Decoding India’s Regulatory Landscape

This episode dives into recent regulatory developments impacting the biometric data sector, AI-generated content, and securities market compliance in India.

Notably, the Delhi High Court has issued an interim injunction against the unauthorized use of Baba Ramdev's name, image, and voice in AI deepfake content, mandating removal within 72 hours and emphasizing strict compliance with rights protections.

Additionally, the Court is reviewing a petition challenging the biometric data collection system, highlighting concerns over privacy and constitutional safeguards in AI-based data processing.

On the regulatory front, the Securities and Exchange Board of India (SEBI) has released several circulars, orders, and notices addressing compliance requirements for mutual funds, recovery proceedings, and disclosure obligations including social media transparency and valuation guidelines for physical gold and silver.

These updates reinforce the need for regulated entities and market participants to closely monitor ongoing enforcement actions to mitigate legal and reputational risks.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Delhi High Court Restrains AI Deepfake Misuse of Ramdev's Persona
2. Settlement Orders
3. Orders of SAT
4. Orders of ED/CGM (Quasi-Judicial Authorities)
5. Orders of AO
6. Delhi High Court Reviews Legal Challenge to AI-Enabled Biometric Data Collection
7. Orders of Chairperson/Members
8. Orders under Regulation 30A SEBI Intermediaries Regulations 2008

This episode covers regulatory updates in ECB, Foreign Exchange Management, OECD, External Commercial Borrowing, Artificial Intelligence.

We begin with the Reserve Bank of India's recent amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2026, focusing on enhanced reporting frameworks for External Commercial Borrowings to improve transparency and compliance.

Next, learn about the RBI's mandate for Unique Transaction Identifiers (UTIs) in over-the-counter derivative transactions, strengthening market surveillance and regulatory oversight starting January 2027.

Finally, hear about the OECD's contributions at the India AI Impact Summit, including their Due Diligence Guidance on Responsible Artificial Intelligence and updates on the Hiroshima AI Process Code of Conduct reporting framework.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)
2. Unique Transaction Identifier for OTC Derivative Transactions
3. Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026
4. The OECD at the India AI Impact Summit

Welcome to Carver's India Regulatory Updates.

This episode highlights SEBI’s launch of a Young Professional Program aimed at injecting fresh expertise into capital market regulation. It also covers the Reserve Bank of India’s new directions easing collateral requirements for MSME lending, designed to improve credit access for small businesses.

On the international front, India and Nepal are poised to sign a mutual legal assistance pact to boost cross-border criminal justice cooperation. Meanwhile, India and Malaysia have renewed their commitment to deepen defense, trade, and energy collaboration through eleven new agreements.

The podcast also discusses ASEAN and India’s adoption of a new Plan of Action for 2026-2030, focusing on political-security, economic, and socio-cultural cooperation to strengthen regional partnerships.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Master Circular for Issue of Capital and Disclosure Requirements
2. Policy Environment and Regulatory Reforms for Private and Foreign Investment in Developing Countries: A Case of the Indian Power Sector
3. Lending to Micro, Small & Medium Enterprises (MSME) Sector (Amendment) Directions, 2026
4. Nepal-India mutual legal assistance pact ready for signing
5. In the hands of innovators from the Global South, AI can transform lives
6. Edge AI in action: Accelerating development across the Global South
7. ASEAN and India reinforce Comprehensive Strategic Partnership priorities - 13.02.2026
8. Seafood Expo Bharat (SEB 2026)
9. India: Retail inflation at 2.75% in January; what's new in CPI series
10. Prioritizing Early Education Is Key to Long-Term Growth
11. Prioritizing Early Education Is Key to Long-Term Growth
12. Prioritizing Early Education Is Key to Long-Term Growth
13. ADB approves $182 million loan to scale up flood and erosion management along Brahmaputra in Assam[, India]
14. Prioritizing Early Education Is Key to Long-Term Growth
15. India, Malaysia agree to bolster defense, trade, energy cooperation
16. India, Malaysia renew pledges to boost trade, collaboration
17. Foreign Direct Investment in South Asia: Policy, Trends, Impact and Determinants
18. World Entrepreneurs and Investment Forum puts women at the heart of economic transformation
19. Master Circular for Investment Advisers
20. Master Circular for Registrars to an Issue and Share Transfer Agents