Weekly Newsletter - November 27, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Legal Updates:
News Update:
RBI working to create robust data analytics ecosystem: Dy Guv Swaminathan
A year after RBI notified PA-CB norms, only four entities receive licence
With cost pressures mounting, 91% of Indian firms plan finance budget reductions: EY
New GPT tool for CAs to access annual reports of 5,000 listed companies
Big insurance overhaul: Draft ready, new India cover story awaits green light
Govt working on integrated platform to speed up resolution processes
Indian banks write off Rs 1.7 trillion in loans in FY24, shows govt data
First fintech SRO aims to achieve majority membership across sectors
Govt to boost ease of doing biz, lower compliance for fintech: DFS Secy
Sebi introduces mark-to-market basis valuation for repo transactions by MFs
Gen AI and cybersecurity are top investment priorities for executives: PwC report
MSMEs can boost finances with formal registration, digital payments: RBI DG
NFRA moves to extend company audit rules to limited liability partnerships
Cabinet approves PAN 2.0: Will you have to apply for a new one?
Govt collects Rs 16,398 crore GST on health, life insurance in FY24: FinMin
After RBI strictures, MFIs tighten norms to make lending more responsible
New bill proposes multiple nominees for bank Fixed Deposits to ease fund distribution after death
India aiming to finalise carbon deals with Japan, Singapore, and S Korea
Choose correct ITR to report foreign assets, 200k return filed: CBDT
CCI rejects global major Apple's request to put antitrust report on hold
DY Chandrachud warns about 20 seconds YouTube clips, social media influence on court decisions
Insider Trading Case: SEBI imposed ban on these 2 people! Fine of Rs 25 lakh
Sebi asks MIIs to resolve whistleblower complaints in 60 days, outlines guidelines on governance
Sebi's new AIF rules ensure fair share of rewards and risks for investors
UPI 123Pay transaction limit doubles to Rs 10,000 for feature phone users
Sebi investigating if Adani group flouted disclosure rules
Ensure employees' UAN is active to avail ELI scheme benefits: Govt to EPFO
RBI, Maldives Monetary Authority sign pact to promote local currency use
NSE, BSE refute reports of reduced stocks for margin funding, confirm no changes made
Sebi abolishes 1% mandatory security deposit requirements in public issues
German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sent
Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin
What to consider when auditing cryptocurrencies: ICEAW
AI rush is fueling tech debt ‘tsunami’: Forrester
Are you prepared to tackle ethical dilemmas?
What auditors should keep in mind when taxes and laws change
Generative AI will upgrade you, not replace you: KPMG
AICPA wary of new PCAOB firm metrics standard
PCAOB Adopts Auditor Performance Metrics, Increased Firm Reporting Rules
Chartered accountants across UK face burnout, says caba report
PCAOB adopts far-reaching metrics and reporting standards
New PwC assurance leader works to improve audits
Exposure Drafts:
Consultation Paper on proposed IFSCA (Capital Market Intermediaries) Regulations, 2024
[Last date for Comments: December 12, 2024]
Consultation Paper on Review of Ownership and Economic Structure of Clearing Corporations
[Last date for Comments: December 13, 2024]
Consultation Paper on Process for appointment of specific KMPs of an MII; and cooling-off period for KMPs and Directors of an MII joining a competing MII
[Last date for Comments: December 12, 2024]
Financial Key Performance Indicators for Business Entities
[Last date for Comments: April 30, 2025]
Proposed Accounting Standards Update
Government Grants (Topic 832)
Accounting for Government Grants by Business Entities
[Last date for Comments: March 31, 2025]
Acts & Regulations:
IFSCA (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024
SEBI (Alternative Investment Funds) Regulations, 2012
[Last amended on November 18, 2024]
The Micro, Small and Medium Enterprises Development Act, 2006
Legal Updates:
PAN 2.0 Project of the CBDT receives CCEA Approval [Press Release]
Advisory: Authorised e-Invoice Verification Apps
Advisory for Reporting TDS Deducted by scrap Dealers in October 2024
Principles to mitigate the Risk of Greenwashing in ESG labelled debt securities in the IFSC
Valuation of repurchase (repo) transactions by Mutual Funds
Guidelines to Stock Exchanges, Clearing Corporations and Depositories
SEBI (Bankers to an Issue) (Amendment) Regulations, 2024
SEBI (Buy-Back of Securities) (Second Amendment) Regulations, 2024
SEBI (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024
To amend notification No. 18/2021-Customs (ADD), dated the 27th March, 2021 [No.25(ADD)]
Notification of ICD, Dhanakya, Rajasthan u/s. 7(1)(aa) of the Customs Act 1962 [No.83(NT)]
Notification of Chhara Port as Customs Seaport [Notification No.81(NT)]
