New SEBI norms tweak definition of QFI to include six gulf countries, all EC countries, and NRIs; Previously only Financial Action Task Force (FATF) members were QFIs[Business Standard] [Circular]

Lakshmikumaran & Sridharan tax partner Puneet Bansal leaves to become director at BMR Advisors, as part of the indirect tax team [Bar & Bench]

J Sagar Associates (JSA) Bangalore partner Sajai Singh becomes the first Asian to get elected as treasurer of the US-headquartered ITechLaw – non-profit association of international technology lawyers

K Law promotes senior associates Sanket Sethia, Sankar Swamy and Priti Deshpande to associate partnership effective from 1 April 2012 [Bar & Bench]

Companies Bill 2011: Parliamentary standing committee recommends compulsory two per cent CSR allocation out of three-yearly average of net profits of companies whose net worth is over Rs 500 crore, or annual turnover is over Rs 1,000 crore [Business Standard]

Determination of “substantial questions” of law by small SC benches is leading to shaky jurisprudence even as it lessens pressure on court time [Indian Express]

India’s internet censorship struggle-story so far, leads up to tomorrow’s “occupy protest” by “hacktivists” Anonymous Op_india at Jantar Mantar Delhi [The Atlantic]