In this session of the Voices on Reporting webinar, we have discussed following key updates:

  • BEPS 2.0 - tax impact: The Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting (BEPS) 2.0 initiative will change the global tax landscape. BEPS 2.0 rules are designed to ensure large multinational enterprises (MNEs) pay a minimum level of tax on the income arising in each jurisdiction where they operate.
  • Updates relating to social stock exchange: On 25 July 2022, the Securities Exchange Board of India (SEBI) incorporated new chapters relating to the Social Stock Exchange (SSE) by amending the certain regulations. Additionally, on 19 September 2022, SEBI issued a detailed framework prescribing the minimum requirements to be followed by an NPO that would like to be registered/listed on an SSE.
  • Other regulatory updates:
    • The Ministry of Corporate Affairs (MCA) amended rules relating to maintaining of books in an electronic mode by companies
    • Amendments to Corporate Social Responsibility (CSR) provisions under the Companies Act, 2013.