CAalley Newsletter for the week ending on November 16, 2022
Latest additions to CAalley:
News:
Exposure Draft:
International Content:
Financial Reporting Council, UK
Acts & Regulations:
Legal Updates:
News:
You cannot use accounts with these banks to pay income tax on TIN NSDL website anymore
Sebi plans to put in place cyber security framework for stock brokers
PSBs look to clean up education loans
Passing on of rate actions slow due to barriers: RBI
SEBI introduces option for appointment, removal of independent directors
IRDAI for use of latest OS, IT equipment
India approves 'vostro' accounts for nine banks to help promote trade in rupees
Govt asks state-owned firms to consider insolvency court to shut units
Only e-filing in to-be-set up GSTAT tribunals: Supreme Court
Data protection bill will end misuse of data, penalise violators: MoS IT
NPS rules eased: PFRDA releases new exit form, know the changes
RBI shortlists five banks to work on its digital currency pilot project
EPFO set to hire 35 legal experts to deal with litigation: Report
GST appellate tribunals likely to be set up by December 2023
NAA To Wind Up, GST Anti-Profiteering Complaints To Be Taken Up By CCI From December 1
Govt to bring fuel under GST, says Petroleum minister
RBI imposes monetary penalties on nine urban cooperative banks
Tax-authorities tighten noose around under-invoicing of Chinese imports
Rs 85 crore of tax evasion detected
SEBI mulls mandatory confirmation, denial on media reports by top 250 listed firms
Market regulator Sebi plans to streamline disclosure framework
PFRDA further eases paperless onboarding with CKYC documentation
I-T Dept Committees On High-Pitched Assessments To Submit Report In About 2 Months: CBDT
CBI arrests two CGST officials in Gujarat for demanding Rs 75,000 bribe
GST raids at 205 locations in Gujarat
Revised combination assessment timelines under competition law soon: MCA
Govt terminates anti-dumping probe against China, Thailand and Vietnam
NFRA issues guidelines on audit quality inspection
Sebi introduces regulatory framework to assist online bond platform providers
RBI targets selling first batch of green bonds as early as December
Better tax mop up to help Centre meet FY23 fiscal deficit target of 6.4%, says new report
Direct Tax collections rise 31% YoY at Rs 10.54 trillion till November 10
Officers’ panel to decide on GST profiteering regulation
Sebi floats paper to protect equity shareholders under IBC
SEBI introduces regulatory framework to facilitate online bond platform providers
RBI prods Indian civic bodies to issue municipal bonds for funding
Central govt employee's family member can get family pension even if member's name not in records
Sebi issues new format for disclosing payment of fees
SEBI mulling stake for public shareholders in firms, post CIRP
SEBI panel wants stock exchanges to boost oversight, compliance
GST evasion of Rs 55,575 cr detected in last 2 years, 719 persons arrested
50% of rated Indian cos getting profitability boost from weakening rupee: SP
Centre may introduce changes to capital gains tax rules, says report
Financial market regulators may rebuff EU counterpart's auditing demands
Irdai proposes allowing insurers to invest in unlisted companies
Money in NPS belongs to people, can't go back to state govts as per law: Nirmala Sitharaman
IBBI rescinds 11 circulars issued from 2018 to 2021 to avoid duplication
India seeks to include steel in export incentive scheme – source
CAG calls upon supreme audit institutions to work for mutual benefits
Govt plans changes in capital gains tax in Budget 2023, says report
GASB proposes new implementation guidance
US Audit Board Urged to Aid ESG Validation With Updated Rules
ESG materiality ranges beyond ‘bottom line’: SEC official
GASB proposes new implementation guidance
FRC sets out principles for public interest test
Audit Regulators Vow a Tougher Regime
US Treasury removes India from its Currency Monitoring List after two years
AICPA and CIMA launch new ESG certificate
IFAC releases review of corporate disclosures on emissions
Audit Fees Rise Only 2.5%, But Audits Require Greater Effort
Service performance reporting in the public sector
Exposure Drafts:
Consultation Paper on Review of disclosure requirements for material events or information under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
[Last date for Comments: November 27, 2022]
Implementation Guidance Update—2023
Last date for Comments: January 20, 2023]
International Content:
Financial Reporting Council, UK:
Financial Reporting Council, UK
General principles for considering the public interest in our work
[November 2022]
Acts & Regulations:
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2022 [Dated November 14, 2022]
SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2022
SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2022
SEBI (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2022
Legal Updates:
Co-browsing feature is now available for the taxpayer, to know more Click Here
Amendments in Notification No.60/2022 dated the 10th June, 2022 [No.123]
Amendments in Notification No.61/2022 dated the 10th June, 2022 [No.121]
The Central Goods and Services Tax (Third Amendment) Rules, 2022 [No.22]
Clarification on refund related issues [Circular No.181]
Registration and regulatory framework for Online Bond Platform Providers
Handling of Clients’ Securities by Trading Members(TM) / Clearing Members (CM)
Agency Commission for Direct Tax collection under TIN 2.0 regime
Regarding the use of out-of-date Operating System (OS) and IT Equipments
Participation in Account Aggregator Framework
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.96(NT)]
Exchange rate Notification No. 95/2022-Cus (NT) dated 14.11.2022 [No.95(NT)]
Restricted entry of food items in under specific ports [Instruction No.31]
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.93(NT)]
