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Daily Newsletter - February 14, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IRDAI Drafts

CA's Referencer:

Corporate Law

Legal Updates:

IBBI

DGFT

Customs


  

News Update:

Indian News:

RBI Governor asks bank CEOs to maintain vigil around risks build-up

Co-location case: Sebi rejects NSE’s settlement plea

Sebi cautions investors against unregistered entities promising assured returns

Salary earned by a 'non-resident' overseas cannot be taxed in India, tribunal rules

Government looking at component-linked incentive scheme for electronic manufacturing

Fin service providers must have regulatory nod for liquidation: IBBI

Irdai chairman asks insurance companies to underwrite disruptions

EY conducting forensic audit of Bandhan Bank loans worth ₹23,000 crore

IT ministry fears losing out to China, Vietnam in smartphone exports race

Real-time payment service between India and US banks soon? NPCI in talks for linking

Taxpayer successfully challenges I-T official’s denial of LTCGs on sale of shares

Sebi ups scrutiny of issue documents amid a rise in IPO in market: Reports

ICAI elects new President, Vice President

 

International News:

PCAOB sanctions, bars 2 partners

CFOs harbor data quality worries ahead of AI push

IRS seeks more than $1B from collapsed SVB

Whistleblowers need not prove ‘retaliatory intent,’ SCOTUS holds

What Are the Consequences of Auditors Subject to Regulatory Enforcement Actions? Apparently Not Much


Exposure Drafts:

IRDAI Drafts:

IRDAI(Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024
[Last date for Comments: March 4, 2024] 

IRDAI (Bima Sugam - Insurance Electronic Marketplace) Regulations, 2024
[Last date for Comments: March 4, 2024] 

IRDAI (Actuarial, Finance and Investment Functions of insurers) Regulations, 2024
[Last date for Comments: March 4, 2024] 


CA's Referencer:

Corporate Law:

Report on Framework for Use of Mediation under the Insolvency and Bankruptcy Code, 2016
by Expert Committee constituted by the IBBI


Legal Updates:

IBBI:

The Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2024

Deposit and withdrawal of unclaimed dividends and / or undistributed proceeds in accordance with regulation 39 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

Reporting / Sharing of information in the Voluntary Liquidation process

 

DGFT:

Import of Watermelon Seeds under ITC(HS) 12077090 of ITC(HS) 2022 for the period up to 31.08.2024 [Public Notice No.41]

Notification of ‘Indian Trade Classification (Harmonised System) of Export Items, 2023’ [Chapter 01-39 of Schedule 2, Export Policy of ITC (HS), 2023] [Notification No.60]

Implementation of Notification No.51/2015-2020 dated 25th January, 2022 during FY 2024-25 [Trade Notice No.37]

 

Customs:

Appointment of Common Adjudicating Authority for the purpose of adjudication of finalization of Provisional Assessment in SVB case w.r.t. M/s Pernod Ricard India Pvt. Ltd, DLF Phase-II [Notification No.11(NT)]


 

 

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