I've heard that some of their releases are legal and some are not but it's not really practical for us to try and sort which is which so the label should either be 100% bootleg flag or 100% Italian flag.
I'm inclined to favour the 2nd option unless we have conclusive proof, perhaps mentioning in the label intro that the label is 'controversial' = See also Radioactive, Past & Present, Particles, Phoenix etc. etc.
Problem is SIAE doesn't care at all if a record has been licensed or not, they simply doesn't check anything about it and as correctly stated here "the presence of a SIAE stamp doesn't necessarily mean that a record is "official": many bootleg reissues printed in Italy have a SIAE stamp or sticker (this is especially true with the many pirate live LP's and CD's only issued in Italy).
A few years ago Guardia Di Finanza (our "Financial Guard") came at the Milano's Record Fair and seized thousand of illegal CDs. They only imposed to pay a fare (through the famsou Bollino Siae) and so from the next fair you can see all the same Cds with the Siae decal on it, just a little tax and they are legal :(
That said, for sure not all Akarma products are that kind of counterfeit but a few of them for sure are, just an example here
The profile about Akarma on Discogs says:
Italian reissue label, based in La Spezia, Liguria, Italy.
Akarma's speciality in progressive rock and psychedelia of the 1960's and 70's.
Due to the dubious legality of some of their licences some have dubbed Akarma as an unofficial or counterfeit/bootleg label. However, they are registered with the SIAE and are handled by most major Italian distributors.
Can we consider a pirate label? Or a record label that has had problems of rights and licenses?
There is quite a bit of controversy concerning the validity of some of the reissues on this label. Some questions have been raised about the infringement of copyright etc. I do rather like this label though, I collect Vertigo Swirls and as some of them now command really high prices of £1000 upwards it's a good way to at least own vinyl copies (can't really stand CD only use it for convenience). Between Akarma, Acme and Dig-a-Log some of the world's rarest vinyl has been issued for new and existing colectors. Just bought Leaf Hound's Grower of Mushroom on Akarma reissue, 2 x T2 LP's on Acme, Arcadium's brilliant LP on Acme, Writing on the Wall on Acme (really recommend this one) and Megaton's very highly priced Deram LP issued on Acme. For those who haven't tried these reissues yet give em a go, they recreate the original artwork as you can see by Mike Absolom's LP. I have the Tudor Lodge reissue and the artwork is amazing
No, Akarma is an Italian label that specializes in reissues (especially the 70) with an extensive catalog (as you can see in inners of the CD version).