Compliance

Entirely dismantle licensing, inspection and compliance regime: Eco Survey

The Economic Survey 2022-23 on Tuesday recommended "entirely" dismantling the licensing, inspection and compliance regime, and a host of other reforms to accelerate economic growth to sustained higher levels. The Survey tabled in Parliament by Finance Minister Nirmala Sitharaman said the reforms undertaken before 2014 primarily catered to product and capital market space. "They were necessary and continued post-2014 as well," it said. The government, however, imparted a new dimension to these reforms in the last eight years. "With an underlying emphasis on enhancing the ease of living and doing business and improving economic efficiency, the reforms are well placed to lift the economy's potential growth," it said while listing out reforms undertaken by the Modi government since 2014. The Survey has been authored by a team lead by Chief Economic Adviser V Anantha Nageswaran. It said that while the new age reforms undertaken over the last eight years form the foundation of a resili

Aparajitha eyes new deals after 76% stake buy in Quess Corp arm Simpliance

The firm aims to become the top player in India' compliance segment; currently has 1,700 employees and over 1,750 clients across 25 states

How IBBI's tighter compliance rules for resolution professionals will help

Insolvency professional agencies will have to designate/appoint a compliance officer

Govt looks to ease compliance burden with new CSR disclosure rules

The new rules have also revised the amount to be spent on impact assessment of CSR projects to 2 per cent of total CSR obligation or Rs 5 million, whichever is higher

Twitter files petition for judicial review of Indian orders on takedown

On June 27, the Ministry of Electronics and Information Technology issued a notice to the Chief Compliance Officer of Twitter Inc, giving the company 'one last opportunity'

Compliance, risk management, audit weaknesses of banks, says RBI's MK Jain

RBI's MK Jain observed that the compliance setup was not resourced adequately with required number and quality of staff in many cases.

AMS Inform protects companies with compliance management and background services

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Removed 48,594 content pieces in Oct in India: Google compliance report

Google received 24,569 complaints from users and removed 48,594 pieces of content based on those complaints in October, the tech giant said in its monthly transparency report. In addition to reports from users, Google also removed 3,84,509 pieces of content in October as a result of automated detection. Google had received 29,842 complaints from users and removed 76,967 pieces of content in September, while 4,50,246 pieces of content were removed as a result of automated detection. The US-based company has made these disclosures as part of compliance with India's IT rules that came into force in May. Google, in its latest report, said it had received 24,569 complaints in October from individual users located in India via designated mechanisms, and the number of removal actions as a result of user complaints stood at 48,594. These complaints relate to third-party content that is believed to violate local laws or personal rights on Google's significant social media intermediaries (S

MCA21's version-3 to offer better user experience, enhanced scrutiny

The main purpose of the portal would also be to facilitate seamless integration and data exchange among regulators

Sebi extends relaxations for compliance with norms on rights issues

Markets regulator Sebi on Friday extended relaxations for companies with regard to compliance with procedural norms on rights issues opening till March 31, 2022

Facebook 'actioned' about 31.7 mn content pieces in Aug '21, shows report

Facebook "actioned" about 31.7 million content pieces across 10 violation categories proactively during August in the country, the social media giant said in its compliance report on Friday

Over 22,000 compliances reduced, 1,200 processes digitised: DPIIT secy

During the last few years, the govt also decriminalised 103 offences and 327 removed redundant laws

WhatsApp says it banned 3 mn accounts in India in second compliance report

It received 137 reports for account support, of which one was actioned, and 316 requests to ban accounts, of which 73 were actioned

Regulatory compliance mechanism for power utilities on the anvil

The Centre believes the move would help state commissions adopt best practices; it would also speed up implementation of reforms and regulatory policies

Twitter in compliance with IT Rules with permanent officers in place: govt

The new appointees are employees of Twitter Inc and not its India arm, and will report to the US office directly

DGH reduces compliance burden on exploration activities in oil & gas blocks

Approvals for three processes that would need to be submitted within 30 days

Compliance norms eased for companies, market participants amid Covid crisis

The securities market regulator SEBI has relaxed several compliance norms for listed companies and market participants

Our effort is to reduce compliance burden at state, Central level: PM Modi

Modi on Friday highlighted the need for reducing compliances burden

Banks' compliance limit with new norms for existing current a/cs extended

Current accounts are widely used by businesses for their daily activities

Your Shell is creating a buzz in the market as it got acquired by Stanza Living, one of the largest Indian Accommodation Company

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