Daily Newsletter - February 14, 2025
Latest additions to CAalley:
News Update:
Exposure Drafts:
Reference Section:
Legal Updates:
News Update:
Poor governance: RBI replaces New India Co-op Bank's board for 12 months
DGGI Pune uncovers Rs 1,196 cr GST fraud involving multiple pvt firms
PwC rejigs key leadership roles to strengthen India presence from April
FinMin asks ICAI to review new Income Tax Bill 2025, suggest improvements
Customers panic as RBI bans withdrawals from New India Co-operative Bank
Trump's 'golden rule' for imposing reciprocal tariffs and what they mean for US allies, explained
Tax yr, crypto, salary deductions: What you should know about New Tax Bill
Sebi seeks broader powers to remove unauthorised fin advice from soc media
RBI flags FEMA breach in overseas guarantees, seeks corporate compliance
How IP address, phone number lifted veil off Rs 250cr GST fraud in Gurgaon
IBBI mandates timely reporting of insolvency assignments on portal
Ensure fair treatment to customers, RBI Guv Malhotra urges NBFCs
Sebi seeks greater access to social media records to curb market violations
RBI allows pre-approved credit lines on UPI from small finance banks
Sebi platform MITRA to help investors trace inactive mutual fund folios
NCAER paper recommends states to create independent fiscal councils
Foreign companies selling crude oil to India will have to pay zero tax, says new Income Tax Bill
PCAOB sanctions former Deloitte Colombia partner
PCAOB sanctions partner for altering workpapers
Exposure Drafts:
Exposure Draft of Accounting Standards for Limited Liability Partnerships
[Last date for Comments: February 28, 2025]
Consultation on Draft Circulars - Review of - (a) disclosure of financial information in offer document / placement memorandum, and (b) continuous disclosures and compliances by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)
[Last date for Comments: March 7, 2025]
Consultation Paper on Draft Circular on “Strengthening of ESG Rating Providers (ERPs)”
[Last date for Comments: March 6, 2025]
Consultation paper on Introduction of format for No-objection Certificate (NOC)/ Consent Letter to be submitted by existing charge holders to issuer
[Last date for Comments: March 5, 2025]
Reference Section:
The Income Tax Bill, 2025 with FAQs, Corrigenda & Navigator
As published by Income Tax Department
Legal Updates:
Advisory for GST Registration Process (Rule 8 of CGST Rules, 2017)
Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2025
Remote Trading Participants on the Stock Exchanges
Revised timelines for issuance of Consolidated Account Statement (CAS) by Depositories
Relaxation in timelines for holding AIFs’ investments in dematerialised form
SEBI (Investor Charter) (Amendment) Regulations, 2025
SEBI (Depositories and Participants) (Amendment) Regulations, 2025
SEBI (Intermediaries) (Amendment) Regulations, 2025
