CAalley Newsletter for the week ending on November 9, 2022
Latest additions to CAalley:
News:
Exposure Drafts:
Useful Forms:
Acts & Regulations:
IBBI Guidelines New addition
Legal Updates:
News:
Centre allows trade settlement for export promotion schemes in Indian rupee
Govt to finance green bond projects and initiatives under 9 categories
15 new judicial and technical members appointed for NCLT benches
GST dept steps up anti-evasion drive
Finance ministry finalises framework for sovereign green bonds
Sebi, RBI yet to reach pact with EU on action against clearing bodies
Sebi gets fewer complaints on average so far this year: SCORES data
India’s balance of payments may slip into up to $50 billion deficit in FY23
RBI, CCIL urge Japan to drop inspection clause
Trade service officers to engage more in FTA negotiations, policy making
Is it time to regulate financial influencers?
Rate hikes unlikely to impact asset quality of home loan portfolios: ICRA
New microfin norms will bring down credit risk: RBI
Govt eyes tighter audit to boost GST mop-up
India considers scrapping early monthly release of trade data
Piyush Goyal asks exporters make price adjustments to retain market share
Centre likely to amend IBC in winter session to improve efficiency: Report
Customer protection the core of new RBI microfinance rules: Dy governor Rao
Credit risk not being fairly priced in by banks, says SBI report
Need for single rate GST, exemption-less taxation: EAC-PM Chairman Bibek Debroy
With 3:2 split verdict, Supreme Court upholds 10% EWS quota: Key points
RBI could save costs on cash management with digital rupee
Explained: What is Rule 132 of Income Tax and how it is important for taxpayers?
GST law panel working with experts to define games of skill, chance
SC allows 4-month time for employees under EPS to opt for increased pension
Sebi settles 107 cases under settlement mechanism in FY22; collects Rs 59 crore
'IRDAI in talks with govt to relax Rs 100-cr entry capital for insurers'
Panel on tax refunds for exports from SEZs, EOUs to submit report on Dec 20
Borrower can't claim extension of time under OTS as matter of right: SC
SBI red-flags fake Income Tax app stealing taxpayer info. Follow these steps to stay safe
Indirect tax receipts to exceed budget estimate by Rs 50,000 crore
12 nabbed over fake GST scam in Surat
How IBBI's tighter compliance rules for resolution professionals will help
Chartered accountants are big gainers in the volatile cryptocurrency market
Online gaming fraud cases: ED probing transactions worth about ₹4,000 crore
India unlikely to offer tax sops for first sovereign green bond issue - source
Govt strengthens role of resolution professionals
As scammers find a new way to understand, what is ‘wash trading’ in NFTs
Why does the RBI have to write a letter to govt over inflation?
New ITR form seeks more data, need to relearn e-filing: Experts
Bankers take to streets with megaphones, enlist grocers to lure customers
Tax authorities want IT professionals to declare income from 'moonlighting'
NHAI now accepts electronic bank guarantees, aims to adopt digital tech
US Accounting Standards Board Member Supports Reporting Crypto Swings as Income
Corporate reporting quality maintained but improvement needed
PCAOB May Face Long Odds Completing Audit Quality Indicators Project
Bank of England makes biggest interest rate hike in 30 years
Fed delivers big rate hike, signals possible smaller increases ahead
Exposure Drafts:
Consultation Paper on Cloud Framework - Version 1.0
[Last date for Comments: November 14, 2022]
Proposed Improvements for the 2023 GAAP Financial Reporting Taxonomy
Release Notes - Version 2023
Last date for Comments: November 17, 2022]
Consultation Document - Audit Committee Standard (November 2022)
[Last date for Comments: February 8, 2023]
Draft Minimum Standard for Audit Committees (November 2022)
[Last date for Comments: February 8, 2023]
Useful Forms:
FAQs on Challan Status Inquiry (CSI) facility
All MCA eForms are updated as on November 5, 2022
Acts & Regulations:
Guidelines for Empanelment of Advocates by the Insolvency and Bankruptcy Board of India
Legal Updates:
Explanatory Notes to the provisions of the Finance Act, 2022 [Circular No. 23]
Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount
Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022
Exchange rate Notification No. 92/2022-Cus (NT) dated 03.11.2022 [No.92(NT)]
