India’s legal and regulatory landscape is fast evolving, with the trust deficit between businesses and regulators widening dramatically. From being mainly principles-based, regulation is increasingly becoming rules-based and the regulators more enforcement/prosecution-focused.
At a recent India CFO Forum session in Mumbai, Bharat Vasani, Partner, General Corporate, TMT Practice, Cyril Amarchand Mangaldas, decoded some of the recent changes and their implications for business. A brief summary of his perspective is provided below. The attached paper offers a fuller commentary of the same.