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Daily Newsletter - February 21, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:


Acts & Regulations:

IBBI Regulations

Legal Updates:








News Update:

Indian News:

PFRDA notifies amendments to National Pension System Trust and Pension Fund Regulations for Good Governance

Reserve Bank bolsters oversight of fintech firms with more inspections

Lenders form panel to protect bank executives against graft cases

ICAI to suggest ways to improve country's tax to GDP ratio, says Agarwal

Irdai to introduce collaterals for reinsurance transactions with CBRs

Sebi uncovers $241 million accounting issue at Zee

MCA notifies leniency plus regime under the Competition Act 2023

India decides to study the proposal for Brics currency, minus China

A third of withdrawn insolvency processes fully settled, says IBBI

UK says India needs to open its markets much more for a successful FTA

Personal guarantors face more insolvency heat


International News:

KPMG Study Reveals Surprising Plan for ESG Spending by Companies

Exposure Draft:

IRDAI Draft:

Exposure Draft Guidelines on Collateralized reinsurance transactions for placement of reinsurance business with Cross Border Reinsurers
[Last date for Comments: March 5, 2024] 

Acts & Regulations:

IBBI Regulations:

IBBI (Liquidation Process) Regulations, 2016 (Amended upto 12.02.2024)

Legal Updates:


Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced portal



Deployment and usage of Change Request Form (CRF) on MCA-21 [Circular No.2]



The CCI (Lesser Penalty) Regulations, 2024

Coming into force of section 33 of the Competition Amendment Act 2023



Centralization of certifications under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC Registration Agencies (KRAs)



Modifications to the Master Circular to Unclaimed Amounts of Policyholders



Seeks to amend Notification 11/2021-Cus dated 01.02.2021 in order to exempt AIDC on goods falling under tariff item 5201 00 25 [Notification No.11]

Seeks to amend notification No. 50/2017- Customs dated 30.06.2017 [Notification No.10]

Compliance of imported consignments of Boric Acid (Technical Grade) with notified Bureau of India Standards (Standards for Boric Acid) Order, 2019 [Instruction No.3]



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