Daily Newsletter - March 3, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

International Content:

IFRS Educational Material

Legal Updates:

GST

SEBI

RBI

DGFT

Customs

 

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News Update:

Indian News:

Lenders must be empathetic to MSMEs in distress: RBI Deputy Governor

Sebi ups disclosure norms of key metrics for IPO-bound companies

Irdai retains obligatory cession at 4% for FY26, third year in a row

Paytm parent failed to file required reports to RBI: ED on Rs 611 cr notice

I-T Dept investigates unlisted share transactions, tax evasion in OFS deals

DEA Secretary Ajay Seth gets additional charge as Revenue Secretary

Irdai allows insurers to hedge volatility through equity derivatives

Sebi modifies guidelines on nomination facilities in securities market

Explained: What does Sebi’s new asset class Specialized Investment Fund offer

  

International News:

IASB updates IFRS for SMEs

PCAOB quizzes auditors on new confirmation standard

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International Content:

IFRS Educational Material:

Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS S2
[January 2025]

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Legal Updates:

GST:

Enhancements in Biometric Functionality - Allowing Directors to Opt for Biometric Authentication in Their Home State

  

SEBI:

Notification under Section 2(1)(u) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Industry Standards on Key Performance Indicators (“KPIs”) Disclosures in the draft Offer Document and Offer Document

Amendments and clarifications to Circular dated January 10, 2025 on Revise and Revamp Nomination Facilities in the Indian Securities Market

  

RBI:

Reporting and Accounting of Central Government transactions for March 2025

  

DGFT:

Difficulty in closure of Advance Authorisation due to space constraints in the description column of the shipping bills [Trade Notice No.32]

Fixation of SION No. A-3684 under Chemical & Allied Product [Public Notice No.49]

  

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.12(NT)]

Admissibility of AIR of duty drawback on export goods manufactured from inputs, some of which are non-duty paid [Instruction No.1]

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