Weekly Newsletter - June 12, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Useful Forms:
Income Tax Return eFiling Utilities
Acts & Regulations:
SEBI Master Circular / Regulations
Legal Updates:
News Update:
Policy loan now mandatory in all life insurance savings products: Irdai
Technical glitch halts RBI's liquidity management system: Explained
Blanket 5% infra provisions to hurt both lenders and project viability: Banks to RBI
Insurance companies can't reject claims for lack of documents: Irdai
Sebi bans former TV anchor Pandya, 7 others from securities market for 5 years, slaps fine
Govt restricts import of gold jewellery and parts amid unusual surge
I-T department set to complete 170,000 reassessments by next March
EU-STYLE LAW: Govt calls key meeting on draft digital competition law
Is the Centre planning to decriminalise minor I-T offences in 100 days?
IBBI proposes reducing compliance burden, simplifying forms for RPs
Demat accounts, MF portfolios won't be frozen in absence of nomination
Insurers cannot deny claims for non-disclosure after issuing policy
India's proposed EU-like antitrust law to pose new challenge for tech firms
Telangana High Court’s landmark decision: GAAR ruling impacts taxpayers
Infant milk formula attracts GST at 18% rules AAR
Tax tribunals in Delhi and Mumbai allow deductions for CSR donation
Modi 3.0: Nirmala Sitharaman set to present seventh Budget in a row
India proposes tighter rules for derivatives trading on individual stocks
Sebi proposes to open credit default swap market for MF: key factors
NDA govt proposes 50% assured pension for central govt staff under NPS
RBI opens gates for investors, companies to invest in overseas funds
Trader sends abusive responses to Sebi regarding insider trading, fined Rs 20 lakh
RBI asks banks to rework biz plan, flags gap in credit, deposit rates
Inadequate tech at banks to blame for UPI downtimes
GST department makes one more arrest under Operation Palm Tree
RBI to set up digital payments intelligence platform to prevent fraud
FASTags, NCMC payments to become easier: You don't have to add money manually for each recharge
RBI permits automatic replenishment of UPI Lite wallet: Check details
RBI brings gold reserve to India; nothing more should be read into it: Das
RBI hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore
RBI will act only if inflation stays put at 4%, says Governor Das
Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC
Sebi mandates KRAs to update KYC info on Central KYC Records Registry
Sebi to penalise stock exchanges for any lapses in surveillance
CCI draft regulations: Company commitments to be closely watched
AAR rules 18% GST on infant food containing milk, other ingredients
Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting
RBI penalties surge 88% in last 3 years, KYC and AML top violations list
Foreign investors now have more time to report changes to regulator Sebi
Mumbai 1st In India & 4th In World To Launch Climate Budget
No exemption for SEZ units under the proposed Central Excise Bill
Sebi mulls raising limit for basic service demat account to Rs 10 lakh
PCAOB sanctions Florida firm over audit violations
Auditors prioritize tech for fieldwork
SEC, FASB officials stress tone at the top, new standards
Exposure Drafts:
Draft "Implementation Guide with respect to Changes in Form No. 3CD and Form No. 3CEB vide Notifications issued in March 2024"
[Last date for comments: June 17, 2024]
Discussion paper on Reducing Compliance by Review of CIRP Forms submitted by Insolvency Professionals (IPs) to IBBI
[Last date for comments: July 1, 2024]
Draft 'The Competition Commission of India (General) Regulations, 2009'
[Last date for comments: July 8, 2024]
Consultation paper on the IFSCA (Payment and Settlement Systems) Regulations, 2024
[Last date for Comments: June 28, 2024]
Consultation Paper on Flexibility in Participation by Mutual Funds in Credit Default Swaps (CDS)
[Last date for Comments: July 1, 2024]
Consultation paper on Review of Eligibility Criteria of Stock Derivatives in line with the market growth
[Last date for Comments: June 19, 2024]
Consultation paper on Review of Facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing
[Last date for Comments: June 26, 2024]
Useful Forms:
Income Tax Return eFiling Utilities:
ITR 5 Excel Utility has been released
Acts & Regulations:
Master Circular on Life Insurance Products
Master Circular on General Insurance Business
SEBI Master Circular / Regulations:
Master Circular for Portfolio Managers
[Published on June 7, 2024]
SEBI (Foreign Portfolio Investors) Regulations, 2019
[Updated upto June 3, 2024]
Guidelines on AML Standards and CFT/Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under
[Published on June 6, 2024]
Legal Updates:
Amendments in Jurisdiction of Principal Chief Commissioner of Income-tax, UP [Notification No.50]
Advisory: Filing of information by manufacturers of Pan Masala and Tobacco taxpayers
Foreign Exchange Management (Overseas Investment) Directions, 2022 - Investments in Overseas Funds
Amendment to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016
Ease of Doing Investments - Non-submission of ‘Choice of Nomination’
Insurance claims relating to Cyclone Remal and subsequent heavy rains/floods
Restriction on Import of gold jewellery from UAE [Notification No.17]
Issuance of RCMC for Medical Devices [Trade Notice No.5]
Export of food commodities through National Cooperative Exports Limited (NCEL) [Notification No.15]
Exchange Rate Notification dated 06.06.2024 [Notification No.40(NT)]
Customs duty on Display Assembly of a cellular mobile phone [Circular No.6]
