Daily Newsletter - May 22, 2024
Latest additions to CAalley:
News Update:
Exposure Draft:
Acts & Regulations:
International Content:
Legal Updates:
News Update:
Reserve Bank board approves transfer of Rs 2.11 trillion surplus to govt
EPFO update: Now, EPF death claims can be processed without seeding Aadhaar
Flipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million
Zee shelled out Rs 432 crore on failed merger with Sony unit
FM Nirmala Sitharaman asks ICAI to set up 'Big 4'- like Indian firm
Clarification likely on GST on NBFC co-lending
Sebi changes rule to determine mcap, 6-month average to be used now
NFRA bars auditors of 2 Anil Ambani group cos
GST officers working on registration mechanism for 'shared warehouse' for e-commerce suppliers
ED Mumbai arrests businessman in income tax refund fraud of ₹263 crore
RBI in talks with Sebi to allow mutual funds to sell debt to ARCs
Market regulator Sebi offers shield against M&A stock price disruptions
EY, KPMG upgrade AI capacities for auditors
PCAOB fines MaloneBailey $400K for quality control violations
Auditors failed to raise alarm before 75pc of UK corporate collapses
Exposure Draft:
Consultation Paper on the recommendations of the Expert Committee for facilitating Ease of Doing Business under MB Regulations, BTI Regulations and Buyback Regulations
[Last date for Comments: June 11, 2024]
Acts & Regulations:
Master Circular for Stock Brokers [Published on May 22, 2024]
Master Circular for Investment Advisers [Published on May 21, 2024]
Master Circular for Research Analysts [Published on May 21, 2024]
Master Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper [Published on May 21, 2024]
International Content:
Root Cause Analysis – An Effective Practice To Drive Audit Quality
[April 2024]
Legal Updates:
Industry Standards on verification of market rumours
Framework for considering unaffected price for transactions upon confirmation of market rumour
