Tag: Corporate Governance
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The Tata Sons Conundrum: Limits of the RBI’s Mandate
[Ananya Nagaraja is an Advocate enrolled with the Bar Council of Karnataka in 2025, practising independently. Her work spans general corporate advisory, financial regulation, and MSME Advisory] The Reserve Bank of India (“RBI”) introduced the Scale-Based Regulation (“SBR”) Framework for Non-Banking Financial Companies (“NBFCs”) on 22 October 2021 (subsequently consolidated into updated Master Directions on 28 November 2025) with the objective…
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The Tata Sons Leadership Imbroglio: Some Corporate Law and Governance Considerations – Part II
[Umakanth Varottil teaches and researches in corporate law and governance. Continued from Part I] Where Does the Battlefront Shift? Given the standoff at the board level, the battle for leadership of Tata Sons could move to the shareholders in general meeting, or to the courts or tribunals, or both. While the board of the company has taken…
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The Tata Sons Leadership Imbroglio: Some Corporate Law and Governance Considerations – Part I
[Umakanth Varottil teaches and researches in corporate law and governance] On 24 October 2016, Tata Sons, the holding company of the sprawling eponymous conglomerate, fell into turmoil upon the removal of its then chairman Cyrus Mistry at the instance of the company’s controlling shareholders, the Tata Trusts, led by Ratan Tata. Close to a decade later,…
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Climate Change Stewardship in Indian Controlled Companies: Promises and Perils
[Anik Bhaduri is the Commonwealth Scholar and PhD Candidate at the Faculty of Law, National University of Singapore and Rudresh Mandal is a Principal Associate (Corporate & Securities) at Fox & Mandal, New Delhi. This post is part of the IndiaCorpLaw Blog Symposium on ‘Corporate Law and Climate Change: Indian and Comparative Perspectives’.] Over the last decade, securities regulators…
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Domesticating India’s International Climate Law Obligation to Regulate the Conduct of its Private Actors through the Companies Act, 2013
[Hemavathi Shekhar is the Founder and Director, Enact Earth Foundation and Gunjan Soni is an Assistant Professor, School of Law, Mahindra University and Co-Lead, Indian Front, World’s Youth for Climate Justice. This post is part of the IndiaCorpLaw Blog Symposium on ‘Corporate Law and Climate Change: Indian and Comparative Perspectives’.] On 23 July 2025, the International Court of Justice (ICJ) delivered a landmark advisory…
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From Paris to the Boardroom: Can Voluntary Corporate Climate Governance Deliver India’s NDCs?
[Raushan Tara Jaswal is an Assistant Professor and PhD Candidate, Jindal Global Law School, O.P. Jindal Global University, Sonepat, Haryana and Post-Doctoral Researcher, Friedrich-Alexander-Universität Erlangen-Nürnberg (FAU), Germany. This post is part of the IndiaCorpLaw Blog Symposium on ‘Corporate Law and Climate Change: Indian and Comparative Perspectives’.] The highly contentious adoption of the Paris Agreement has been a…
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Corporate Climate Litigation in India: Traversing the Private-Public Law Divide
[Umakanth Varottil is Professor of Corporate Law at the National University of Singapore. This post is a part of the IndiaCorpLaw Blog Symposium on ‘Corporate Law and Climate Change: Indian and Comparative Perspectives’.] At a global level, litigation has emerged at the forefront in combating the adverse effects of climate change. In one type, claimants assert “horizontal”…
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IndiaCorpLaw Blog Symposium on ‘Corporate Law and Climate Change: Indian and Comparative Perspectives’
[Param Pandya is the Quadrature Climate Foundation Fellow in Climate Change and Corporate Law at the Asia-Pacific Centre for Environmental Law, Faculty of Law, National University of Singapore] Climate change is no longer a peripheral concern for corporate law — it sits at the centre of how companies are governed, financed, and held accountable. In India,…
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Rajesh Exports Case: Reassessing SEBI’s Jurisdiction Over Statutory Auditors
[Pakhi Jain is an Advocate practising in the areas of corporate law and financial regulatory matters] The interim ex-parte order passed by the Securities and Exchange Board of India (“SEBI“) in the matter of Rajesh Exports Limited (“REL Interim Order“) will be remembered not merely for the magnitude of REL’s alleged financial misstatements, but for the vexed regulatory…