Daily Newsletter - November 22, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IFSCA Draft

SEBI Draft

FASB Drafts

Acts & Regulations:

SEBI Regulations

Legal Updates:

Income Tax

IFSCA

SEBI

Customs

Central Excise

 

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News Update:

Indian News:

Sebi's new AIF rules ensure fair share of rewards and risks for investors

UPI 123Pay transaction limit doubles to Rs 10,000 for feature phone users

Sebi investigating if Adani group flouted disclosure rules

Ensure employees' UAN is active to avail ELI scheme benefits: Govt to EPFO

RBI, Maldives Monetary Authority sign pact to promote local currency use

Piyush Goyal urges industry to play proactive role in helping govt in Ease of Doing Business agenda, raise quality standards

NSE, BSE refute reports of reduced stocks for margin funding, confirm no changes made

Sebi abolishes 1% mandatory security deposit requirements in public issues

German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sent

Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin

 

International News:

PCAOB adopts far-reaching metrics and reporting standards

New PwC assurance leader works to improve audits

IFRS Foundation publishes guide to help companies identify sustainability-related risks and opportunities and material information to provide

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Exposure Drafts:

IFSCA Draft:

Consultation Paper on proposed IFSCA (Capital Market Intermediaries) Regulations, 2024
[Last date for Comments: December 12, 2024] 

 

SEBI Draft:

Consultation Paper on Process for appointment of specific KMPs of an MII; and cooling-off period for KMPs and Directors of an MII joining a competing MII
[Last date for Comments: December 12, 2024] 

 

FASB Drafts:

Financial Key Performance Indicators for Business Entities
[Last date for Comments: April 30, 2025] 

Proposed Accounting Standards Update
Government Grants (Topic 832)
Accounting for Government Grants by Business Entities
[Last date for Comments: March 31, 2025] 

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Acts & Regulations:

SEBI Regulations:

SEBI (Alternative Investment Funds) Regulations, 2012
[Last amended on November 18, 2024]

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Legal Updates:

Income Tax:

Specifying Forms prescribed in Appendix-II of the Income Tax Rules 1962, to be furnished electronically under sub-rule (1) and sub-rule (2) of Rule 131 of the Income-tax Rules, 1962 [Notification No.6/2024]

 

IFSCA:

Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022

Principles to mitigate the Risk of Greenwashing in ESG labelled debt securities in the IFSC

 

SEBI:

SEBI (Bankers to an Issue) (Amendment) Regulations, 2024

SEBI (Buy-Back of Securities) (Second Amendment) Regulations, 2024

Withdrawal of Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount

SEBI (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024

 

Customs:

Clarifications on the applicability of concessional duty under IGCR Rules, 2022 in certain instances [Circular No.26]

Implementation of automation in the Customs Import of Goods at Concessional Rate of Duty or for Specified End Use Rules, 2022 [Circular No.25]

Notifying commodities from Border Haats namely Balat, Kalaichar, Srinagar, Kamalasagar, Bholaganj, Nalikata and Ryngku Border Haats by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994 [Notification No.82(NT)]

Notification of Chhara Port as Customs Seaport [Notification No.81(NT)]

 

Central Excise:

Seeks to amend No. 11/2017-Central Excise, dated the 30th June,2017 so as to align it with amended Fourth Schedule to Central Excise Act,1944 [Notification No.28]

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