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Update: SEBI eases norms for public listing of startups

Update: SEBI eases norms for public listing of startups

Public Policy
March 30, 2021 30 0

On 25 March 2021, Securities and Exchange Board of India (SEBI), approved various proposals with respect to framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ...


Survey on the impact of new Haryana State Reservation Law on start-ups: March 2021

Survey on the impact of new Haryana State Reservation Law on start-ups: March 2021

Public Policy
March 26, 2021 99 0 images

NASSCOM recently conducted a survey to assess the impact on start-ups of the new Haryana State Employment of Local Candidates Act, 2020. The law forces companies to recruit at least 75% of all new employees to have a domicile in t...


MCA: Submission requesting for deferment of timelines for implementation of Notification No. GSR 205 (E), which require companies to adopt accounting software having the feature of audit trail

MCA: Submission requesting for deferment of timelines for implementation of Notification No. GSR 205 (E), which require companies to adopt accounting software having the feature of audit trail

Public Policy
March 26, 2021 56 0

As you may be aware, Ministry of Corporate Affairs (MCA) recently issued Notification No. GSR 205 (E) dated 24th March 2021 notifying Companies (Accounts) Amendment Rules, 2021 (New Rules). The new rules seek to insert Proviso ...


GST: Submission requesting for removal of restriction on zero rating benefit under GST for units in Special Economic Zones for facilities /amenities like canteen, first aid centre etc.

GST: Submission requesting for removal of restriction on zero rating benefit under GST for units in Special Economic Zones for facilities /amenities like canteen, first aid centre etc.

Public Policy
March 26, 2021 231 0

As you are aware, Information Technology (IT) industry is dependent on its human capital which forms its core resource. Thus, employee wellness and welfare are integral part of businesses of IT companies. As per Rule 11(5) of S...


GST Update | AAR | Transportation facility provided by Company to employees in terms of employment contract is not taxable

GST Update | AAR | Transportation facility provided by Company to employees in terms of employment contract is not taxable

Public Policy
March 26, 2021 133 0 images

The Authority for Advance Ruling (AAR), Uttar Pradesh in the case of North Shore Technologies Private Limited (Applicant) recently ruled that providing subsidised shared transport facility by the applicant to its employe...


Representation on Facilitating Compliance with RBI Guidelines on Payment Aggregators and Payment Gateways

Representation on Facilitating Compliance with RBI Guidelines on Payment Aggregators and Payment Gateways

Public Policy
March 25, 2021 308 1

In March 2020, the Reserve Bank of India (RBI) released the Guidelines on Regulation of Payment Aggregators and Payment Gateways (PA/PG Guidelines), which created a regulatory framework for the operation of payment aggregators (PA...


NASSCOM’s Recommendations on SEBI’s Consultation Paper on Introduction of Concept of “Accredited Investors” in Indian Securities Market

NASSCOM’s Recommendations on SEBI’s Consultation Paper on Introduction of Concept of “Accredited Investors” in Indian Securities Market

Public Policy
March 22, 2021 25 0 images

On 18 March 2021, NASSCOM provided its suggestions to Securities and Exchange Board of India (SEBI) on their Consultation Paper on Introduction of Concept of “Accredited Investors” in Indian Securities Market. ...


Important Update: Compliance with TCCCPR 2018

Important Update: Compliance with TCCCPR 2018

Public Policy
March 22, 2021 156 0 images

Dear Members, NASSCOM has received the enclosed communication from TRAI regarding compliance with the Telecom Communications Customer Preference Regulations (TCCCPR), 2018.  As you may be aware, the Telecom Regulator in Ju...


Update: Summary of 26th report of the Standing Committee on Finance

Update: Summary of 26th report of the Standing Committee on Finance

Public Policy
March 22, 2021 19 0 images

The 26th Standing Committee on Finance tabled its report on March 16, 2021 before the Parliament. The Committee in its report, has acknowledged that the COVID-19 pandemic has severely hit GST collections and therefore...


DPIIT: Submission highlighting policy reforms to promote start-ups in India

DPIIT: Submission highlighting policy reforms to promote start-ups in India

Public Policy
March 19, 2021 125 0

India continues to be the world’s third largest technology startup ecosystem, with more than 1600 new startups added in 2020. The Indian start-up ecosystem faced the crucible of COVID-19 in 2020 and emerged more robust, adding the...


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