Artham Law

India's law, decoded. SC rulings | Regulatory & legal insights | BhupenderSingh ( @advoco) , Managing Partner | Artham Law Chambers | Mumbai 🇮🇳

[Artham Law @ArthamLaw]

Independent directors: the governance bar just moved.
Follow Bhupender Singh (@advoco) — before the compliance window closes.
Retweet Tweet 1 to protect every director in your network.
#SEBI #CorporateGovernance #IndianLaw #IndependentDirectors #LODR #ArthamLawChambers

[Artham Law @ArthamLaw]

🚨 SEBI just redefined who counts as a "related party" — and independent directors are now squarely in the frame.
LODR 5th Amendment (Nov 2025) changes everything about how boards approve related party transactions.
Here's what every listed company director must know👇

[Artham Law @ArthamLaw]

What independent directors and CFOs should do right now:
✅ Map all transactions involving directors, KMPs and their relatives against the revised Reg 2(1)(zc) — the definition is wider than your existing RPT policy ✅ Upgrade your audit committee information templates to meet the ISF 3-part format mandated from September 2025 ✅ Review your omnibus approval resolutions — SEBI's consultation paper flagged 1-year validity caps as the preferred governance standard

[Artham Law @ArthamLaw]

Our Managing Partner, Bhupender Singh @advoco on what SEBI's Maithan Alloys guidance actually means for NRCs of listed companies — and the 5 gates every board must still clear. Essential reading before your next independent director appointment. #IndianLaw #SEBI #CorporateGovernance #ArthamLawChambers

[Artham Law @ArthamLaw]

CTA: 📌 The audit obligations and IP frameworks will create enforceable legal duties within 18M.
Follow @ArthamLaw for ongoing legal analysis of India's regulatory shifts.
#MaharashtraAIPolicy #AIGovernance #IndianLaw #ArthamLawChambers

[Artham Law @ArthamLaw]

The Audit Obligation: 📋 Mandatory Annual AI Readiness Audits — starting with government departments.
This WILL migrate to the private sector. It always does.
Compliance heads: build your AI governance framework before it becomes a regulatory requirement, not after.

[Artham Law @ArthamLaw]

The Startup Capital Architecture: 🦄 ₹500 Cr AI Startup Fund. 50% state-backed.
Maharashtra is not looking for AI users — it wants to build AI founders.
Implication: SHA structures, IP ownership, and data governance in early-stage AI companies will face new legal scrutiny.

[Artham Law @ArthamLaw]

The Compute Shift: The 'Compute-as-a-Service' (CaaS) model is a first for any Indian state.
By making GPU access a public utility, Maharashtra removes the cost barrier to AI adoption.
The legal consequence: "We can't afford it" stops being a compliance defence.

[Artham Law @ArthamLaw]

🚨 Maharashtra AI Policy 2026 just launched.
₹10,000 Cr committed. 2,000 GPUs as public compute. Mandatory AI audits for government departments.
This is not a vision document — it creates real legal compliance obligations.
What every business must know 🧵👇#MahaAIPolicy