CAalley Newsletter dated January 13, 2023
Latest additions to CAalley:
News:
Exposure Drafts:
Legal Updates:
News Update:
Sebi allows virtual meetings for REITs, InVITs unitholders via video call
Sebi notices to PE, VC funds for flouting rules
Mandatory joint audit to start with big firms
GST would apply if a rented residential building is sublet as hostel: AAAR
India lets banks use face recognition, iris scan for some transactions: Sources
Fake invoice racket busted, one arrested
NPS subscribers: Bank account verification, name/PAN matching to get faster
RBI open to non-bank arms route to end stalemate with ESMA: Report
Transparency audits will strengthen RTI
Sebi allows exchanges to launch multiple contracts in same commodity
No TDS on remunerations, salaries or commission paid to partners: ITAT
SEBI allows mutual funds with active ELSS to launch passive schemes
ICAI plans guidelines to control gaps in audits
NARCL gets ₹ 15,300-crore blanket guarantee to tackle bad loans
CBIC to release list of identified goods to check undervaluation of imports
RBI likely to tweak loan recovery framework for asset reconstruction companies
Tiruchi traders stick posters against ‘test purchase’ under GST
Auditors’ regulator seeks e-locker for audit docus
Budget Session 2023 to begin January 31, continue till April 6
Budget 2023: Largely unnoticed, this $250-billion sector wants more attention from the FM
CEOs brace for recession, CFOs eye costs
First-of-its-Kind Crypto Insider Trading Conviction
Insurer Can’t Flush Away Its Duty to Defend
FASB decides to require expense disclosures
SEC Adopts Amendments Regarding Insider Trading Plans and Related Disclosures
Exposure Drafts:
Consultation Paper on Review of Regulatory Framework for Sponsors of a Mutual Fund
[Last date for Comments: January 29, 2023]
Consultation Paper on refund process at IEPF Authority
[Last date for Comments: January 27, 2023]
IFRS Accounting Standard
International Tax Reform—Pillar Two Model Rules
Proposed amendments to IAS 12
[Last date for Comments: March 10, 2023]
Legal Updates:
Clarification regarding GST rates and classification of certain services [Circular No.190]
Clarification regarding GST rates and classification of certain goods [Circular No.189]
Standard Operating Procedure (SOP) for Virtual Hearings
Operational Risk Management: Price / Yield range setting in e-Kuber
Participation of AIFs in Credit Default Swaps
Circular on Modifications to Surety Insurance Guidelines
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.4(NT)]
Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 [No.3(N.T)]
