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Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Article

IRDA Exposure Drafts

Insolvency and Bankruptcy Law Draft

MCA eForms

Legal Updates

  • Income Tax
  • MCA
  • SEBI
  • RBI
  • Customs
  • DGFT

 


Indian News:

ICAI may ‘temporarily suspend’ erring members

ICAI looking at alleged accounting irregularities at Tata companies

100% FDI in defence will be allowed only where there is no expertise: Parrikar

I-T Lens on Art Bought by Cos

5 foreign funds issued P-notes to Indian nationals: Sebi

No proposal to levy service tax on healthcare, says government

I-T dept issues 1.62 cr refunds worth Rs 1.42 lakh cr

Four-tier GST rate structure may lead to classification disputes: Report

Some unlisted companies are luring retail investors, says SEBI

Panama Papers case: SC to start detailed hearing from March 7

Govt may rework indirect tax mid-way after GST entry

P Chidambaram asks FM Arun Jaitley to cut indirect taxes immediately

I-T dept extends response window on deposit details to Feb 15

Sebi evolving as per needs of economy: Jaitley

Treat honest taxpayer with dignity and courtesy: CBDT to taxman

RBI to declare ‘verified’ figure on post-demonetisation deposits

Analysis of Shell companies reveal extent of financial irregularity in India

No room for GST to get delayed beyond September 15: Arun Jaitley

CBDT to taxman: step up TDS survey ops to boost collections

GSTN rejects CAG’s request to name auditor, do an extra audit

Sebi ready for change in start-up listing norms

Regulating P-notes: Sebi writes to SIT seeking clarification

Flipkart, Amazon & Snapdeal come together to oppose GST provision

Sebi to amend Debenture Trustee regulations

CAG creating multiple databases to make audit more transparent

No decision yet on imposing tax on cash transactions: Das

Sebi board to consider options in commexes

Tax officers to maintain digital records of summons, notices

RBI to set up separate Enforcement Department

'Clouded' data on note ban impact led to neutral stance: Urjit Patel

RBI to lift all cash withdrawal limits from March 13

RBI signals end to rate cuts as inflation risks rise

Rates unchanged: Here are 5 key highlights of RBI's monetary policy

 

International News:

Morgan Stanley to pay $8 million to settle SEC charges

Are Legal Expenses Deductible? Tax Court Says, "It Depends"

EY firm in Indonesia pays $1M penalty to PCAOB for audit violations

 


Article:

Accounting By Schools For Gratuity Benefit
[Submitted by Mr. M. L. Sodhi, (Consulting Actuary),
Fellow - Institute of Actuaries of India,
New Delhi]

 


IRDA Exposure Drafts:

The Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2017
[Last date for comments: February 28, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. & This email address is being protected from spambots. You need JavaScript enabled to view it. ]

IRDAI (Relaxations under Appointed Actuary Regulations 2017 and appointment of Mentors) Guidelines, 2017
[Last date for comments: February 28, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. & This email address is being protected from spambots. You need JavaScript enabled to view it. ]

 

Insolvency and Bankruptcy Law Draft:

Insolvency and Bankruptcy Board's draft for Voluntary Liquidation
[Last date for comments: March 8, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.]

 


MCA eForms:

Updated on February 14, 2017

 


Legal Updates

Income Tax:

The Income-tax (2nd Amendment) Rules, 2017 [No.9]

 

MCA:

Advisory to Companies to furnish Statement of Financial Transactions (SFT) to the Income Tax Department

 

SEBI:

Submission of Monthly Reports by Custodians of Securities

Review of Financial close out and Auction framework for corporate bonds traded on the Stock exchanges platform

 

RBI:

Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit

Removal of limits on withdrawal of cash from Saving Bank Accounts

 

Customs:

Empowering the Principal Commissioner with the powers of Chief Commissioner [No.10(NT)]

Extension of anti-dumping duty imposed on Cold Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP and Ukraine [No.6(ADD)]

Extension of anti-dumping duty imposed on Hot Rolled products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, Russia, Brazil and Indonesia [No.5(ADD)]

Rate of exchange w.e.f. February 3, 2017 [No.9(NT)]

 

DGFT:

Amendment in Paragraph 3.06 of Handbook of Procedures 2015-20 [Public Notice No.58]