Daily Newsletter - November 12, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Reference Section:
Legal Updates:
News Update:
NFRA recommends revision of the SCQ1, SQM1 and SQM2 on the lines of the global Standards
Plans afoot to put LLPs and cos on par in accounting
India may lift tariffs if it doesn't harm domestic industry: FM Sitharaman
Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
New trading options for investors: UPI block mechanism and 3-in-1 accounts
Non-disclosure of foreign property in ITR invites Rs 10L penalty per year
Simplify T&Cs in insurance policies to cut complaints: Irdai panel member
RBI, Sebi issue framework for FPI to FDI investment reclassification
PSBs explore new route to home loan evaluation
Tax appeals pending, recovery halted
Soon, collateral-free loan for MSMEs: FM
Sebi looks to expand scope of unpublished price-sensitive information
GST, customs, excise case hearings to be virtual by default now: Expert views on pros and cons
PCAOB Publishes Extra Guidance on Remediation Process
Exposure Drafts:
Consultation Paper on “Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty”
[Last date for Comments: December 2, 2024]
Consultation Paper on proposed review of the definition of Unpublished Price Sensitive Information under SEBI (Prohibition of Insider Trading) Regulations, 2015 to bring regulatory clarity, certainty and uniformity of compliance in the ecosystem
[Last date for Comments: November 30, 2024]
Reference Section:
Income Tax Rates - AY 2025-26 and 2024-25
Legal Updates:
Advisory regarding IMS during initial phase of its implementation
Consolidated IFSCA (Registration of Insurance Business) Regulations, 2021
Simplified registration for Foreign Portfolio Investors (FPIs)
Trading supported by Blocked Amount in Secondary Market
Procedure for reclassification of FPI investment to FDI
De-Notification of ICD Pimpri, Maharashtra [Notification No.76(NT)]
