Weekly Newsletter - September 25, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
Legal Updates:
News Update:
Measures by MCA to address concerns and guide stakeholders for compliances on MCA21 Portal
Claimed 87A tax rebate for STCG in your ITR? You may get tax demand notice
SC discarded 573 tax cases post-revision in appeal filing: Finance ministry
GoM meeting in Goa: No consensus on GST proposals for real estate sector
Govt extends import regime for IT hardware products till December 31
Sebi board may approve new asset class, MF Lite framework on Sep 30
GST officers detect 10,700 bogus firms, over Rs 10K crore evasion
EY India employee death: Probe finds firm lacking labour welfare permit
Sebi probes six local investment banks over handling of small IPOs
Anil Ambani's son Jai Anmol Ambani slapped with ₹1 crore fine by Sebi in Reliance Home Finance case
Two-day GST Summit in Goa: GoM to review tax rates for 100+ products
New group audit norms to cover a wide spectrum of economic value
Tata Sons gets big Rs 1,500 crore tax relief in years-old Docomo deal
Sebi expands mutual fund investment options with Credit Default Swaps
NCDRC orders SBI to pay Rs 97 lakh as compensation for fraud
GoM on GST rate rationalisation to discuss slab, rate tweaks on Sep 25
Majority say they will stop using UPI if transaction fee levied: Survey
Finance Ministry urges DRTs, banks to expedite loan recovery processes
Loss-making MNCs liable to pay tax on India setup
NBFCs diversify funding sources amid increased lending risk weights
EY employee death fallout: Deloitte forms 3-member committee to review people practices
ICAI calls for a pause in audit standards revision process by NFRA
500 non-existent firms claimed bogus GST refunds; two more arrested
Drive to identify bogus GST registrations underway
Direct tax Vivad se Viswas Scheme 2024 to be operational from Oct 1
RBI lifts gold loan curbs on IIFL Finance
Supreme Court rejects telcos' plea to recalculate Rs 1L crore dues
India to adopt nuanced approach to deal with at risk NPOs after FATF report
Sebi modifies framework for valuation of AIFs' investment portfolio
CCI can appoint agencies to monitor implementation of its orders
CCI's M&A overhaul: Stricter scrutiny, faster approvals under new rules
FATF lauds India's anti-money laundering, terror financing measures
FY26 Budget-making process to start in second week of October
Govt probing allegations by EY employee's mom about firm's work culture
EY staffer's death puts focus on work stress
NPS Vatsalya: Your child can get more than Rs 10 crore on retirement
US Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India
IRA, SEBI unveil data benchmarking institutions for REITs
PwC revenue slumps $820m after tax leaks scandal
BOJ keeps rates steady, upgrades view on consumption
Bank of England keeps main rate on hold at 5% in wake of US Fed cut
US Fed Cuts Interest Rate By 50 bps, Jerome Powell Says Upside Inflation Risks Have Diminished
IASB proposes improvements to the equity method
PCAOB: 5 Good Practices For Auditor Independence
Exposure Drafts:
Consultation paper on Draft Circular for "Simplified registration for Foreign Portfolio Investors (FPIs)"
[Last date for Comments: October 15, 2024]
Proposed amendment to SEBI LODR Regulations, 2015 with respect to allowing only electronic mode for payment of dividend or interest or redemption or repayment amounts
[Last date for Comments: October 11, 2024]
IFRS Accounting Standard
Equity Method of Accounting
IAS 28 Investments in Associates and Joint Ventures (revised 202x)
[Last date for Comments: January 20, 2025]
Acts & Regulations:
Master Circular on Surveillance of Securities Market
[Published on September 23, 2024
SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
[Last amended on September 18, 2024]
Useful Forms:
Excel Utility for ITR 3 has been updated
The following form has been updated:
Form ADT-1
Information to the Registrar by Company for appointment of Auditor
Legal Updates:
CBDT notifies Rules & Forms for Direct Tax Vivad Se Vishwas Scheme, 2024 [Press Release]
The Direct Tax Vivad se Vishwas Rules, 2024 [Notification No.104]
Enactment of Direct Tax Vivad Se Vishwas Scheme 2024 [Notification No.103]
Archival of GST Returns data on GST portal
FAQs on Invoice Management System (IMS)
The Companies (Accounts) Amendment Rules, 2024
The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2024
The IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2024
Notification of section 19(f) of the Competition Amendment Act 2023
The Competition Commission of India (General) Regulations, 2024
Trading and Settlement of Sovereign Green Bonds (SGrBs) in IFSC
Parameters for Performance Evaluation of Market Infrastructure Institutions
Flexibility in participation of Mutual Funds in Credit Default Swaps (CDS)
Modification in framework for valuation of investment portfolio of AIFs
SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2024
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Classification of laboratory chemicals [Circular No.18]
