Other Briefings
India Cracks Down on Bitcoin, Initial Coin Offerings
India’s federal tax body has come down heavily on bitcoin traders in an attempt to address tax evasion. Here, we briefly discuss the country’s tax position on cryptocurrencies and ICOs.
Bankruptcy Code Amendments, Logistics Gets Infrastructure Status – India Regulatory Brief
In this week’s Regulatory Brief, we cover the latest amendments to the Insolvency and Bankruptcy Code, which will be implemented by government ordinance; the shocking tax bill issued to IT/ITeS companies; and infrastructure status awarded to the logistics sector.
Demonetization in India: Masterstroke or Gross Miscalculation?
Last year, India’s federal government led by Prime Minister Narendra Modi announced the demonetization of high value currency. Here we take stock of the policy’s genesis and its major outcomes.
Bankruptcy Rescue Rules Tightened, RBI Mandates Unique Code for Large Borrowers – India Regulatory Brief
Insolvency board enforces stringent tests for reviving defaulting companies The Insolvency and Bankruptcy Board of India (IBBI) has amended its rules governing lenders who invest in bankrupt companies. Promoters or any party proposing a rescue plan for a sinking company will be subject to strict tests of creditworthiness and credibility. The rescue plan must provide […]
Aadhaar Linking in India – Now a Mandatory Requirement
Government has made it mandatory to link Aadhaar to all banking and financial identification and documents, to avail government services. This article lists the accounts and services that must be linked to the 12-digit Aadhaar number to avoid discontinuation of services.
Anti-Corruption Laws in India: Minimize Your Risk Exposure
The festive season in India involves the exchange of gifts; however, companies should note that certain exchanges may attract liability under various domestic and foreign anti-corruption statutes. This article highlights key compliance strategies for firms to minimize such risk exposure.
Cryptocurrency in India: Usage and Regulation
Bitcoin trading in India peaked to over US$3.5 million this September, albeit insignificant when compared to the U.S. trading volume. However, it is indicative of a growing appreciation of cryptocurrencies in India, and the country’s regulatory mechanisms are taking note.
Shutting Down India’s Shell Companies – Government Continues Anti-Corruption Drive
The federal government recently formed a team of top law enforcement officials to crackdown on shell companies. This article discusses the government’s latest moves in its anti-corruption drive.
