We are pleased to announce that Saumya Kakar has joined S&R Associates as a retained partner in the Firm’s Mumbai office.
Month: June 2026
Deemed Conveyance under the MOFA: The 2025 Amendment and Its Implications under RERA
Under the existing framework, a promoter/developer is obligated to execute a conveyance deed in favor of the co-operative housing society, company, or association of flat purchasers transferring all rights, title, and interest in immovable property comprising of project land, together with the structures erected thereon. In practice, this obligation has been routinely defaulted, withholding legal ownership and thereby undermining title certainty, impeding redevelopment prospects, and depriving flat purchasers of their rights over common areas. The Government of Maharashtra has recently notified the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) (Amendment and Validation) Act, 2025 (“MOFA Amendment 2025”), introducing significant reforms to the statutory framework governing the deemed conveyance mechanism. This note sets out an analytical overview of the deemed conveyance framework under MOFA and assesses the key amendments introduced by the MOFA Amendment 2025, placing particular emphasis on the rights of conveyance in projects registered under RERA.
Enhancing Liquidity and Ease of Doing Business for REITs and InvITs in India
Recent changes to the regulatory framework for REITs and InvITs have primarily focused on enhancing the liquidity of REIT/InvIT units and ease of doing business measures. This note provides an overview of such changes during the second half of the financial year 2025-2026.
Key Takeaways from the Supreme Court’s Decision in Amazon.com v. CCI
The Supreme Court has recently set aside a INR 2 billion penalty imposed by the Competition Commission of India (“CCI”) in 2021 upon Amazon for alleged gun-jumping and non-disclosure. This update sets out the key takeaways from the Supreme Court’s judgement, including its prioritization of substance over form in filings with the CCI, and the requirement for the CCI to act within the bounds of the Competition Act as well as comply with the principles of natural justice.
M&A Opportunities in the Indian Insurance Sector: FEMA Rules Notified
The Government notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026 (“FEMA NDI Amendment Rules”) on May 2, 2026 to operationalize its earlier decision to amend the Consolidated Foreign Direct Investment Policy of 2020 with respect to the insurance sector. The FEMA NDI Amendment Rules complement the changes proposed under amendments previously made to insurance laws and foreign investment rules related to Indian insurance companies.
This note explores key changes introduced pursuant to the FEMA NDI Amendment Rules and discusses potential effects on the M&A market in the Indian insurance sector – such as the possibility of greater management and operational control by foreign investors andthe extension of the liberalized regime to insurance intermediaries driving inbound foreign investment into technology-led insurance infrastructure and ‘embedded’ insurance ecosystems.
Investing in India: An Overview of Legal Considerations – 2026 Checklist
Foreign investment continues to play a crucial role in India’s economic growth, with total FDI inflow (since April 2000) crossing USD 1.14 trillion. FDI received during April 2024-March 2025 (the highest in last three financial years) and April-December 2025 represent notable year-on-year increases.
This note examines certain key legal considerations for foreign investors investing in India and highlights recent updates in the legal framework.