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Since our previous update dated April 28, 2020, the Securities and Exchange Board of India ("SEBI") has introduced further measures considering the COVID-19 outbreak.

SEBI has issued changes and clarifications to the regulatory framework in respect of the following:

The times we face are trying, unprecedented and marked by absolute uncertainty.

Group governance is the framework of policies, processes, controls and reporting lines through which a parent company exercises oversight, sets standards and aligns the conduct of its subsidiaries, joint ventures and associates with the strategy, values and risk appetite of the group as a whole. It moves the unit of governance from the standalone company to the corporate group.

The money laundering law of India relies on access to information for effective enforcement and adjudication. Recently, the net of the law has been widened to include professionals such as chartered accountants...

An audit is more than a formality, it is a necessity to protect your business and encourage it to thrive. Early warnings, open communication and pragmatic resolution of issues are the essential features.

Certain key decisions with respect to regulatory framework for related party transactions and co-investment by investor of Alternative Investment Fund through portfolio management route have been implemented.

The CBDT has by issue of a notification no. GST 666(E) dt. 20th July, 2018 included certain clauses to be reported in the tax audit report prescribed u/s 44AB in the Form No. 3CD.

On September 28, 2021, the Securities and Exchange Board of India (the "SEBI") approved certain changes to regulations governing related party transactions ("RPTs")...

Every good business has some kind of story behind it, like real innovation. Sometimes it starts with a breakthrough invention, other times it’s more like a recognisable brand identity, proprietary software, or an iconic product layout.

An organization needs to substantially maintain its Intellectual Properties such as maintaining a record of IP filings, prosecution, and maintenance and protection of such IP by taking affirmative...

At the heart of Customs law lies the quest to appropriately determine the pricing of goods sought to be imported or exported out of a jurisdiction.

Over the years, Related Party Transactions (RPT) have become a key focus area for the board of directors, not only from a tax perspective but also to improve corporate governance.

Related Parties (RP(s)) and Related Party Transactions (RPTs) form the cornerstone of most discussions involving corporate governance. Both the Ministry of Corporate Affairs (MCA)...

Revisional powers are special statutory powers conferred upon higher authorities to examine and review orders passed by subordinate officers. The primary objective of conferring such powers is to safeguard the interests of the revenue.

Cost accounting and audit seemed to be a not-so-relevant subject matter till lately when the Cost Audit Branch of the Ministry of Corporate Affairs has started issuing notices checking for compliance...

In today's fiercely competitive business world, companies are constantly seeking innovative ways to optimize costs, boost efficiency, and hone in on what they do best.