Other Briefings
India’s Q1 FY24 GDP Growth Reaches 7.8%, Outpaces Major Economies
India’s Q1 FY24 GDP growth surged to 7.8%, surpassing major economies like the U.S., UK, and China. Moody’s now predicts 6.7% growth in 2023.
Preparing for Audit in India – New Issue of India Briefing Magazine Out Now
In Preparing for Audit in India, we discuss the types of audit, reporting thresholds by entity type, and new technology applications. We also provide practical advice related to the GST audit process and explain compliance related to the audit trail function.
Understanding the Role of Independent Directors in Indian Companies
Independent directors, per India regulations, play a pivotal role in balancing corporate interests and maintaining ethical oversight. Qualifications are stringent, there are limits on directorships, and appointments involve board approval.
Competition Law: India Introduces Draft Regulations for Commitment and Settlement Proceedings
On August 23, 2023, the Competition Commission of India (CCI) released draft rules for Commitments and Settlements under the Competition (Amendment) Act, 2023. These frameworks allow implicated companies to settle with the CCI in cases of abuse of dominance and anti-competitive agreements.
Annual Compliance for Employers in India Under Prevention of Sexual Harassment (POSH) Legislation
India’s Prevention of Sexual Harassment (POSH) Act and its corresponding Rules require a mandatory annual report to be submitted by the employer to the District Officer and is also part of reporting obligations to the Registrar of Companies.
Chandrayaan-3: India’s Moon Landing Spotlights Space Sector Advancements
India’s successful soft moon landing on August 23 via the Chandrayaan-3 mission showcases its impressive space technology capabilities. The country’s space sector is currently witnessing a surge in private sector involvement, particularly by space-tech start-ups. FDI and tax regulations are also welcoming.
India Market Entry Strategy for International Retailers
International retailers and brands must carefully navigate the market entry requirements in India, such as FDI restrictions and the terms and conditions associated with e-commerce selling, licensing agreements, and franchises.
Legal Framework Underway to Establish India’s GIFT City as a Global Accounting Hub
India is working on the legal framework for its first IFSC at GIFT City in Gujarat to enable it to become a global financial center.
