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CAalley Newsletter dated November 18, 2022

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Latest additions to CAalley:

News:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

SEBI Regulations

Legal Updates:

SEBI

Customs

Central Excise


  

News:

Indian News:

India may soon have single e-commerce platform

FM urges independence of CAs to preserve integrity of financial statements

NSE amends rules for deletion of merged entities from indices

Securities depository CDSL detects malware in few internal machines

Works under SBM to attract GST if not done for govts, authorities: AAR

Relief to exporters: Centre lowers export obligation for 192 products under key scheme

Data bill may need multiple iterations before becoming practical: experts

India proposes easier cross-border data transfers under new privacy law

Draft personal data protection Bill: Penalties may range up to Rs 250 crore

Govt raises maximum tenure of PSU banks' CEOs to 10 years to retain talent

India's forex reserves rise at fastest pace since August 2021: RBI data

CBI arrests Gujarat CGST officer for accepting bribe

Sebi notifies rules on dividend, redemption proceeds to mutual fund unitholders

EPFO to appoint actuary firm for its pension and insurance schemes

Sebi proposes changes to buyback norms

New guideline for financial influencers under works, says Sebi

Windfall profit tax on crude oil hiked, levy on export of diesel cut

PSBs' asset quality challenges to pull down FY23 banking outlook

RBI looks for fault lines due to rate stress

NFRA to carry out conduct audit quality inspections of Big 4 network firms

Urgently call GST Council meeting, Amit Mitra writes to Sitharaman

CGST arrests proprietor for illegally availing fake input tax credit of Rs 21 cr

  

International News:

Committed to working quickly on UK-India free trade agreement: Rishi Sunak

Rwanda: Over 20 audit firms suspended

U.S. watchdog gained "good access" to audits of Chinese firms -sources

ECB warns of financial stability risks in euro area, warns of recession

Most auditors pessimistic about economy: CAQ

  


Exposure Draft:

SEBI Draft:

Consultation Paper on Review of SEBI (Buyback of Securities) Regulations, 2018
[Last date for Comments: December 1, 2022]

  


Acts & Regulations:

SEBI Regulations:

Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2022 [Dated November 15, 2022]

Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2022 [Dated November 15, 2022]

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2022 [Dated November 15, 2022]

  


Legal Updates:

SEBI:

Scheme(s) of Arrangement by entities who have listed their Non-convertible Debt securities (NCDs)/ Non-convertible Redeemable Preference shares (NCRPS)

Guidelines for AIFs for declaration of first close, calculation of tenure and change of sponsor/manager or change in control of sponsor/manager

  

Customs:

Exchange rate Notification No. 97/2022-Cus (NT) dated 17.11.2022 [No.97(NT)]

  

Central Excise:

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel [No.39]

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude [No.38]

 

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