Daily Newsletter - August 4, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

Article

Acts & Regulations:

SEBI Master Circular

Legal Updates:

GST

MCA

SEBI

IRDAI

DGFT

Customs

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News Update:

Indian News:

Work on to reduce bond issuance cost, says Sebi's Ashwani Bhatia

Six years of GST: Compensation cess still needs to be sorted out

Govt lists principles of e-comm policy, industry still not satisfied

Sebi allows OFS for units of private listed InvITs via stock exchange mechanism

India's major banks remain unprepared to confront climate risks: Report

Sebi lays down new norms for portfolio managers’ audit

NFRA urges Delhi HC to lift stay on 2020 orders against IFIN ex-auditors

  

International News:

US: New Definition of ‘Fraud’ Wipes Out High-Profile Prosecutions

PCAOB Issues Five Inspection Reports, Including Grant Thornton’s

US seeks to set aside convictions in KPMG audit scandal

IAASB proposes rules for auditing company climate disclosures

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Reference Section:

Article:

Peer review findings in audits of not-for-profits: What auditors need to know

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Acts & Regulations:

SEBI Master Circular:

Master Circular for Commodity Derivatives Segment [Issued on August 4, 2023]

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Legal Updates:

GST:

Advisory on E-Invoice - Services Offered by the Four New IRPs

  

MCA:

The Companies (Incorporation) Second Amendment Rules, 2023 - Form No. RD-1

  

SEBI:

Corrigendum cum Amendment to Circular dated July 31, 2023 on Online Resolution of Disputes in the Indian Securities Market

Offer for Sale framework for sale of units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

  

IRDAI:

Circular - Relaxation for insurers’ investments in HDFC Ltd. post merger with HDFC Bank Ltd

  

DGFT:

Amendment in Export Policy of Red Sanders wood exclusively sourced from cultivation origin obtained from private land (including Pattaland) and Confiscated source [Notification No.25]

Regularization of RoDTEP for 18 HS Codes under Heading 5208 w.e.f 01.01.2021 [Notification No.24]

Amendment in Import Policy of Items under HSN 8471 of Chapter 84 of Schedule-I (Import Policy) of ITC (HS), 2022 [Notification No.23]

Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments along with maintaining the Parent-Child relationship in the levels of packaging and their movement in supply chain - Extension of date of implementation regarding [Public Notice No.26]

Amendments in conditions of the Standard Input Output Norms (SION) at E-136 for export of Wheat Flour [Public Notice No.25]

Amendment in Para 4.73 (15) of Handbook of Procedures, 2023 [Public Notice No.24]

  

Customs:

Seeks to impose ADD on Dispersion Unshifted Single Mode Optical Fiber (SMOF) originating in or exported from China PR, Indonesia and Korea RP [Notification No.7(ADD)]

Deferred Payment of Import Duty (Amendment) Rules, 2023 [Notification No.58(NT)]

Exchange Rate Notification No. 57/2023-Cus (NT) dated 03.08.2023 [Notification No.57(NT)]

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