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CAalley Newsletter dated September 22, 2022

Latest additions to CAalley:


Indian News

International News

Legal Updates:






Indian News:

IBC proceedings can be initiated against both if two borrowers fall within ambit of corporate debtors, says SC

Fortis Healthcare seeks legal advice after Supreme Court orders forensic audit in its share sale

Banks to see sharp fall in bad loans, but exposures to small businesses a worry: Crisil

Rs 58.5K cr of taxes lost in 5 industries due to illicit trade: FICCI study

Supreme Court to live-stream its constitution bench proceedings from September 27

Central Government EWS income certificate: Provident Fund, Gratuity, Pension to be counted in Family Income

RBI cancels licence of Maharashtra-based Laxmi Co-operative Bank

RBI directs Mahindra Finance to stop loan recovery via third party

Indian govt may introduce GST on crypto; could usher in new regulations

Blockchain tech to aid taxman in curbing GST fraud

Sebi directs credit rating agencies to up firewall with non-rating entities

Businesses cannot be run on black box model: Sebi chief on algo trading

SEBI chief on how fintechs can prepare for a crackdown

Sebi doesn't want 'Abhimanyus' in the market: Buch


International News:

BoE raises interest rates to 2.25%

Legal Updates:


The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022



Issue and listing of Commercial Paper by listed REITs

Issue and listing of Commercial Paper by listed InvITs



Seeks to impose Anti-Dumping duty on "Toluene Di-Isocyanate (TDI)" originating in or exported from China PR, Japan and Korea RP, for a period of 5 years, in pursuance of sunset review final findings issued by DGTR [No.28(ADD)]

Seeks to amend Notification No. 75/2021-Customs(ADD) dated 21.12.2021 regarding levy of anti-dumping duty on "HFC Component R-32" to amend the name of producer from “Zhejiang Quzhou Juxin Fluorine Chemical Co., Ltd” to “Zhejiang Quhua Fluor-Chemistry Co., Ltd.” [No.27(ADD)]

Classification of goods that undertake lifting and handling functions and have mobility as a function [Circular No.20]


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