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CAalley Newsletter dated January 20, 2023

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Latest additions to CAalley:

News:

Indian News

Budget News

International News

Legal Updates:

MCA

DGFT [New addition]

IRDAI

Customs


  

News Update:

Indian News:

'Sinking hole of regulations': Mitra calls for simplification of GST system

EPFO portal offers link to opt for higher pension

Commerce Ministry relaxes EPCG norms to promote ease of doing biz

Indian banks' switch to IFRS norms unlikely to drive rating changes: Fitch

Sebi carries out nationwide raids on market experts for front-running

Sebi opts for principles-backed approach on ESG ratings, says report

Auditors of GoMechanic had raised several red flags in accounting: Report

No issue with crypto in India if laws are followed: Rajeev Chandrasekhar

FinMin exhorts PSBs to achieve financial inclusion targets for FY23

End of GST compensation to jolt six states most, says RBI

Insolvency law may provide carveouts for homebuyers

SC asks NCLAT to decide by March 31 on Google’s appeal against CCI’s order of ₹1337 crore penalty for unfair practices

Have issues with only 6 of 10 CCI directions: Google to SC

Taxmen probe rich Indians for having foreign policies without approval

IBC overhaul seeks to give adjudicating authority a power boost

  

Budget News:

From ‘jailed for doing business’ to ‘total harassment’ by banks, entrepreneurs seek an end to hostilities

Budget set to boost schemes linked to SCs, STs, senior citizens

  

International News:

FASB mulls two new software accounting options

Top 5 Accounting Rules to Hit Companies’ Books This Year, Including Issues to Watch For

FASB Plans to Require More Detailed Disclosures of Income Statement Expenses

FASB to Expand Use of Accounting Method to More Tax-Credit Investments

  


Legal Updates:

MCA:

Companies (Prospectus and allotment of securities) Amendment Rules, 2023

Companies (Misc) Amendments Rules, 2023

Companies (Appointment and Qualification of Directors) Amendment Rules, 2023

  

DGFT:

Implementation of RoDTEP Committee report in relation to Anomalies etc

  

IRDAI:

Circular - Clarification on classification of shares issued by virtue of demerger

Guidelines on Insurance claims of victims of Subsidence and Landslides in the calamity affected areas in the State of Uttarakhand

  

Customs:

Exchange rate Notification No. 05/2023-Cus (NT) dated 19.1.2023 [No.5(NT)]