competition Commission of India (“CCI”) amended certain definitions of the cost benchmarks that are used in...
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In May 2021, the Securities and Exchange Board of India (“SEBI”) introduced the Business Responsibility and Sustainability Reporting (“BRSR”) framework. As the first mandatory Environmental, Social and Governance (“ESG”) disclosure framework in India, BRSR prioritises transparency, accountability, and sustainable business practices.
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Indian labour laws classify the workforce into workers and employees. In any dispute, it is necessary to determine whether the individual qualifies as a worker or employee. This, however, has practical challenges, especially in the case of individuals engaged through contractors who sometimes claim to...
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The Companies Act, 2013 (“Act”) prescribes comprehensive compliance requirements for organizations. It categorizes violations as civil or criminal, subject to penalties or fines and/or imprisonment. Prior to 2018, most violations under the Act were criminal in nature, often resulting in onerous and severe penalties for...
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