Daily Newsletter - December 6, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
Legal Updates:
News Update:
RBI to introduce new benchmark SORR based on secured money markets
De-dollarisation is not our objective, says RBI Governor Shaktikanta Das
Audit firms yet to meet many norms: NFRA
How companies are adopting real-time audits to boost responsiveness, explains expert
New AI tool MuleHunter.ai by RBI to help reduce digital frauds
RBI raises rates for non-residents to attract forex, halt rupee losses
RBI allows small finance banks to offer pre-sanctioned credit via UPI
RBI's Shaktikanta Das has a few suggestions for banks to further boost India's financial strength
Sebi proposes auction process to determine stock closing price
ICAI intensifies disciplinary action against errant CAs
Some ATMs to retract cash to tackle fake shutter overlay fraud: RBI
Cyberattacks to spike in 2025; healthcare and finance sectors at risk: Report
ED arrests two CAs, one crypto trader in ₹640-crore cyber fraud case
Telangana HC admits plea to quash ICAI’s disciplinary proceedings
FM Nirmala Sitharaman to start pre-Budget consultation with various stakeholders from December 6
EPFO to give time till Dec 15 to activate UAN for financial scheme
Sebi notifies rules on uniform standards for nomination facilities across securities markets
Platforms to be created for discussions with CBI to expedite investigation in bank fraud cases
Specified digital platforms not obligated to register, clarifies Sebi
PCAOB finds audit firm culture impacts quality
Grant Thornton LLP Named Top Audit Firm in U.S. by Private Equity Wire
Exposure Drafts:
Consultation Paper on draft circular to provide clarity on provisions related to association of persons regulated by the Board, MIIs, and their agents with persons carrying on prohibited activities
[Last date for Comments: December 27, 2024]
Consultation Paper on “the proposed framework for devolvement of In-The-Money (ITM) single stock option contracts into futures, 1 day prior to expiry, to mitigate the potential risks arising from sudden movement of Out-of-The-Money (OTM) option contracts to ITM option contracts near expiry in the context of physical settlement in the derivatives segment”
[Last date for Comments: December 26, 2024]
Consultation paper on Introducing Close Auction Session in Equity Cash segment
[Last date for Comments: December 26, 2024]
Measure for ease of doing business – Settlement of Account of Clients who have not traded in the last 30 days
[Last date for Comments: December 26, 2024]
Acts & Regulations:
SEBI (Depositories and Participants) Regulations, 2018
[Updated upto December 2, 2024]
SEBI {KYC (Know Your Client) Registration Agency} Regulations, 2011
[Updated upto November 28, 2024]
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
[Updated upto November 28, 2024]
SEBI (Settlement Proceedings) Regulations 2018
[Updated upto November 28, 2024]
SEBI (Index Providers) Regulations, 2024
[Updated upto November 28, 2024]
SEBI (Delisting of Equity Shares) Regulations, 2021
[ Updated upto November 28, 2024]
SEBI (Custodian) Regulations, 1996
[ Updated upto November 28, 2024]
SEBI (Credit Rating Agencies) Regulations, 1999
[ Updated upto November 28, 2024]
SEBI (Buy-Back of Securities) Regulations, 2018
[ Updated upto November 28, 2024]
Useful Forms:
The following ITR eFiling Utilities have been updated:
Legal Updates:
Advisory on mandatory Sequential Filing of GSTR-7 Returns as per Notification No.17/2024
Credit Flow to Agriculture – Collateral free agricultural loans
Maintenance of Cash Reserve Ratio (CRR)
Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits
Launch of Revamped Preferential Certificate of Origin (eCoO) 2.0 System [Trade Notice No.23]
Corrigendum to Notification No. 26/2024-Customs (ADD)
