Daily Newsletter - June 5, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

CA's Referencer

Legal Updates:

Income Tax

MCA

IRDAI

Customs

News Update:

Indian News:

Life certificate submission at any branch, online deposit claim settlement: RBI committee's major recommendations

RBI-appointed panel suggests host of customer-centric initiatives for banks

Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao

Banks’ digital payments frauds nearly double in FY23

Ex-SEBI Chairman Ajay Tyagi criticises independent directors for quitting on flimsy grounds, calls them gatekeepers for good governance

Companies can file CSR report for FY23 by March next year: MCA

Excellent results from tech in detecting tax evasion: CBDT Chief

RBI may consider changing CRR computation timing

Fake companies and eway bills to spin Rs 10,000-crore GST fraud

Filings on MCA portal surge since Jan revamp

RBI imposes Rs 2.2 crore penalty on Indian Overseas Bank for non-compliance

IRDAI directs SBI Life to take over Sahara India Life Insurance business

International News:

Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

Reference Section:

CA's Referencer:

Indian Accounting Standards (Ind AS): Disclosures Checklist
(Revised November 2022)

Legal Updates:

Income Tax:

Condonation of delay in filing refund claim and claim of carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961 [Circular No.7]

MCA:

The Limited Liability Partnership (Amendment) Rules, 2023 - New Form No.3

The Companies (Accounts) Second Amendment Rules, 2023 - Filing of Form CSR-2

IRDAI:

Exposure Limits for Investments in National Bank for Financing Infrastructure and Development

Customs:

Electronic Repairs Services Outsourcing (ERSO) – initiation of pilot at ACC Bengaluru [Circular No.14]