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MCA: Representation regarding onerous obligations prescribed under the Companies (CSR) Amendment Rules 2021

Public Policy
March 10, 2021 200 0 Read Article

The Ministry of Corporate Affairs (MCA) recently notified Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (Amendment Rules) to amend Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rule...


Blog

GST Update: E-invoice applicable for businesses with turnover exceeding INR 50 crore from April 1, 2021

Public Policy
March 9, 2021 29 0 Read Article

Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 05/2021-Central Tax dated March 8, 2021 to implement e-invoicing for taxpayers having aggregate turnover exceeding INR 50 Crore in any of the previous fina...


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Update: Supreme Court holds that payment to non-residents for imported software cannot be characterised as ‘royalty’

Public Policy
March 8, 2021 400 0 Read Article

The Supreme Court (SC) has issued a landmark ruling on March 2, 2021 confirming that amount paid by resident Indian end-users / distributors to non-resident computer software manufacturers / suppliers, as consideration for resale ...


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Post Budget Memorandum 2021-22

Public Policy
March 8, 2021 241 0 Read Article

NASSCOM welcomes the growth-oriented Union Budget 2021-22 (Budget) presented by the Ministry of Finance. The proposals in the Budget seize important opportunities for growth, besides leveraging India’s existing strengths in areas ...


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Policy Brief: The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

Public Policy
March 5, 2021 595 0 Read Article

On 25 February 2021, the Ministry of Electronics and Information Technology (MeitY) notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (IL & DMEC Rules) under Section 87 rea...


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Maharashtra IT-ITeS Policy 2021

Public Policy
March 4, 2021 3680 0 Read Article

Govt of Maharashtra is in the process of adopting a new IT-ITeS Policy, as the term of the current policy is about to end. In this context, NASSCOM and the Government of Maharashtra organised a meeting to discuss the upcoming Maha...


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Haryana : Data Centre Policy 2021

Public Policy
March 2, 2021 253 0 Read Article

The Government of Haryana is currently in the process of formulating and adopting  a Data Centre Policy. Given the unprecedented pace in which data is being created, stored and used in the country, we believe it’s the right time t...


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Request for Inputs: SEBI Consultation Paper on Review of regulatory provisions related to Independent Directors

Public Policy
March 2, 2021 153 0 Read Article

Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on the proposal to review provisions relating to Independent Directors (IDs) on the board of listed companies...


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Update: MCA relaxes definition of "listed companies"

Public Policy
February 25, 2021 210 0 Read Article images

Ministry of Corporate Affairs (MCA) has recently notified certain classes of companies which shall not be considered as ‘listed companies’ under the Companies Act, 2013 (Companies Act), by inserting a new Rule 2A in Companies (Spe...


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GST Update - Issue of Circular to clarify certain aspects relating to Dynamic QR Code

Public Policy
February 25, 2021 146 0 Read Article images

The Central Board of Indirect Taxes and Customs (CBIC) recently issued a Circular No. 146/02/2021-GST dated February 23, 2021 to clarify certain aspects related to applicability of Dynamic Quick Response (QR) Code on B2C invoicesI...


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