Weekly Newsletter - August 14, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
FAQs:
Useful Forms:
Acts & Regulations:
Legal Updates:
News Update:
Some positive changes by audit firms, but a lot more needs to be done: Ajay Bhushan Pandey
Share buyback tax regime to change from October 1: What this means for you
Widespread adoption of digital payments raises operational risks: RBI DG
Insolvency Board mandates to provide unique ID to each valuation report
MSMEs to get Rs 15,000-crore subsidy to adopt green tech
Delhi: How the transfer of an officer uncovered a massive GST fraud involving 500 fake companies
Affordable housing finance companies to gain from RBI norms tweak
GST Council to meet on Sept 9, to start discussion on rate rationalisation
Companies race against taxing times to give buyback call
CCI orders unusual recall of reports on Apple antitrust investigation
RBI deputy Guv cautions against use of CBDC as 'safe havens' during crisis
Outward remittances exceeding ₹6 lakh come under I-T scanner
Headhunters may get to access independent directors' databank
RBI tweaks risk weights for housing finance companies
RBI tightens HFC norms to bring them on a par with NBFCs
RBI penalises CSB Bank, Union Bank of India, others for norms violation
Union Bank invites EoIs to sell Rs 2,316 crore NPAs across 45 accounts
RBI sets up 10-member expert committee on benchmarking of its statistics
Sebi proposed F&O norms to hit exchanges, brokers: Reports
One year of DPDP Act: Firms in a fix over delayed implementation of rules
Sovereign green bonds trading at IFSC to start in 2nd half of FY25: RBI Guv
Need enabling framework for ESG bond issuances in India, says RBI
Sebi focuses on improving quality of info given to investors
Banking laws Bill extends tenure of cooperative banks' directors to 10 yrs
India may allow four nominees to a bank account
Major milestone! NSE investor base crosses 10-crore mark
RBI expected to step up intervention if the rupee touches 84 level
Clarity likely soon on grey areas in black money law
Monetary policy: Some entities not following topup loan norms, says RBI
IBBI introduces self-regulatory guidelines for committee of creditors
States should have heart to take call on removal of 18% GST on insurance: Nirmala Sitharaman
RBI shortens frequency of bank reports to credit information companies
New non-financial accounting norms in the works, as ESG grabs centre stage
RBI introduces delegated payments through UPI
RBI to set up public repository of digital lending apps to check unauthorised players
GST authorities issue Rs 2,000 cr notice to 20 insurers operating in SEZs
RBI hikes UPI limit for tax payments to Rs 5 lakh per transaction
RBI's monetary policy committee keeps repo rate unchanged at 6.5%
US Judge refuses to block Byju's payment to India's cricket board
Sebi issues Rs 25-cr notice to Karvy Stock Broking, Parthasarathy
Mushrooming mule accounts fuel rise in financial frauds, says official
DPDP rules to be out for public consultation at end of Budget session
Budget approved: Rajya Sabha returns appropriation and finance Bills to Lok Sabha
Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
Australia: Big four consulting arms need regulation: ethics board
UK: EY fined $571,000 over audit of group linked to Russian oligarch
FRC opens consultation on going concern guidance revisions
AI prep is top challenge for companies drowning in ‘unstructured data’
China Evergrande liquidators sue PwC for 'negligence', 'misrepresentation'
UK: EY sanctioned for breaching non-audit services cap fee
FASB Issues 2024 Investor Outreach Report
FAQs:
Exposure Drafts:
Draft Circular on Periodic Reporting Format for Research Analysts and Proxy Advisers
[Last date for Comments: August 30, 2024]
Consultation Paper on draft circular for Reporting by Foreign Venture Capital Investors
[Last date for Comments: August 29, 2024]
Translation to a Hyperinflationary Presentation Currency
Proposed amendments to IAS 21
[Last date for Comments: November 22, 2024]
Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures
[Last date for Comments: November 27, 2024]
Climate-related and Other Uncertainties in the Financial Statements
Proposed illustrative examples
[Last date for Comments: November 28, 2024]
Consultation on Guidance on the Going Concern Basis of Accounting and Related Reporting, including Solvency and Liquidity Risk
[Last date for Comments: October 28, 2024]
Useful Forms:
eFiling Utilities and Schemas for the following forms have been updated:
Form 10B (A.Y. 2023-24 Onwards)
Form 10BB (A.Y. 2023-24 Onwards)
Acts & Regulations:
Master Circular for Stock Brokers
Legal Updates:
Guidelines for Second special All-India Drive against fake registrations [Instruction No.2]
The Companies (Registration of Foreign Companies) Amendment Rules, 2024
Extension for Net Worth and Base Minimum Capital Requirement to Grandfathered Members
Review of Risk Weights for Housing Finance Companies (HFCs)
Frequency of reporting of credit information by Credit Institutions to Credit Information Companies
Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2024
Submission of data by life Insurers to Insurance Information Bureau of India (IIBI)
Integration and Bulk Upload Facility for Self-Certification of eBRC [Trade Notice No.12]
