India Mandates Audit Trail Compliance for All Companies: Understanding the Obligations

Tax & Accounting

We provide an overview of audit trails, detailing the mandatory compliance requirements under Indian corporate laws, the responsibilities of companies and auditors, and the penalties for non-compliance.

Tax & Accounting

New GST Amnesty Scheme from November 1, 2024: Key Compliance Details

India's new GST amnesty scheme, effective from November 1, 2024, waives interest and penalties for non-fraudulent GST demands from 2017-18 to 2019-20.

Economy & Trade

India-Hungary Trade Relations: From Solar Energy to Green Hydrogen Initiatives

India-Hungary have significantly increased their trade in recent years and are eager to collaborate on nuclear and solar energy initiatives. Trade activities between the two countries crossed US$1 billion mark for the first time in 2022.

Legal & Regulatory

Managing CSR Obligations in India: Company Best Practices

Adopting certain best practices can help companies meet their corporate social responsibility (CSR) obligations, build a positive reputation, and make meaningful contributions to socioeconomic welfare and sustainable development.

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Economy & Trade

Economy & Trade

India and Ireland: Strengthening Economic Ties with a Joint Economic Commission

Oct 17

India and Ireland are working towards taking their economic partnership to new heights as they negotiate the establishment of a joint economic commission, set to be formalized by the end of 2024.

 

Tax & Accounting

Tax & Accounting

India Mandates Audit Trail Compliance for All Companies: Understanding the Obligations

Oct 16

We provide an overview of audit trails, detailing the mandatory compliance requirements under Indian corporate laws, the responsibilities of companies and auditors, and the penalties for non-compliance.

 

Legal & Regulatory

Legal & Regulatory

Indian Mobility Platform Ola Comes Under Regulatory Spotlight: CCPA Demands Consumer Protection Improvements

Oct 14

India's Central Consumer Protection Authority has issued a notice to Ola Electric and Ola Cabs for alleged violations of consumer rights. This situation highlights the importance for foreign companies and foreign-invested enterprises operating in India to adopt best practices to minimize the risk of regulatory intervention and mitigate scope for reputational damage.

Industries

Industries

India's Fintech Sector Secures US$778 Million in Funding in Q3 2024

Oct 17

India’s fintech sector witnessed substantial growth in Q3 of 2024, securing US$778 million in funding, a 66% increase compared to Q3 2023.

 

HR & Payroll

HR & Payroll

A Guide to Minimum Wage in India in 2024

Sep 27

We answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India. Several states in India have updated their minimum wages as of October 2023.

 

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