Daily Newsletter - August 30, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
From the ICAI:
International Content:
Legal Updates:
News Update:
RBI imposes Rs 2.68 cr on UCO Bank
Sebi mulls expanding scope of informal guidance scheme, raises fees
Government receives over ₹10 lakh crore in revenue by July 2024
IFSCA Press Release: New IFSCA (Listing) Regulations, 2024 come into effect
New feature: Deposit cash at ATMs via UPI, no debit card required
Shipping Corporation of India receives ₹160 crore GST demand notice for FY2020
NFRA and ICAI at odds over plan to sync audits with global norms
Finance ministry lowers entry barrier for GIFT City listing
RBI cautions against fraud, warns against sharing OTP and KYC details
Moody's raises India's growth projection; Fitch affirms 'BBB-' rating
In first address after Hindenburg, Sebi chair urges 'trust, compliance'
Tax authorities send Rs 606 crore GST demand notice to LIC
Zomato gets Rs 4.59 crore tax demand notices
‘Shoddy probe in I-T fraud’: Action ordered against IO
GST OTP mandate: Flipkart sellers cry foul
Delhi HC overturns AAR ruling on Tiger Global-Flipkart transaction
Protection against suits can't continue forever, NCLAT tells IL&FS
Sebi cautions investors against SME companies doing price manipulation
RBI Governor Das advocates for fintech self-regulation to ensure balanced innovation with integrity
Hindustan Unilever gets Rs 963 crore Income Tax demand notice
Internal audit faces a critical decade ahead
FASB Urged to Revamp Personal Financial Statement Rules Amid Trump Case Controversy
Exposure Drafts:
Consultation Paper on the proposed IFSCA (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024
[Last date for Comments: September 20, 2024]
Consultation Paper on the proposed Guidelines on setting up of International Trade Financing Services Platform (‘ITFS’)
[Last date for Comments: September 20, 2024]
Review of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
[Last date for Comments: September 18, 2024]
Consultation Paper on Maintenance of Record of Mandatory Communication by Regulated Entities
[Last date for Comments: September 13, 2024]
Consultation Paper on “Provisions pertaining to appointment of Public Interest Directors”
[Last date for Comments: September 12, 2024]
Consultation Paper on “The facility for Trading in the Secondary Market using UPI Block Mechanism to be mandatorily offered by Qualified Stock Brokers (QSBs) to their clients (ASBA - like facility for secondary market) and other incidental matters”
[Last date for Comments: September 12, 2024]
From the ICAI:
Peer Review:
Revised Statement on Peer Review, 2021
Peer Review Manual, Revised Edition, 2020
Anti-Money Laundering:
CAs’ Handbook on Obligations and Privileges of Non-Residents under FEMA</a
CAs’ Handbook on Drafting Power of Attorney</a
Guidelines on Customer Due Diligence (CDD)
[For SAFA Members]
International Content:
Legal Updates:
IFSCA (Listing) Regulations, 2024
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Amendments in Appendix-4J of the Handbook of Procedures, 2023 [Public Notice No.19]
Abeyance of Public Notice No. 05/2024 dated 27.05.2024 [Trade Notice No.15]
