Daily Newsletter - June 20, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Drafts

Acts & Regulations:

IBBI Regulations & Guidelines

SEBI Master Circular

Useful Forms:

IBBI Forms

Legal Updates:

GST

MCA

RBI

Customs

News Update:

Indian News:

BSE introduces AI tool to speed up SME IPO document checks

Ramann takes charge as PFRDA chief

Big Four, other global firms push back against draft ICAI rules

VCs love start-ups—But why are they turning away from MSMEs?

NPCI introduces real time PAN-Bank Account linking on income tax website; taxpayers may get faster income tax refunds

Indian money in Swiss banks jumps more than three times in 2024, hits Rs 37,600 crore, data shows

India slaps five-year anti-dumping duties on aluminium foil, Pretilachlor & Acetonitrile from China, Taiwan and Russia

RBI issues project finance norms for banks, NBFCs

India reaches 15th spot in top FDI destinations in 2024: UNCTAD report

Tax amnesty scheme deadline will not be extended beyond June 30: Balagopal

Applying for PAN Card? Aadhaar to be mandatory for Permanent Account Number; new rule likely from July 1, 2025

Work pressure drives young chartered accountant to suicide in Hyderabad

As RBI probes lapses, Standard Chartered Bank sees exits from forex desk

Unified pension scheme revised: Central employees to receive OPS-like gratuity; Rs 10k minimum pension

RBI’s new rule on gold-backed loan will lead to biz model adjustment: S&P

No more spam calls from banks for loans, credit cards: TRAI, RBI join forces to provide relief to customers

International News:

KPMG fined £1.25m for Carr’s Group audit breaches

PCAOB sanctions firm, partner on five audits

Exposure Drafts:

SEBI Drafts:

Consultation Paper on guidelines for responsible usage of AI/ML In Indian Securities Markets
[Last date for Comments: July 11, 2025]
 

Modification of Unique Client Code by Market Makers (MMs) of ETFs and certain institutional and non-institutional clients including clients clearing through custodians without levy of penalty
[Last date for Comments: July 11, 2025]
 

Acts & Regulations:

IBBI Regulations & Guidelines:

IBBI Regulations:

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Amended upto 26.05.2025)

IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (Amended upto 19-05-2025)

IBBI Guidelines:

The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2025 (Issued on May 27, 2025)

SEBI Master Circular:

Master Circular for Stock Brokers  [Updated as on June 17, 2025]

Useful Forms:

IBBI Forms:

All IBBI Forms have been updated

Legal Updates:

GST:

Advisory: Handling of Inadvertently Rejected records on IMS

Advisory to file pending returns before expiry of three years

MCA:

Notification regarding designation of Special Courts

RBI:

Reserve Bank of India (Project Finance) Directions, 2025

Customs:

Use of ICETABs for efficient export examination and clearance [Circular No.17]

Amendment in Import Policy of specify items covered under Chapter 71 of ITC (HS) 2022 of Schedule-I (Import Policy) [Instruction No.17]

Seeks to impose Anti Dumping Duty on imports of “ “Pretilachlor in any of its form & its intermediate – 2, 6-Diethyl-n-(2-propoxy ethyl) Aniline (also known as PEDA) ” originating in or exported from China PR [Notification No.17(ADD)]

Seeks to impose Anti Dumping Duty on imports of ‘Acetonitrile’ originating in or exported from China PR, Russia and Taiwan [Notification No.16(ADD)]

Seeks to impose ADD on Aluminium Foil upto 80 micron , originating in or exported from China PR [Notification No.15(ADD)]