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The alley for Indian Chartered Accountants

Daily Newsletter - May 24, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Drafts

Acts & Regulations:

SEBI Master Circular

Legal Updates:








News Update:

Indian News:

Soon, all health insurance claims will be processed via centralised platform NHCX

‘Daunting task to create Big 4-like audit firm out of India’

India mulls GST relief for foreign airlines; fitment committee to review

ITR filing 2024: Rent receipts and landlord's PAN mandatory for HRA claims

Sebi proposes relaxation in valuations of AIFs' investment portfolio

Sebi proposes measures to ease ESG disclosures by listed companies

'Right to practice profession not unrestricted,' SC upholds limits of tax audits for CAs

ED makes 5th arrest in Mumbai Income Tax refund fraud case

Consultations underway at MCA for expansion of audit firms in India

Mandatory scrutiny of ITR: Income tax dept reveals the criteria how the ITRs will be selected for the scrutiny

Sebi slaps Rs 11.90 cr fine on 19 entities for 'pump and dump' scheme

MCA fines LinkedIn India, Nadella, 8 others for companies law violations

Sebi amends rule to facilitate ease of doing biz for cos planning IPOs


International News:

OpenAI signs content agreement with WSJ parent News Corp to train AI models

Exposure Drafts:

SEBI Drafts:

Consultation Paper on review of certain aspects of the framework for valuation of investment portfolio of AIFs
[Last date for Comments: June 13, 2024] 

Consultation Paper on the Recommendations of the Expert Committee for Facilitating Ease of Doing Business with respect to Business Responsibility and Sustainability Report (BRSR)
[Last date for Comments: June 12, 2024] 

Acts & Regulations:

SEBI Master Circular:

Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
[Published on May 22, 2024]

Legal Updates:


Report of the Working Group for the Development of Non-Resident Individual (both Indian as well as Foreign) Business and Ease of Registration



Internal Review – Interim Recommendations – Withdrawal of Circulars



Modification in Staggered Delivery Period in Commodity Futures Contracts

Audiovisual (AV) presentation of disclosures made in Public Issue Offer Documents



Master Circular on Corporate Governance for Insurers, 2024



Disposal of Unmanned Aircraft Systems (UAS)/Unmanned Aerial Vehicles Systems (UAV)/Remotely Piloted Aircraft Systems(RPAS)/ Drones [Circular No.5]



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