Weekly Newsletter - December 18, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
International Content:
Legal Updates:
News Update:
EPFO extends deadline for employers to upload pending pension applications until January 31, 2025
PAN 2.0 targeted for fraud: How to protect yourself from misinformation
Sebi rolls out Specialised Investment Fund for HNIs with Rs 10 lakh minimum
'If they tax us, we tax them': Trump threatens reciprocal tariffs on India
Delhi High Court ruling upholds landlord's rights over tenant's in property disputes
Export promotion scheme EPCG needs proper monitoring: CAG
Sebi prohibits FPIs from issuing P-notes with derivatives as an underlying asset
Lost track of inactive mutual funds? Sebi plans search platform
Retrospective 5% GST likely on food app delivery charge
Govt plans up to 25% temporary tax to curb cheap Chinese steel imports
Sebi eases norms for boarding of investment advisors, research analysts
NPCI cautions users against digital frauds, highlights 'common tricks'
UPI changes in 2024: Increased limits, new features, security tips
ITAT ruling: Cryptocurrencies now recognized as capital assets for taxation
Security vulnerabilities hinder AI adoption in India: Deloitte report
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details
Will maintain open-door policy: RBI governor
GST Council likely to consider lowering tax on online food delivery fees
Cooperative banks show mixed trend in asset quality
Over 1.7 mn opt for higher pension on more contribution under 'EPS-95'
Irdai's move to limit banca biz may stifle insurance sector growth: Emkay
Centre receives Rs 8,625 crore as disinvestment receipts so far in 2024-25
Banks struggle to meet SEBI's cybersecurity deadline amid new regulations
Domestic, global headwinds challenge RBI's forex intervention efforts
Rs 12 lakh crore loans written off in 10 years, half of it by PSU banks in last 5 years
Public sector banks record net profit of ₹85,520 crore in first half FY2024-25
Spending data helps taxman recover Rs 37,000 Cr from non-filers in 20 months
Indian companies raised record high of over Rs 1 lakh crore via QIP
EU pressures India to drop duty on some ICT products
RBI raises collateral-free agricultural loan limit to Rs 2L to aid farmers
SEBI sets new benchmarks with comprehensive norms for secretarial auditors
Nestle tax ruling fallout: Switzerland suspends MFN status to India
CAG report points to ₹755.49 cr. revenue loss pertaining to GST of Commercial Tax Dept.
ICAI Establishes Research Centre in Hyderabad to Drive Innovation and Research
Taxing more can drive capital away, says CEA V Anantha Nageswaran
EPFO subscribers may get services at par with banking, including ATM access
Sebi clarifies 'excused investor' norms for AIF pro-rata distribution
Sebi mulls facilitating participation of retail investors in algo trading
Aviva's India executives approve brokerage model queried by tax officials
FinMin asks banks to closely monitor NCLT, NARCL cases to reduce delays
GST department asks Zomato to pay Rs 800 crore in taxes, fines
Irdai to introduce norms for more qualified insurance sales personnel
Samsung accuses India watchdog of detaining employees, seizing data
Sebi issues warning letter to HDFC Bank for regulatory non-compliance
New SIP rule: SEBI mandates MF companies to process cancellations in 2 days
Bank account, bank locker rule change
PAN 2.0: A master-key to access digital system and govt services
Sebi expands insider trading net
KPMG outpaces Big Four rivals as audit and tax units shine
AICPA releases valuation guide for business combinations
PCAOB could be defanged by incoming Trump administration
ECB cuts rates 25 bps to 3% amid worsening growth outlook for Euro zone
Exposure Drafts:
Draft Circular for “Service platform for investors to trace inactive and unclaimed Mutual Fund folios: MITRA (Mutual Fund Investment Tracing and Retrieval Assistant)”
[Last date for Comments: January 7, 2025]
Participation of retail investors in algorithmic trading
[Last date for Comments: January 3, 2025]
Acts & Regulations:
SEBI (Issue and Listing of Non-Convertible Securities) Regulations 2021
[Updated upto December 11, 2024]
Useful Forms:
International Content:
Audit Focus Series
Critical Audit Matters
FASB Accounting Standard Update
Debt—Debt with Conversion and Other Options (Subtopic 470-20)
Induced Conversions of Convertible Debt Instruments
[November 2024]
Handbook of International Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements
[2023–2024 Edition]
Volume 4 - Supplement to the Handbook
Major Local Audits
Audit Quality Inspection
[November 2024]
Legal Updates:
Guidance Note 2/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 [Circular No.19]
Amendment to Notification No.44/2020 [Notification No.127]
Advisory for Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration
Advisory on Updates to E-Way Bill and E-Invoice Systems
SEBI (Investment Advisers) (Second Amendment) Regulations, 2024
SEBI (Research Analysts) (Third Amendment) Regulations, 2024
SEBI (Mutual Funds) (Third Amendment) Regulations, 2024
SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024
Pro-rata and pari-passu rights of investors of AIFs
SEBI (Issue and Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024
