Legal & Regulatory

A Step-by-Step Guide to Establishing Your Business in India’s GIFT City

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We discuss the step-by-step process of setting up a business in the GIFT City in Gujarat, India’s first IFSC and multi-services SEZ.

GIFT City’s Rising Profile: Government of India Emphasizes Key Progress Ahead of Interim Budget 2024

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As an emerging financial services hub in India, the GIFT City IFSC at Gujarat has benefited from liberalized capital and tax rules. The GIFT City is also a major focus of the central and state governments, and will facilitate fintech innovation in India and wider access to global capital markets.

India’s Corporate Governance Reforms: Key Regulatory Changes to Pay Attention to in 2024

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India’s corporate governance reforms have digitized compliance requirements while also increasing scope for scrutiny. We list key changes implemented throughout the year that companies doing business in India should be mindful of going into 2024.

India’s Antitrust Regulator CCI Circulates Draft Rules on Determining Company Turnover

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The Competition Commission of India (CCI) is inviting feedback on the proposed rules for calculating company turnover/income from December 22, 2023, to January 12, 2024. Comments must be submitted by completing the form exclusively available on the CCI website.

An Introduction to Doing Business in India 2024: New Publication Out Now

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The 2024 Introduction to Doing Business in India Guide discusses the most updated corporate establishment procedures, changes to the investment landscape and trade environment, as well as tax, audit, accounting, HR, and payroll regulations and compliance requirements. In this year’s edition, we spotlight the factors making India the fastest growing G20 economy.

Status of India’s Digital Competition Law

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The government appointed CDCL panel is examining the need for an ex-ante regulatory mechanism for the Indian digital market. We discuss the implications for the prevailing antitrust regime in India.

ICAI Releases Draft Auditing Standards for LLPs in India, Seeks Public Comments by January 6

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The Institute of Chartered Accountants of India has released an exposure draft for public comments until January 6, 2024, proposing new auditing standards for Limited Liability Partnerships (LLPs) in India to align them with prevailing corporate auditing norms.

Understanding the Mandate to Appoint Women Directors Under Indian Company Law

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We discuss provisions in India’s company law mandating the appointment of women directors and the repercussions for non-compliance.

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