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Daily Newsletter - April 11, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

ICAI Draft

RBI Drafts

SEBI Drafts

CA's Referencer:

NFRA Interaction Series

Legal Updates:

GST

RBI

SEBI

IFSCA

Central Excise

 


  

News Update:

Indian News:

Higher salary but lower mental peace? CA reveals why many high earners still struggle

SC says insurers can't deny claim for impossible conditions: What it means

Taxpayer wins after I-T dept rejects Sec 54 LTCG claim

No more international UPI transactions via QR share & pay, says NPCI

India, US agree on terms of reference for first phase of trade deal

China's 125% tariff counter to Trump's 145% levy, vows to 'fight till end'

Rs 10 lakh minimum investment is per PAN, not per SIF scheme: Sebi

EPFO allows employers to make one-time payment of dues via demand draft

Financial inclusion is not a licence to exploit: RBI Deputy Governor

RBI asks IndusInd Bank board to fix accountability over accounting lapses that shook investor trust

India seeks quick trade deal with US after Donald Trump pauses tariffs

CBI arrests CGST inspector, middleman in bribery case

Income tax dispute: Vivad Se Vishwas Scheme 2024 application deadline notified by Govt

Sebi eases FPIs' disclosure norms; doubles assets threshold to Rs 50,000 cr

Sebi sets up high-level committee to review conflict of interest provisions

[RBI] The pilots for MuleHunter.AI have been successful, says Swaminathan

Trump announces 90-day pause on tariffs, raises China tariffs to 125%

  

International News:

EY fined almost £5m for Thomas Cook auditing failures

Continuous auditing: A new era or a challenge to tradition?

Big Four lose share of SEC audits


Exposure Drafts:

ICAI Draft:

Standards on Auditing for Audits of Limited Liability Partnerships
[Last date for Comments: May 1, 2025]
  

  

RBI Drafts:

RBI issues 4 draft Directions on the regulatory measures announced in SDRP

RBI (Securitisation of Stressed Assets) Directions, 2025

RBI (Co-Lending Arrangements) Directions, 2025

RBI (Lending Against Gold Collateral) Directions, 2025

RBI (Non-Fund Based Credit Facilities) Directions, 2025

[Last date for Comments: May 12, 2025]
 

  

SEBI Drafts:

Investor Charter for Registrars to an Issue and Share Transfer Agents (RTAs)
[Last date for Comments: May 2, 2025] 

Investor Charter for Research Analysts
[Last date for Comments: May 2, 2025] 

Investor Charter for Investment Advisers
[Last date for Comments: May 2, 2025] 


CA's Referencer:

NFRA Interaction Series:

NFRA Auditor-Audit Committee Interaction Series 3 -
Related Parties

[Published on March 28, 2025]


Legal Updates:

GST:

Advisory on reporting values in Table 3.2 of GSTR-3B

Advisory on Table-12 of GSTR-1 or GSTR-1A

  

RBI:

Reorganisation of Districts in the State of Rajasthan – Review of Lead Bank Responsibility

  

SEBI:

Clarification on Regulatory framework for Specialized Investment Funds (‘SIF’)

Amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria

  

IFSCA:

Amendment to circular dated January 17, 2025 on the subject-‘ list of public holidays and banking business hours for IBUs’

  

Central Excise:

Constitution of Interim Board for Settlement under Sec 31A of Central Excise Act, 1944 [Notification No.2(NT)]

Setting up of office for operationalising Interim Boards for Settlement [Order No.03/2025]


  

  

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