Compliance

the importance of compliance with the registrar of companies filings requirements, risks, and mitigation

The Importance of Compliance with the Registrar of Companies Filings: Requirements, Risks, and Mitigation

Introduction The Registrar of Companies (ROC) is a statutory body established under the Companies Act, 2013 (“Act”), responsible for overseeing the registration and regulation of companies and limited liability partnerships within the jurisdiction of India. The ROC serves as a custodian of critical information about businesses, ensuring their compliance with statutory regulations specified under the …

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roc fines mr. satya nadella, linkedin india and others for violating sbo norms

RoC fines Mr. Satya Nadella, Linkedin India and others for violating SBO norms

By way of its order dated May 22, 2024, the Registrar of Companies (“RoC”) has imposed a penalty on Microsoft Chief Satya Nadella and eight other executives for an amount of approximately INR 28 lacs on account of violating requirements related to beneficial interest and significant beneficial ownership under the Companies Act, 2013 (“Act”) in …

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Laws for Foreign Companies in India

Can foreign companies operate in India? This question is pivotal for global businesses eyeing the Indian market’s vast potential. Under the Companies Act, 2013, India welcomes foreign corporations to engage in commercial activities within its jurisdiction, provided they comply with established laws for foreign companies in India. Defined expansively, a ‘Foreign Company’ includes any entity …

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critical analysis rbi draft guidelines on digital lending

Critical Analysis of the Draft Guidelines on Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders

Introduction Recently in April, 2024, the Reserve Bank of India (“RBI”) released the Draft Guidelines on ‘Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders’ (“Draft Guidelines”). The Draft Guidelines stem from the Statement on Developmental and Regulatory Policies dated December 08, 2023 wherein it was announced that RBI will issue a …

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regulatory compliance in the pharma industry

Regulatory Compliance in the Pharmaceutical Industry

What are regulatory guidelines in the pharmaceutical sector in India? Regulatory compliance in the pharma industry is a multifaceted and essential aspect of pharmaceutical operations, encompassing a range of guidelines to ensure safety, efficacy and quality. The Central Drugs Standard Control Organization (CDSCO) sets standards for drugs, cosmetics, diagnostics and medical devices, while the National …

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Legal and Regulatory Framework for Fintech Business in India

What are the legal regulations of fintech in India? The dynamic landscape of fintech laws in India is governed by a multifaceted regulatory framework aimed at fostering innovation while ensuring consumer protection and financial stability. The primary regulatory bodies overseeing fintech operations include the Reserve Bank of India (RBI), the Securities and Exchange Board of …

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regulatory compliance in healthcare industry

Regulatory Compliance in Healthcare Industry

What is Regulatory Compliance in Healthcare Industry? Regulatory compliance in the healthcare industry in India encompasses adherence to several laws, regulations, guidelines and specifications relevant to healthcare practices. It ensures that healthcare providers operate within the legal framework established by national and state authorities. This includes compliance with the Clinical Establishments Act, Medical Council of …

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mandatory compliance checklist for private limited company in india

Mandatory Compliance Checklist For Private Limited Company in India

What are the mandatory compliances for a Private Limited Company? Operating a Private Limited Company in India involves a detailed compliance checklist that must be followed to ensure legal and regulatory adherence. This checklist of compliances for Private Limited Companies is not just a formality; it is essential for maintaining the legal standing of the …

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understanding conversion of physical shares to demat shares

Understanding the Procedure for Conversion of Physical Shares into Demat Shares

On October 27th 2023, the Ministry of Corporate Affairs (“MCA”) issued the Companies (Prospectus & Allotment of Securities) Second Amendment Rules 2023 (“Amendment Rules”) mandating the dematerialization of all existing securities and issuance of securities in dematerialize form by private companies, other than small companies and government companies, by and from September 30, 2024 (i.e. …

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Understanding the LLP Significant Beneficial Owners Rules 2023

Decoding The Telecommunications Act 2023

Decoding The Telecommunications Act 2023: Opportunities, Challenges, And Impact The telecommunications industry has undergone significant changes over the years, with the rapid advancement of technology and the evolving needs of consumers. One of the crucial developments in this sector is the Telecommunication Act, 2023 (the “Telecom Act”), which seeks to address the challenges and opportunities …

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