India: Implemented financial data localisation requirement in Companies (Accounts) Rules 2014
Description
Implemented financial data localisation requirement in Companies (Accounts) Rules 2014
On 1 April 2014, the Companies (Accounts) Rules 2014, outlining data localisation requirements for “books of account”, were implemented. In particular, section 3 of the Rules states that the “books of account” and documents containing relevant infor…
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