Daily Newsletter - August 25, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

CCI Drafts

SEBI Draft

Legal Updates:

GST

MCA

RBI

SEBI

IRDAI

DGFT

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News Update:

Indian News:

SEBI to ease exit norms for PE/VC funds with illiquid assets in AIFs

EPFO holds talks with Ministry of Finance on reinvesting ETF money

Rates may rise if price spike spreads from food items: Shaktikanta Das

RBI governor Shaktikanta Das asks NBFCs to strengthen governance standards

Stricter disclosure norms for FPIs will come into effect from Nov 1: Sebi

Irdai lowers minimum capital need for foreign reinsurers to Rs 50 crore

No service tax on school bus, rules Appellate Tribunal

India most preferred location for global shared services after Poland and Mexico, says Deloitte survey

SEBI initiates third tranche of distribution of disgorged / recovered amount to investors in the matter of IPO irregularities

IRDA Public Notice: Caution to General Public on un-registered entity by name 'Surety Seven' providing Surety Insurance

Govt extremely disappointed with Moody's report on India's economic outlook

Return excess income tax refund else you may get tax notice

ITC can't be claimed till seller pays tax: High court

Tax tribunal allows capital gain exemption in case of house purchase

RBI raises small value payment transaction limit in offline mode to Rs 500

What is a BRICS currency, and could one be adopted?

First time in 4 years, MFIs overtake banks in microlending with 40% share

CCI brings draft regulations for Settlement and Commitment scheme

  

International News:

Not yet clear rates are high enough to control inflation: Fed's Powell

FASB releases standard on joint ventures

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Exposure Drafts:

CCI Drafts:

Draft ‘The Competition Commission of India (Settlement) Regulations, 2023’
[Last date for Comments: September 13, 2023] 

Draft ‘The Competition Commission of India (Commitment) Regulations, 2023’
[Last date for Comments: September 13, 2023] 

  

SEBI Draft:

Consultation Paper on permitting increased participation of NRIs and OCIs into SEBI registered FPIs based out of IFSCs in India and regulated by the IFSCA
[Last date for Comments: September 10, 2023] 

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Legal Updates:

GST:

Advisory: Mera Bill Mera Adhikar Scheme

  

MCA:

Condonation of delay in filing of Form-3, Form-4 and be Form-11 under section 67 of Limited Liability Partnership Act, 2008 read with section 460 of the Companies Act, 2013 [Circular No.8]

  

RBI:

Enhancing transaction limits for Small Value Digital Payments in Offline Mode

  

SEBI:

Modification in Cyber Security and Cyber Resilience framework of Stock Exchanges, Clearing Corporations and Depositories

Mandating additional disclosures by Foreign Portfolio Investors (FPIs) that fulfil certain objective criteria

SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1994

SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2023

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2023

SEBI (Depositories and Participants) (Second Amendment) Regulations, 2023

  

IRDAI:

Reconstitution Of Insurance Advisory Committee

IRDAI Reinsurance (Amendment) Regulation, 2023

  

DGFT:

Allocation of quantity 5841 MT Sugar by EU for export from India under TRQ for the year 2023-24 (October 2023 to September 2024) [Public Notice No.29]

Amendment of Export Policy of Food Supplements containing Botanicals [Trade Notice No.24]

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