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Daily Newsletter - November 7, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

IBBI Draft

Acts & Regulations:

RBI Master Direction

Legal Updates:





News Update:

Indian News:

IBBI suggests project-based insolvency, excludes allotted property

Will not accept unfair taxes on steel, aluminum industry: Piyush Goyal

CBIC clarifies on GST implications for electricity charges

Punjab govt gives Diwali gift to over 60,000 traders by introducing OTS of pre-GST arrears

Auditors questioning companies is a good sign: NFRA Chief

Stage set for rollout of legally mandated accounting standards for LLPs

Ahead of FATF review, Centre takes multiple measures to implement recommendations

Bid for transparency: India's corporate affairs ministry calls for regular general meetings of companies

Sebi exploring non-disruptive approach to instant equity trade settlement

The taxman wants to know if Indians are taking the FPI route to mask investments

Centre may allow CAs to cater to non-financial services clients from GIFT IFSC

Indore: Business And Tax Consultants Demand Revised Returns In GST

REITs, InvITs collect Rs 18,658 cr in Apr-Sep on robust infra demand

RBI imposes penalty on PNB, Federal Bank, 2 other entities


International News:

PwC plans to cut around 600 UK jobs

Australia: Smaller firms slam accounting regime as ‘useless’

AI bot capable of insider trading and lying, say researchers

Can ChatGPT Pass the CFA Exam? AI Researchers Tried to Find Out

Exposure Draft:

IBBI Draft:

Discussion Paper - Real-Estate Related Proposals - CIRP & Liquidation
[Last date for Comments: November 28, 2023] 

Acts & Regulations:

RBI Master Direction:

Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices

Legal Updates:


Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Gujarat and Puducherry



Participation in Account Aggregator Framework as Financial Information User



Introduction of Centralized Video Conference Facility at DGFT Headquarters [Trade Notice No.32]



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