In a significant legal reform aimed at strengthening creditor rights and improving business accountability, the Ministry of Corporate Affairs has announced that provisions of the Insolvency and Bankruptcy Code (IBC), 2016 will now be extended to cover large...

The Indian education sector is witnessing a significant uptick in technology-driven partnerships, as edtech firms, schools, and content creators form strategic alliances and partnership firms to deliver blended learning solutions, digital infrastructure, and...

The Ministry of Law and Justice has released a draft bill proposing legal recognition for partnership-based societies, marking a significant development in India’s nonprofit and cooperative legal framework. The proposed legislation—The Societies (Regulation and...

 The Ministry of Law and Justice has released a draft bill proposing legal recognition for partnership-based societies, marking a significant development in India’s nonprofit and cooperative legal framework. The proposed legislation—The Societies (Regulation and...

In a landmark ruling that could have wide-reaching implications for how banks interact with partnership firms, the Supreme Court of India has clarified the scope of individual partners' authority in operating partnership bank accounts, reinforcing the need for express...

 In a move aimed at bolstering India’s manufacturing exports, the Ministry of Commerce and Industry has officially extended export-linked incentive schemes to include registered partnership firms operating in the manufacturing sector. The decision, which aligns...

 In a bid to improve the ease of doing business for micro, small, and medium enterprises (MSMEs), several Indian states have launched a new wave of administrative reforms to expedite the registration process for partnership firms. These reforms focus on reducing...

 In a landmark regulatory development, the Government of India has introduced a mandatory audit requirement for partnership firms under the newly enacted Business Compliance and Financial Transparency Act, 2025, aimed at increasing accountability, curbing tax...

In a significant policy shift aimed at liberalizing India’s business environment, the central government has officially permitted Foreign Direct Investment (FDI) in select sectors through partnership firms and unincorporated entities, subject to compliance with the...

India’s commercial courts are witnessing a sharp rise in litigation related to partnership firm disputes, with legal experts attributing a significant portion of new business-related cases to conflicts between partners over ownership, profit-sharing, and...