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SEBI: Response to consultation paper on buyback of shares

SEBI: Response to consultation paper on buyback of shares

Public Policy
December 12, 2022 269 0 images

Securities and Exchange Board of India (SEBI) had called for stakeholders’ inputs on review of regulations governing buyback of shares under SEBI (Buyback of Securities) Regulations, 2018. In this regard, we provided our feedb...


OECD: Request for Inputs: Pilar one - Amount B

OECD: Request for Inputs: Pilar one - Amount B

Public Policy
December 12, 2022 203 0 images

As you may be aware, the OECD has released a public consultation document on Pillar One – Amount B. As per the OECD, Amount B needs to simplify and streamline the pricing of in-country baseline marketing and distribution activi...


Copyleft licenses: Risks of open source code in proprietary software development

Copyleft licenses: Risks of open source code in proprietary software development

IT Services Public Policy Case studies Application
December 10, 2022 1239 1 images

Open-source software (OSS) plays a vital role in software development today. The low threshold for accessibility of OSS and the vast functionalities that it encompasses, makes it an attractive option for developers. Reusing lines...


NASSCOM Webinar on Internal Compliance Programme (ICP) For Export/Transfer of Dual-Use Items

NASSCOM Webinar on Internal Compliance Programme (ICP) For Export/Transfer of Dual-Use Items

Public Policy
December 8, 2022 315 0 images

Export control laws are applicable to the tech-industry in India, and need to be complied with by companies who export controlled goods, software and technologies out of India. This is especially relevant for companies exporting s...


NASSCOM’s Pre-Budget Memorandum 2023-24

NASSCOM’s Pre-Budget Memorandum 2023-24

Public Policy
December 6, 2022 1768 0 images

Based on feedback from the Industry, we have submitted a detailed memorandum of suggestions for the Union Budget 2023-24 to Ministry of Finance (MoF). Our key recommendations submitted to the MoF focus on fostering start-up ecosys...


Highlighting implementation challenges with the Digital Lending Guidelines to the Reserve Bank of India (RBI)

Highlighting implementation challenges with the Digital Lending Guidelines to the Reserve Bank of India (RBI)

Public Policy
November 30, 2022 286 0

On November 28, 2022, we submitted a representation to RBI highlighting the challenges being faced by the industry in the implementation of the Digital Lending Guidelines (DL Guidelines).[1] Background A Report of the Workin...


SEBI: Suggestions on review of disclosure requirements for material events or information

SEBI: Suggestions on review of disclosure requirements for material events or information

Public Policy
November 29, 2022 162 0 images

Securities and Exchange Board of India (SEBI) had called for stakeholders’ inputs on Review of disclosure requirements for material events or information under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20...


Supply of BPO services qualifies as export (and not intermediary) under GST

Supply of BPO services qualifies as export (and not intermediary) under GST

Public Policy
November 29, 2022 454 0

The Hon’ble High Court, Punjab & Haryana in the case of Genpact India Private Limited (Genpact India) recently held that supply of Business Process Outsourcing (BPO) services by Genpact is not in the nature of ‘”intermediary s...


GST: Representation on implementation of ecommerce parity issue for online sellers

GST: Representation on implementation of ecommerce parity issue for online sellers

Public Policy
November 28, 2022 215 0

The GST Council, in its 47th GST Council meeting held in June 2022, decided to extend the GST registration threshold of INR 40 lakhs for online supplier of goods under S. 24(ix) of Central Goods and Service Tax Act, 2017 (CGST Act...


Policy Update: Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework

Policy Update: Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework

Public Policy
November 24, 2022 200 0

The Reserve Bank of India (RBI) has included Goods and Services Tax Network (GSTN) as a Financial information Provider (FIP) under the Account Aggregator (AA) framework. This inclusion has been made to facilitate cash-flow based l...


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