The Reserve Bank of India (RBI) has issued the "Reserve Bank of India (Commercial Banks - Compliance Function) Directions, 2026," effective from July 31, 2026. Key highlights: 🔹 Governance & Oversight: The Board of Directors holds overall responsibility for managing compliance risk and must conduct quarterly reviews of the compliance function. The MD & CEO is charged with ensuring the function remains independent. 🔹 Independence is Mandatory: The Compliance Department must be strictly...

SEBI's insider trading framework has evolved from a reactive enforcement tool into a proactive governance discipline. This latest NSE Circular (Ref: NSE/CML/2026/19 dated August 07, 2026) is a textbook example of that shift. On the surface, it reads as "suggested best practices." Read between the lines, and it's NSE signaling that the days of loosely maintained UPSI records are numbered. 𝗪𝗵𝗮𝘁 𝘁𝗵𝗲 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗔𝘀𝗸𝘀 𝗙𝗼𝗿: 1️⃣ A structured digital database — not just of UPSI...

Foreign companies enter India as a Wholly Owned Subsidiary, a majority-owned Subsidiary, or a minority-held Associate/Joint Venture (20-50%, "significant influence" under Sec 2(6) or >50% control under Sec 2(87), Companies Act 2013). Whatever the structure, a defined set of post-incorporation compliances begins the moment the company is incorporated and foreign capital comes in. 𝗖𝗢𝗠𝗠𝗢𝗡 𝗧𝗢 𝗔𝗟𝗟 𝗦𝗧𝗥𝗨𝗖𝗧𝗨𝗥𝗘𝗦 (𝗪𝗢𝗦, 𝗦𝘂𝗯𝘀𝗶𝗱𝗶𝗮𝗿𝘆, 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲, 𝗝𝗩)...