Daily Newsletter - March 21, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Drafts

From the ICAI:

ICAI Publication - GST

ICAI FAQs

International Content:

PCAOB Reference Material

Legal Updates:

IBBI

RBI

SEBI

DGFT

Customs

 

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News Update:

Indian News:

No tax demand can be raised after resolution plan approval, says SC

NRIs getting income tax notices for claiming lower tax rate benefit under DTAA; Know how to resolve this situation

Exports from SEZs and EOUs till Feb 5 eligible for Rodtep scheme benefits

UPI apps must get user consent for seeding or porting UPI numbers: NPCI

UPI services will be unavailable for some users from April 1; check here

Govt replaces 'certificate' with 'proof' in Rules of Origin regulations

Sebi proposes key changes for EBP, RFQ platforms to strengthen debt market

Unified Pension Scheme: PFRDA notifies UPS new rules, applicable from April 1, 2025

New India Assurance gets Rs 124.98 cr demand notice from Income Tax dept

Indranil Bhattacharyya appointed as new executive director of RBI

Mere ‘legal’ owner of property needn’t pay cap gains tax: ITAT

Sebi allows storage, access of demat, mutual fund holdings in DigiLocker. Check 4 benefits

  

International News:

US Fed's wait-and-see approach gives respite to tariff-struck investors

PCAOB names advisory group members

US Fed holds interest rates steady amid projected growth slowdown

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Exposure Drafts:

SEBI Drafts:

Consultation paper on facilitation to SEBI registered Stock Brokers to undertake securities market related activities in Gujarat International Finance Tech-city – International Financial Services Centre (GIFT-IFSC) under a Separate Business Unit (SBU)
[Last date for Comments: April 11, 2025] 

Consultation paper on review of provisions pertaining to Electronic Book Provider (EBP) Platform and Request For Quote (RFQ) Platform
[Last date for Comments: April 10, 2025] 

Consultation Paper on certain Amendments to SEBI (ICDR) Regulations, 2018, (“ICDR Regulations”) and SEBI (SBEB & SE) Regulations, 2021,(“SBEB Regulations”)
[Last date for Comments: April 10, 2025] 

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From the ICAI:

ICAI Publication - GST:

Guide to CA Certificates in GST [Revised - December 2024]

  

ICAI FAQs:

FAQs on Unique Document Identification Number (UDIN) - 5th Edition (Revised in January, 2025)

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International Content:

PCAOB Reference Material:

PCAOB Spotlight Report
Considerations for Audit Firms Using the Work of Specialists
[February 2025]

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Legal Updates:

IBBI:

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Amended upto 03.02.2025)

IBBI (Inspection and Investigation) Regulations, 2017 (Amended upto 29.01.2025)

IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 (Amended upto 29.01.2025)

IBBI (Voluntary Liquidation Process) Regulations, 2017 (Amended upto 29.01.2025)

IBBI (Liquidation Process) Regulations, 2016 (Amended upto 29.01.2025)

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 (Amended upto 29.01.2025)

  

RBI:

Amortisation of additional pension liability - Implementation of Pension Scheme in RRBs with effect from November 1, 1993 - Prudential Regulatory Treatment

RBI (Financial Statements - Presentation and Disclosures) Directions, 2021: Clarifications

  

SEBI:

Industry Standards on “Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction”

Facilitating ease of doing business relating to the framework on “Alignment of interest of the Designated Employees of the Asset Management Company (AMC) with the interest of the unitholders”

Disclosure of holding of specified securities and Holding of specified securities in dematerialized form

Online Filing System for reports filed under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

  

DGFT:

Extension of RoDTEP for AA/SEZ/EOU upto 5.2.2025 [Notification No.66]

Extension of the last date for filing Annual RoDTEP Return (ARR) for Financial Year 2023-24 [Public Notice No.51]

Review of SIONs pertaining to Automobile tyres [Trade Notice No.34]

  

Customs:

Seeks to amend notification No. 09/2012-Customs, dated 09.03.2012 to provide for variance in height of re-imported diamonds [Notification No.18]

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