Daily Newsletter - December 13, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Useful Forms:

Income Tax Form

International Content:

FASB Reference Material

IAASB Reference Material

Legal Updates:

Income Tax

GST

SEBI

DGFT

 

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News Update:

Indian News:

Taxing more can drive capital away, says CEA V Anantha Nageswaran

EPFO subscribers may get services at par with banking, including ATM access

Sebi clarifies 'excused investor' norms for AIF pro-rata distribution

Sebi mulls facilitating participation of retail investors in algo trading

Aviva's India executives approve brokerage model queried by tax officials

FinMin asks banks to closely monitor NCLT, NARCL cases to reduce delays

GST department asks Zomato to pay Rs 800 crore in taxes, fines

Irdai to introduce norms for more qualified insurance sales personnel

Samsung accuses India watchdog of detaining employees, seizing data

Competition in financial sector can lead to excessive risk taking, bringing instability: CEA Nageswaran

Sebi issues warning letter to HDFC Bank for regulatory non-compliance

New SIP rule: SEBI mandates MF companies to process cancellations in 2 days

Bank account, bank locker rule change

PAN 2.0: A master-key to access digital system and govt services

Sebi expands insider trading net

 

International News:

PCAOB could be defanged by incoming Trump administration

ECB cuts rates 25 bps to 3% amid worsening growth outlook for Euro zone

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Exposure Draft:

SEBI Draft:

Participation of retail investors in algorithmic trading
[Last date for Comments: January 3, 2025] 

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Useful Forms:

New Income Tax Form:

Form No.3CEFC
Application for opting for safe harbour for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head "Profits and gains of business or profession"

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International Content:

FASB Reference Material:

FASB Accounting Standard Update
Debt—Debt with Conversion and Other Options (Subtopic 470-20)
Induced Conversions of Convertible Debt Instruments
[November 2024]

 

IAASB Reference Materials:

Handbook of International Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements
[2023–2024 Edition]

Volume 1

Volume 2

Volume 3

Volume 4 - Supplement to the Handbook

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Legal Updates:

Income Tax:

Amendment to Notification No.44/2020 [Notification No.127]

 

GST:

Seeks to appoint common adjudicating authority for Show cause notices issued by officers of DGGI [CGST Notification No.31]

 

SEBI:

Pro-rata and pari-passu rights of investors of AIFs

Classification of Corporate Debt Market Development Fund (CDMDF) as Category I Alternative Investment Fund

Relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs (outstanding as on December 31, 2023)

SEBI (Issue and Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024

 

DGFT:

EPCG Scheme - Applicability of amendment to Para 5.10(c) of Hand Book of Procedures 2015-20 (Mid-Term Review) [Circular No.10]

Corrigendum to Public Notice no. 30/2024-2025 dated 01.11.2024 on amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M- 1 to M-8 for export of jewellery

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