Daily Newsletter - February 2, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Drafts

IRDAI Drafts

Legal Updates:

Income Tax

IFSC

IBBI

RBI

IRDAI

DGFT

Customs

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News Update:

Indian News:

UPI in France: Indians can now pay in rupees at Eiffel Tower

RBI slaps Rs 5 lakh fine on Bajaj Housing Finance for violating provisions

I-T dept will erase petty tax demands on its own, says CBDT chairman

ITR-2, ITR-3 for FY 2023-24 notified by CBDT; More details required from certain taxpayers

Provide coverage for AYUSH in health insurance policies: Irdai to insurers

Govt extends export incentive scheme for apparel, garment till March 2026

Budget 2024: Green fuel gets boost, FM presents scheme for biomanufacturing

Front-running case: Sebi bans 7 cos from securities market for up to 3 yrs

Sebi bans individual from securities markets for unregistered PMS business

Budget 2024 Documents

All outstanding personal tax demands up to Rs 25,000 withdrawn till FY 2014-15 in Budget 2024

Budget 2024 highlights: Key income tax, personal finance announcements

Budget 2024-25 - Key Highlights

Your Paytm FASTag likely to become inoperative after Feb 29; here’s what you should do

FM will present Budget with 'disha nirdeshak baatein', says PM Modi

RBI asks REs to review internal compliance tracking, monitoring processes

 

International News:

SEC wins legal victory against former tech CFO in accounting fraud case

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Exposure Drafts:

SEBI Drafts:

Consultation Paper to revise and revamp nomination facilities in the Indian Securities Market
[Last date for Comments: March 8, 2024] 

Consultation paper on flexibility to Category I and II AIFs to create encumbrance on their holding of equity in infrastructure sector investee companies to facilitate raising of debt by such investee companies
[Last date for Comments: February 23, 2024] 

Addendum to Consultation Paper on Interim Recommendations of the Expert Committee for facilitating ease of doing business and harmonization of the provisions of ICDR and LODR Regulations
[Last date for Comments: February 9, 2024] 

 

IRDAI Drafts:

IRDAI (Corporate Governance) Regulations, 2024
[Last date for Comments: February 23, 2024] 

IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations, 2024
[Last date for Comments: February 23, 2024] 

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Legal Updates:

Income Tax:

The Income-tax (Amendment) Rules, 2024 - Changes in the ITR Forms 2, 3 and 5 [Notification No.19]

 

IFSC:

The International Financial Services Centres Authority (Payment Services) Regulations, 2024

 

IBBI:

IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2024

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2024

IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2024

IBBI (Insolvency Professionals) (Amendment) Regulations, 2024

Measures for rationalisation of the regulatory framework of Insolvency Professional Entities

Measures for facilitating efficient conduct of the processes by the Insolvency Professionals

 

RBI:

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 [Press Release]

 

IRDAI:

Guidelines on providing AYUSH coverage in Health Insurance policies

Modification in Product for Persons with Disabilities(PWD), Persons afflicted with HIV/AIDS, and those suffering from Mental Illness

 

DGFT:

Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments along with maintaining the Parent-Child relationship in the levels of packaging and their movement in supply chain - Extension of date of implementation [Public Notice No.39]

 

Customs:

Exchange Rate Notification No. 10/2024-Cus (NT) dated 01.02.2024 [Notification No.10(NT)]

Authorization of Booking Post Offices and their corresponding Foreign Post Offices in terms of the Postal Export (Electronic Declaration and Processing) Regulations, 2022 [Circular No.1]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.9(NT)]

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