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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 417 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 168 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 75 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...


Statement on Developmental and Regulatory Policies by RBI

Statement on Developmental and Regulatory Policies by RBI

Fintech Public Policy
December 8, 2023 60 0

December 8, 2023, Reserve Bank of India (RBI) published a statement indicating upcoming developments in policy measures as follows: Financial Markets 1. Review of the regulatory framework for hedging of foreign exchange...


Guidelines for Prevention and Regulation of Dark Patterns on online platforms

Guidelines for Prevention and Regulation of Dark Patterns on online platforms

Public Policy
December 4, 2023 117 0 images

On December 1, 2023, the Department of Consumer Affairs published the Guidelines for Prevention and Regulation of Dark Patterns (The Guidelines). Nasscom was a part of the task force set-up by the government, to give suggestio...


NFRA: Representation on Circular issued by NFRA regarding responsibilities of statutory auditors to report fraud

NFRA: Representation on Circular issued by NFRA regarding responsibilities of statutory auditors to report fraud

Public Policy
November 29, 2023 83 0

S. 143(12) of Companies Act, 2013 (Companies Act) read with Rule 13 of Companies (Audit and Auditors) Rules, 2014 (Rules) casts responsibility on the auditor of a company to report instances of fraud involving amount of INR 1 cror...


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