Daily Newsletter - May 1, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Useful Forms:
Legal Updates:
News Update:
RBI proposes to bring NBFCs, co-op banks under operational risk norms
NFRA penalises 3 auditors in Reliance Home Finance case
Sebi allows NRIs to own up to 100% in global funds at the GIFT City
Sebi looks to cut corporate bonds' face value to boost retail participation
Gujarat High Court rules mango pulp attracts 12% GST since July 2017
Sebi board takes measures to curb fraudulent trades in mutual funds
ICAI suggests tax incentives to encourage skill development, green projects
4 ways banks are overcharging borrowers on loan interest rates, as per RBI
ICAI order on EY India affiliates may speed up notification of norms
Sebi asks AIFs to report PPM changes directly to reduce compliance cost
RBI launches two key surveys to get inputs for upcoming monetary policy
CBIC develops common bank audit plan for central, state GST officers
Patanjali Group companies face GST heat, receives show-cause notices
8 Characteristics of a Well-Designed Root Cause Analysis Process, According to the PCAOB
PCAOB recommends root cause analysis
ISSB releases digital sustainability taxonomy
Exposure Drafts:
Exposure Draft - Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961
[Last date for comments: May 29, 2024]
Draft Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2024
[Last date for Comments: May 31, 2024]
Useful Forms:
Following MCA eForms have been updated as on April 30, 2024
Form MGT-15
Form for filing Report on Annual General Meeting
Form-23AC
Filing balance sheet and other documents with the Registrar 2(a)
Form-23ACA
Filing Profit and Loss account and other documents with the Registrar
Form-23B
Information by auditor to Registrar
Legal Updates:
Nomination for Mutual Fund unitholders – exemption for jointly held folios
Fair Practices Code for Lenders – Charging of Interest
