Weekly Newsletter - September 13, 2023
Latest additions to CAalley:
News Update:
International Content:
Exposure Draft:
Useful Forms:
Acts & Regulations:
Legal Updates:
News Update:
Govt exempts investment trusts, ETFs from capital gains tax in GIFT City
Charitable trusts having a tough time under new regulations, seek more time
Lenders should release property docs within 30 days of loan repayments: RBI
RBI issues revised norms for classification, valuation of investment by banks
India imposes anti-dumping duty on some Chinese steel for 5 years
Goods in transit can't be seized under GST law without inquiry: HC
Govt may relook at allowing Indian companies to list overseas: FM
Bankers flag risks in new voice-enabled payment feature on India's UPI
RBI, banks plan new feature to popularise digital currency transactions
RBI likely to start digital rupee pilot in call money market by October
Assessee company needs to prove investor credentials: Income Tax dept
Banks can't use LOC as measure to recover money: Delhi High Court
All 33k entities in a money laundering case face probe
RBI to discontinue incremental cash reserve ratio in a phased manner
GST rules for casinos, e-games notified
Crypto assets should not be legal tender, but a ban is not an easy option
FinMin tightens PMLA rules, brings partners with 10% stake under purview
CCI issues draft norms on combinations under amended competition law
IRDAI Chairman bats for more players in segment to cater India's population
RBI Governor urges fintech players to set up self regulatory organisation
Audit profession must ‘face up’ to common issues causing accounts delays, experts say
'No appetite for action’: ASIC response to audit breaches under fire
Australia: BDO audit partner banned until 2024 after botched financial report
PCAOB fines Canadian audit firm and its sole partner
PwC to curtail consulting work for US audit clients to reduce conflict risk
FASB finalizes new fair value crypto accounting
International Content:
Exposure Draft:
Annual Improvements — Volume 11
[Last date for Comments: December 11, 2023]
Useful Forms:
Acts & Regulations:
Legal Updates:
Notification under section 47 of Income tax Act 1961 [Notification No.71]
Advisory: Time limit for Reporting Invoices on the IRP Portal
The Central Goods and Services Tax (Third Amendment) Rules, 2023 [Notification No.45-Central Tax]
RBI Act, 1934 - Section 42(1A)- Requirement for maintaining additional CRR
Board nomination rights to unitholders of Real Estate Investment Trusts (REITs)
Board nomination rights to unitholders of Infrastructure Investment Trusts (InvITs)
Mechanism for Sharing of Information by Credit Rating Agencies (CRAs) to Debenture Trustees (DTs)
Change in mode of payment w.r.t. SEBI Investor Protection and Education Fund Bank A/c
Amendment in Export Policy of Food Supplements containing botanicals [Notification No.31]
Corrigendum to Notification No.33/2022-Customs (ADD) dated 30.12.2022
Exchange Rate Notification No. 64/2023-Cus (NT) dated 06.09.2023 [Notification No.64(NT)]