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MCA: Submission requesting for amendment in Companies Act, 2013 requiring Independent Directors to pass online proficiency self-assessment test

MCA: Submission requesting for amendment in Companies Act, 2013 requiring Independent Directors to pass online proficiency self-assessment test

Public Policy
March 10, 2022 257 0

As per Rule 6(1) of Companies (Appointment and Qualifications of Directors) Rules, 2014 (Rules) as amended by Companies ((Appointment and Qualifications of Directors) Fifth Amendment Rules, 2020 (Amendment Rules) (Rules), every in...


Update: RBI launches UPI for feature phones (UPI123pay) and 24*7 Helpline for Digital Payments (DigiSaathi)

Update: RBI launches UPI for feature phones (UPI123pay) and 24*7 Helpline for Digital Payments (DigiSaathi)

Public Policy
March 10, 2022 396 0

  The Reserve Bank of India (RBI) has launched two key initiatives on March 08, 2022 – UPI123Pay to make UPI payments for feature phones, and DigiSaathi – a 24*7 helpline to address queries of digital payment users across ...


NASSCOM's response to SEBI Consultation Paper on disclosures for 'Basis of Issue Price' section of offer document

NASSCOM's response to SEBI Consultation Paper on disclosures for 'Basis of Issue Price' section of offer document

Public Policy
March 9, 2022 387 0 images

NASSCOM made a submission to Securities Exchange Board of India (SEBI) in response to the Consultation Paper on Disclosures for ‘Basis of Issue Price’ section in offer document under SEBI (Issue of Capital and Disclosure Requ...


NASSCOM feedback to OECD on Draft Model Rules for Tax Base Determination under Pillar One.

NASSCOM feedback to OECD on Draft Model Rules for Tax Base Determination under Pillar One.

Public Policy
March 7, 2022 236 0 images

On 18th Feb 2022, the Organisation for Economic Co-operation and Development (OECD) has released a public consultation document consisting of Draft Model Rules for Tax Base Determination under Pillar One. To provide soe contex...


OECD: Submission on Pillar One Amount A: Tax Base Determination

OECD: Submission on Pillar One Amount A: Tax Base Determination

Public Policy
March 7, 2022 230 0 images

The OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has been working to develop a consensus based solution to address tax challenges arising out of digitalisation of the economy. Amount A of Pillar One has been devel...


MCA: Submission requesting for clarity in provisions requiring companies to adopt accounting software having audit trail feature

MCA: Submission requesting for clarity in provisions requiring companies to adopt accounting software having audit trail feature

Public Policy
March 4, 2022 346 0

As per Rule 3(1) Companies (Accounts) Rules 2014 as amended by Companies (Accounts) Amendment Rules 2021 (Amended Rules), a company using accounting software for maintaining its books of account is required to use such accounting ...


Seeking Inputs: Reimagining Special Economic Zones (SEZs) Policy Framework

Seeking Inputs: Reimagining Special Economic Zones (SEZs) Policy Framework

Public Policy
March 3, 2022 347 0

Dear Members, As you are aware, Special Economic Zones (SEZs) are viewed as an engine of industrial and economic growth worldwide as it has played a critical role in the regional development of various economies. In India, SEZ ...


NASSCOM Feedback on Indian Digital Ecosystem Architecture 2.0 (IndEA 2.0)

NASSCOM Feedback on Indian Digital Ecosystem Architecture 2.0 (IndEA 2.0)

Public Policy
March 3, 2022 433 0 images

The Ministry of Electronics and Information Technology (MeitY) had released the Indian Digital Ecosystem Architecture 2.0 (IndEA 2.0) for inputs. The framework is envisaged to enable Governments and private sector enterprises to d...


Ministry of MSME: Suggestions on the Draft National Policy for MSMEs

Ministry of MSME: Suggestions on the Draft National Policy for MSMEs

Public Policy
March 2, 2022 315 0 images

NASSCOM submitted suggestions to the Ministry of Micro, Small and Medium Enterprises (MSMEs) in response to the consultation on the Draft National Policy for MSMEs. Our submission focussed on making the draft policy more robust an...


Representation highlighting issues faced in relation to reporting of shares allotted under Employee Stock Purchase Scheme to non-resident/ foreign national employees

Representation highlighting issues faced in relation to reporting of shares allotted under Employee Stock Purchase Scheme to non-resident/ foreign national employees

Public Policy
March 1, 2022 263 0

Employee Stock Purchase Scheme (ESPS) is a share purchase scheme whereby employees subscribe to the shares of the company, which are locked-in for a period of 1 year from the date of allotment. Unlike Employee Stock Option Plans (...


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