Weekly Newsletter - August 21, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Reference Section:
Legal Updates:
News Update:
GST sleuths tracking merchants skipping tax via digital payments
Who needs an income tax clearance to travel overseas? CBDT clarifies
D-Street bull run brings windfall gains for Sebi too
Latest global audit norm adoption on regulators' table to address gaps
RBI move to allow AMC license to IndusInd Bank could open route for para-banking activities by banks
Wealthy Indians' plan to invest abroad via GIFT city hits roadblock
RBI guv Shaktikanta Das ranked as top central banker for 2nd straight year
RBI asks banks to monitor credit-deposit gap to avoid liquidity issues
Sent money to the wrong UPI address? Here's how to get a quick refund
In a setback to BSE, Sebi denies relief on payment of regulatory fee
NFRA imposes ₹10 crore penalty on BSR & Associates, debars two partners
RBI releases framework for financial market self-regulatory organisations
Sebi releases guidelines for market borrowing by Category I, II AIFs
India will need around 1 lakh company secretaries by 2030: Top body
Sebi categories dues worth Rs 76,293 crore as 'difficult to recover'
NPCI launches 'UPI Circle' for secure delegated payments with trusted users
FinMin must identify high risk taxpayers in GST composition scheme: CAG
Customs academy, ICAI join hands for capacity building of GST officers
CBIC asks GST officers to consult board on law interpretation while conducting audit
Check high-value cash transactions at hotels, hospitals: CBDT to I-T Dept
Sebi proposes to introduce liquidity window facility for bond investors
Foreign exchange rules amended: Cross-border share swaps eased by govt
RBI flags breach of regulations by some NBFC-P2P lending platforms
RBI imposes penalties on BoM, Hinduja Leyland Finance, Poonawalla Fincorp
GST evasion: DGGI shoots over 1,000 tax notices ahead of 5 August deadline
RBI might ask banks dealing with UAE to push direct rupee-dirham settlement
Fintechs asked to sign up on financial cyber fraud reporting portal
ED freezes ₹209.08 cr assets in 4,037-cr CPL loan fraud case
SGBs turn costly affair for govt, fail to curb imports
MCA notifies new accounting standard Ind AS 117 on ‘insurance contracts’
RBI proposes risk-based pricing for bank deposit insurance
Fitch Ratings: Indian Banks Have Sufficient Buffers for IFRS 9 Transition
MCA launches probe into Snapdeal operator
HC sets aside assessment proceeding against NRI over faceless issue
SEC approves tougher rules around auditor 'negligence'
Can PwC recover from it's latest audit failure fine?
PCAOB Defends New Quality Control Standard Amidst Opposition by Auditors, Businesses
PCAOB ramps up enforcement against auditors
PwC loses major client Bank of China amid regulatory probe
BDO sinks to bottom of US audit quality league table
PCAOB sees audit deficiencies level off at largest firms, but problems remain
Exposure Drafts:
Consultation paper on the Proposed IFSCA (Informal Guidance) Scheme, 2024
[Last date for Comments: September 10, 2024]
Consultation Paper on Faster Rights Issue with flexibility of allotment to Selective Investor(s)
[Last date for Comments: September 10, 2024]
Consultation paper on streamlining disclosure in respect of appointment of Debenture Trustee (DT) in the offer document
[Last date for Comments: September 6, 2024]
Consultation paper on expanding the scope of Sustainable Finance framework in the Indian securities market
[Last date for Comments: September 6, 2024]
Consultation paper on measures towards Ease of Doing Business and streamlining compliance requirements for Non-Convertible securities – review of LODR Regulations
[Last date for Comments: September 6, 2024]
Introduction of Liquidity Window facility for investors in debt securities through Stock Exchange mechanism
[Last date for Comments: September 6, 2024]
Acts & Regulations:
IBBI (Information Utilities) Regulations, 2017 (Amended upto 13.08.2024)
IBBI (Inspection and Investigation) Regulations, 2017 (amended upto 13.08.2024)
Reference Section:
Background Material on GST Demands & Appellate Remedies [Issued by ICAI - November 2023]
Handbook of GST Law & Procedures [For Departmental Officers]
Legal Updates:
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC) [Press Release]
CBDT Central Action Plan 2024-2025 [For Department Use]
The NFRA appointment of part-time members (Amendment) Rules, 2024
Appointment of chairperson and members of IEPF
Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)
Launch of Revamped Non-Preferential Certificate of Origin (eCoO) 2.0 System [Trade Notice No.13]
Amendment in Export Policy of De-Oiled Rice Bran [Notification No.23]
Amendment in the Para 10.06 of Handbook of Procedure 2023 [Public Notice No.17]
Use of ICETABs for efficient examination and clearance process [Circular No.10]
