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CAalley Newsletter dated September 21, 2022

Latest additions to CAalley:


Indian News

International News

Reference Section:


From the ICAI:

Guidance Note

Legal Updates:




Indian News:

With ₹19,500-crore PLI plan, sun shines on solar cell units

Supreme Court ruling in insider trading case may set a precedent

Sebi working on new ASBA-like payment system for secondary trades: Buch

New telecom bill may clarify on insolvency norms for stressed firms: Report

Recession unlikely to hit India due to 'not so coupled' nature with global economy: Rating agency S&P

Bank NPAs loans may drop to 5% by March 2023 on economic rebound: Crisil

‘RBI for innovation, but by regulated companies’

ICAI to set up fast track cell to deal with cases against CAs for incorporating Chinese shell cos



International News:

US Federal Reserve delivers big rate hike, sees another large move higher this year

SEC presses for economic risk disclosures


Reference Section:


Thematic Review: Deferred Tax Assets
[By Financial Reporting Council, UK]


From the ICAI:

Guidance Note:

Technical Guide on Audit of Charitable Institutions under Section 12A of the Income-tax Act, 1961
[Based on the law as amended by the Finance Act, 2022]


Legal Updates:


Firewall between Credit Rating Agencies and their Affiliates



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