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Representation to Ministry of Finance: Issues requiring clarifications, guidance on the new Equalisation Levy

Public Policy
May 6, 2020 1305 0 images

Equalisation Levy (“EL”) was introduced in India vide Finance Act 2016, subsequent to Final Report of Organisation for Economic Co-operation and Development (“OECD”) dealing with tax challenges of the Digital Economy. The scope of...


Blog

EPFO Eases ECR Fling Process

Public Policy
May 1, 2020 565 0 images

Dear all,Given the impact of the Covid-19 on employers, the Employees’ Provident Fund organization (EPFO) has introduced changes in the Electronic-Challan cum Return (ECR) filing process.As per the Press Release dated 30.04.2020 i...


Blog

Representation to MCA to relax provisions relating to conduct of AGMs by companies

Public Policy
April 29, 2020 533 0

As per section 96 of Companies Act, 2013 (“Act”), every company is required to hold AGM of its members within 6 months from the close of Financial Year (FY). AGM should be called during business hours and shall be held...


Blog

Covid -19 : Financial support from State Governments sought

Public Policy
April 28, 2020 811 0

NASSCOM has made representation to the State Government of Madhya Pradesh and Kerela, seeking financial support to the IT -ITeS companies in the State. The content of the representation is reproduced below.In the wake of the ongoi...


Blog

Lockdown 2.0 : Feedback to Central Government

Public Policy
April 28, 2020 456 0

NASSCOM, based on regular interaction with the industry, has been sharing feedback to the Central Government, on the state of compliance with MHA guidelines on lockdown, status of reopening of various sectors, difficulties faced b...


Blog

NASSCOM Representation on IT/ITeS Sector Action Plan under Champion Service Sectors Scheme

Public Policy
April 27, 2020 643 0

Earlier this month, and in response to a request from the Department of Commerce (DoC), NASSCOM submitted its recommendations relating to potential measures to benefit the IT/ITeS industry under the Champion Service Sectors (CSS) ...


Blog

NASSCOM Suggestions on Draft (Corporate Social Responsibility Policy) Amendment Rules, 2020

Public Policy
April 27, 2020 761 0 images

Nasscom has submitted its feedback to Ministry of Corporate Affiars (MCA) on Draft (Corporate Social Responsibility Policy) Amendment Rules, 2020.As your are aware,Section 135 of Companies Act 2013 enumerates the provisions concer...


Blog

COVID-19 Update: Relaxation in holding Annual General Meetings (AGM) by companies whose financial year ended on December 31, 2019

COVID-19 Public Policy
April 22, 2020 1455 0 images

In view of the disruption caused by pandemic COVID-19, Ministry of Corporate Affairs (MCA) has allowed companies to hold their Annual General Meeting (AGM) within a period of 9 months from the closure of financial year (i.e, by Se...


Blog

Representation to Ministry of Finance on excluding stay of employees of foreign companies in India for purpose of determining PE exposure

Public Policy
April 22, 2020 673 0

As you are aware, permanent establishment exposure for a business arises by virtue of presence of employees exceeding a prescribed number of days in a country other than the home country.In order to fight the outbreak of Covid-19,...


Blog

Important Update: Compliance with DoT Work From Home Relaxations

Public Policy
April 21, 2020 773 0

Dear Members,As you are aware, the Department of Telecommunications (DoT) vide notification dated March 13, 2020 relaxed the conditions related to work from home  (WFH) for the entities registered as Other Service Providers (OSPs)...


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