caalley logo

The alley for Indian Chartered Accountants

Daily Newsletter - May 17, 2024

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

SEBI Master Circulars

Legal Updates:


IRDAI (Master Circulars)


Central Excise



News Update:

Indian News:

Online MSMEs flag GST license challenges in Tamil Nadu

[Indian] Big Five auditors sulk over lack of fair remuneration

Finance Ministry asks SBI to form committee to tackle co-lending issues

At 269, NCLT approves record resolutions under IBC in FY24: IBBI data

IGST exemption: AAR ruling may set precedent for foreign client services

GST AAR: Acting as a marketing, recruiting or referral consultant to foreign universities can qualify as exports

Compliance plays a big part in helping Indian MSMEs grow exports

Around 700 surety bonds worth Rs 3,000 cr issued by Insurance cos so far

RBI set to meet ARCs on May 17; may discuss borrowing, settlement process


International News:

AICPA approves revised attestation standards

KPMG Leads in IPO Audit Clients for Q1 of 2024

Crowe UK slapped with £144,000 audit fine

Exposure Draft:

SEBI Draft:

Consultation paper on facilitating investments by Indian Mutual Funds in such overseas funds that invest certain portion of their assets in Indian securities
[Last date for Comments: June 7, 2024] 

Acts & Regulations:

SEBI Master Circulars:

Master Circular for Credit Rating Agencies (CRAs) [Published on May 16, 2024]

Master Circular for ESG Rating Providers (ERPs) [Published on May 16, 2024]

Master Circular for Debenture Trustees (DTs) [Published on May 16, 2024]

Legal Updates:


Advisory: Information from manufacturers of Pan Masala and Tobacco taxpayers



Master Circular on Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers, 2024

Master Circular on Expenses of Management, including Commission, of Insurers, 2024



Exchange Rate Notification No. 36/2024-Cus (NT) dated 16.05.2024 [Notification No.36(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.35(NT)]

Seeks to impose Anti-dumping duty on import of 'Pentaerythritol' from China PR, Saudi Arabia and Taiwan for 5 years, pursuant to final findings issued by DGTR [Notification No.8(ADD)]


Central Excise:

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude [Notification No.14]



Read more on:
Don't miss an update!
Subscribe to our newsletter