India: Adopted financial data localisation requirement in Companies (Accounts) Rules 2014
Description
Adopted financial data localisation requirement in Companies (Accounts) Rules 2014
On 31 March 2014, the Ministry of Corporate Affairs adopted the Companies (Accounts) Rules 2014, outlining data localisation requirements for “books of account”. In particular, section 3 of the Rules states that the “books of account” and documents …
Scope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government