Daily Newsletter - July 5, 2024
Latest additions to CAalley:
News Update:
Exposure Draft:
Useful Forms:
Legal Updates:
News Update:
RBI imposes a monetary penalty of Rs 1.32 crore on Punjab National Bank
RBI imposes penalty on YES Bank for not exchanging mutilated notes
RBI launches quarterly survey on order books of manufacturing sector
Sebi issues guidelines to streamline operations of credit rating agencies
RBI has cancelled licence of 7 co-operative banks since Jan: Here's why
Demat account KYC: Why it matters more than ever for Indian investors
DPIIT close to finalising model to launch Producer Price Index in India
Paytm Bank, auditor lock horns over business viability
Sebi chair Madhabi Puri Buch urges industry to report mischief in markets
Sebi mandates institutional mechanism for fraud prevention in stock broking
Sebi eases passive fund rule, allows higher exposure in sponsor group firms
ICAI assures of action after women asked to move ‘out of sight’ of Swami Gyanvatsal at Kolkata event
Sebi notifies institutional mechanism for brokers to prevent mkt abuse
RBI governor Das asks banks to strengthen governance, risk management
ED arrests 3 including CA for fraudulent take over of insolvent company
GST Council decisions to be incorporated in the Finance Bill: CBIC Chief
[US] Financial restatements drop, a good sign for reporting quality
Exposure Draft:
Consultation Paper on Treatment of interest income by Clearing Corporations (CCs) on cash collaterals received from Clearing Members (CMs) and upstreamed client funds
[Last date for Comments: July 25, 2024]
Useful Forms:
The following utilities have been updated:
Common Offline Utility (ITR 1 to ITR 4)
Windows Utility
MAC Utility
ITR 2
Excel Utility
Schema
Schema Change Document
ITR 3
Excel Utility
Schema
Schema Change Document
ITR 5
Windows Utility
MAC Utility
Legal Updates:
Enhancements to Address-Related Fields in GST Registration Functionalities
Release of foreign exchange for Miscellaneous Remittances
Online submission of Form A2: Removal of limits on amount of remittance
Measures for Ease of Doing Business for Credit Rating Agencies (CRAs) – Timelines and Disclosures
Modification to Enhanced Supervision of Stock Brokers and Depository Participants
Reduction in denomination of debt securities and non-convertible redeemable preference shares
