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Call for Inputs: SEBI Consultation Paper - Harmonisation of provisions of ICDR and LODR Regulations

Call for Inputs: SEBI Consultation Paper - Harmonisation of provisions of ICDR and LODR Regulations

Public Policy
January 15, 2024 38 0

Dear All, As you may be aware, Securities and Exchange Board of India (SEBI) has released a consultation paper on Interim Recommendations of the Expert Committee for facilitating ease of doing business and harmonization of the ...


Update: DGFT Notification on debonding of secondhand IT assets from SEZ to DTA

Update: DGFT Notification on debonding of secondhand IT assets from SEZ to DTA

Public Policy
January 5, 2024 125 0 images

Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries has issued a notification to amend Para 2.31 of Foreign Trade Policy 2023 (FTP) regarding transfer of used Information Technology (IT) assets from Sp...


Clarification on S.194-O of Income Tax Act relating to tax withholding by e-commerce operator

Clarification on S.194-O of Income Tax Act relating to tax withholding by e-commerce operator

Public Policy
January 5, 2024 43 0

As you are aware, S. 194-O of the Income Tax Act. 1961 (IT Act) requires an Ecommerce Operator (ECO) to deduct tax @ 1% of the gross amount of sales of goods/ provision of services/ both, facilitated through its digital or electro...


Feedback on TRAI CP - Digital Transformation through 5G ecosystem

Feedback on TRAI CP - Digital Transformation through 5G ecosystem

Public Policy
December 29, 2023 50 0 images

TRAI issued a Consultation Paper on Digital Transformation through 5G Ecosystem, issued by the Telecom Regulatory Authority of India (TRAI) on 29 September 2023 (CP/5G CP/Consultation Paper). The Consultation Paper sought to id...


Nasscom's Pre-Budget Memorandum 2024-25

Nasscom's Pre-Budget Memorandum 2024-25

Public Policy
December 28, 2023 425 0 images

Based on feedback from the Industry, we have submitted a detailed memorandum of suggestions for the Union Budget 2024-25 to Ministry of Finance (MoF). Given that the Budget on February 1, 2024 will be an interim budget, our su...


Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023

Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023

Public Policy
December 22, 2023 178 0 images

On November 21, 2023, the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023 (the Scheme) was notified by the Government of National Capital Territory of Delhi (GNCTD). The scheme is for licensing and regula...


Industry's feedback on the RBI's Payment Aggregator - Cross Border Regulation

Industry's feedback on the RBI's Payment Aggregator - Cross Border Regulation

Public Policy
December 22, 2023 37 0

On December 19, 2023, we wrote to the Reserve Bank of India (RBI) highlighting industry's feedback and gave suggestions on the Regulation for Payment Aggregators - Cross Border (PA-CB Regulation). Our feebdack included the followi...


GST: Submission requesting for clarification on valuation of corporate guarantees between related parties under Rule 28(2) of CGST Rules

GST: Submission requesting for clarification on valuation of corporate guarantees between related parties under Rule 28(2) of CGST Rules

Public Policy
December 19, 2023 35 0

As you may be aware, the Central Board of Indirect Taxes and Customs (CBIC), vide issue of Notification No. 52/2023 – Central Tax dated 02 October 2023 (Notification) amended Rule 28 of Central Goods and Services Tax Rules, 2017 (...


Call for Inputs on SEBI Consultation Paper

Call for Inputs on SEBI Consultation Paper

Public Policy
December 13, 2023 37 0

Dear All, As you may be aware, Securities and Exchange Board of India (SEBI) has released a consultation paper on review of provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue ...


Feedback on GAICT and Recommendation for a Bulk-license for Cryptography

Feedback on GAICT and Recommendation for a Bulk-license for Cryptography

Public Policy
December 12, 2023 76 0

The government has taken several initiatives to ease compliance requirement under SCOMET, including but not limited to the introduction of the General Authorisation for Intra-Company Transfers (‘GAICT’) policy, further revision of...


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