Book-keeping requirements for companies in India have been tightened with the recent amendment[1] to the Companies (Accounts) Rules, 2014 (“Accounts Rules”). With this, Indian government authorities seek to always have access to books of accounts of Indian companies, even if such books are maintained in electronic form in servers located outside India.

In recent times, certain multi-national companies[2] have refused to provide government authorities access to financial data of Indian entities stored in servers outside India, which may have prompted the government to amend the Accounts Rules.Continue Reading Tightening the reins on Book-Keeping: Recent Amendments to the Companies (Accounts) Rules, 2014