Daily Newsletter - July 17, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Useful Forms:
Acts & Regulations:
Legal Updates:
News Update:
Take KYC seriously: RBI’s clear message to fintechs
Sebi proposes new asset class for risk takers
Fraud detection framework: Quant MF affair triggers rush to apply new rules
Irdai imposes penalty of Rs 2 crore on Bajaj Finance, Aegon Life Insurance
Banks look to form their own self-regulatory body for fintechs
Govt implements uniform 5% tax for all aircraft, aircraft engine parts
Defaulting borrowers should be heard before being declared 'fraud': RBI
Internal auditing to undergo major transformation, says IIA
KPMG takes lead in Q1 SEC audit clients
PwC weighs halving of China financial services audit staff, Reuters reports
Exposure Drafts:
Exposure Draft - Audit Quality Maturity Model (AQMM) version 2.0
[Last date for comments: August 2, 2024]
Public Consultation on proposed amendments to IFSCA (Registration of Insurance Business) Regulations, 2021
[Last date for Comments: July 30, 2024]
Useful Forms:
The following MCA eForm has been updated:
Form SCP
Serious Complaint Form
Acts & Regulations:
Legal Updates:
Advisory: Integrated Services from NIC-IRP e-invoice-1 and e-invoice-2 Portals
Clarifications regarding applicability of GST on certain services [Circular No. 228]
Seeks to amend notification No. 2/2017- Central Tax (Rate) [No.3/2024-Central Tax (Rate)]
Seeks to amend notification No. 1/2017- Central Tax (Rate) [No.2/2024-Central Tax (Rate)]
Seeks to amend notification No. 2/2017- Integrated Tax (Rate) [No.3/2024-Integrated Tax (Rate)]
Seeks to amend notification No. 1/2017- Integrated Tax (Rate) [No.2/2024-Integrated Tax (Rate)]
The Companies (Incorporation) Amendment Rules, 2024
IFSCA (Banking) (Amendment) Regulations, 2024