Other Briefings
Technology-Enabled Changes in the Audit Compliance Landscape in India
We discuss how emerging technologies hold the potential to transform the field of auditing by leveraging software-as-a-service platforms as well as incorporating artificial intelligence, automation, drones, and more. Moreover, India’s corporate affairs authority mandates the adoption of specific software-enabled tracking, such as audit trails.
Understanding the Mandate to Appoint Women Directors Under Indian Company Law
We discuss provisions in India’s company law mandating the appointment of women directors and the repercussions for non-compliance.
India’s GIFT City Strives to be a More Attractive Global Financial Hub: Latest Developments
GIFT City in Gujarat, an international financial services center, supported by the Indian government, aims to enhance capital inflow and foster fintech innovation. We discuss the establishment of family offices, technology firms, as well as ship and aircraft leasing units, along with foreign university branches in the region.
India’s Commerce Ministry to Soft Launch Updated E-Bank Realization Certificate for Exporters on November 15
The electronic bank realisation certification (eBRC) system has been revamped by the DGFT to enable eBRC generation on self-declaration basis from exporters in India. The BRC is issued by banks to exporters as proof of payment and export.
North Indian State of Uttar Pradesh Releases FDI Policy, 2023: Key Provisions
UP is competing with major industrial Indian states like Tamil Nadu, Gujarat, and Karnataka to attract high-value investments from sector-leading companies, establish R&D and frontier innovation projects, and build up local manufacturing ecosystems.
LLP Rules, 2009 Amended and LLP (SBO) Rules, 2023 Notified as India Tightens Disclosure Requirements
India mandates LLPs to maintain a register of partners and document their beneficial interest in both tangible and intangible contributions. The notified rules indicate the mandatory time frame and updated forms for various reporting requirements.
Visa Clearance Streamlined by Indian Authorities for Chinese Professionals Engaged in PLI Sectors
Responding to industry feedback, the Indian government is streamlining the visa approval process for Chinese experts engaged in PLI sectors.
Micro, Small, and Medium Enterprises in India: An Explainer
As the backbone of India’s economy, the MSME sector is poised for rapid growth. We discuss incentives and opportunities for the sector.
