CAalley Newsletter dated February 22, 2023
Latest additions to CAalley:
News:
Acts & Regulations:
Exposure Drafts:
Legal Updates:
News Update:
Surge in personal guarantor cases under IBC in FY23
CAs, advocates mustn't be arrested sans proof of role in business fraud: HC
Market regulator Sebi proposes to introduce 5 new categories in ESG funds
GST on online gaming: Industry awaits clarity
Practice of permanent board seats at listed companies likely to end
Sebi proposes more power to shareholders
RBI allows UPI-based transactions for inbound travellers to India
Wife co-owner? Pay tax on 50% property income : ITAT
More insurance players required for diverse needs of citizens: Irdai chief
Bankruptcy cases rise 25% in Q3; recovery lowest at 23.45%: Care Ratings
Sebi issues consultation paper on disclosure requirements for listed firms
'Angel Tax' provisions in Finance Bill will not impact start-ups: DPIIT Secy
Britain says global accounting rule is crimping its economy
'Cheaper, faster, safer': India, Singapore launch real-time payments link
Acts & Regulations:
SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 [Last amended on January 13, 2023]
Master Direction on Financial Statements - Presentation and Disclosures (Updated as on February 20, 2023)
Exposure Drafts:
Consultation Paper on Regulatory Framework for ESG Rating Providers (ERPs) in Securities Market
Last date for Comments: March 8, 2023]
Consultation Paper on certain Amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, with the objective of increasing transparency and streamlining certain processes
Last date for Comments: March 8, 2023]
Consultation Paper on Strengthening Corporate Governance at Listed Entities By Empowering Shareholders - Amendments to the SEBI (LODR) Regulations, 2015
Last date for Comments: March 7, 2023]
Consultation Paper on Streamlining Disclosures by Listed Entities and Strengthening Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Last date for Comments: March 6, 2023]
Consultation Paper on ESG Disclosures, Ratings and Investing
Last date for Comments: March 6, 2023]
Proposed Revisions to the Code Addressing Tax Planning and Related Services (Issued by IESBA)
[Last date for Comments: May 18, 2023]
Legal Updates:
Advisory for SEBI Regulated Entities (REs) regarding Cybersecurity best practices
Treatment of inward Co-Insurance while reporting MTP Obligations
Amendment in Circular No. 26/2016-Customs dated 09.06.2016 [Circular No.5]
Amendment in Import Policy condition of Cashew Kernels (broken/ whole) [No.59]
Processing of MEIS/SEIS applications pending at RAs under Para-3.06 of HBP [Circular No.46]