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LatestAccounting And Audit 24 July 2026

India Law Updates

Recent developments in Indian law include amendments to the Insolvency and Bankruptcy Code, the impact of allied laws on corporate governance, changes to labor codes, and GST enforcement against small mining lease holders. These updates aim to improve regulatory frameworks and ensure compliance with international standards.

India Law Updates

The Indian government has introduced several key updates to its laws and regulations.
- The moratorium under Section 14 of the Insolvency and Bankruptcy Code has been amended to provide clarity on its scope and exceptions.
- Allied laws are increasingly impacting corporate governance in India, with a focus on maintaining financial integrity through statutory audits and internal audit functions.
- Changes to India's labor codes are reshaping compliance requirements for Global Capability Centers, emphasizing the importance of getting labor law compliance right to avoid retrofitting later.
- GST enforcement against small mining lease holders has been stayed by the Court, citing flawed notices and the need for justice in law enforcement.

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India Law Updates | Legal Suvidha