Daily Newsletter - March 13, 2024

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Latest additions to CAalley:

News Update:

Indian News

Acts & Regulations:

SEBI Regulations

Exposure Draft:

MCA Draft

Legal Updates:

GST

CCI

RBI

SEBI

Customs

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News Update:

Indian News:

NFRA to set up sandbox for supporting innovation in auditing techniques

RBI imposes monetary penalty on Bank of India and Bandhan Bank

RBI tells 2 banks to stop adding new customers to co-branded credit cards

Finmin asks PSU banks for comprehensive review of their gold loan portfolio

KYC rules to change: Uniform KYC for all — opening bank account to buying insurance to investing in stocks, mutual funds

Sebi may offer FPIs relief on stricter disclosures

Sebi re-examines settlement guarantee fund after a decade

More checks on Big Tech for anti-competitive acts

125% interest rate on loans? RBI, Sebi dragged to court over Paisalo's charge

NPCI likely to approve third-party application license for Paytm this week

Complaints under RBI's ombudsman schemes soar 68% to over 7 trn in 2022-23

Tax dept finds inconsistencies in transaction report of market entity

India limits market access in financial services to EFTA countries

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Acts & Regulations:

SEBI Regulations:

SEBI (Index Providers) Regulations, 2024

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Exposure Draft:

MCA Draft:

Report of the Committee on Digital Competition Law
[Last date for Comments: April 15, 2024] 
  

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Legal Updates:

GST:

Advisory on GSTR-1/IFF: Introduction of New 14A and 15A tables

 

CCI:

Revision of (a) de minimis exemption; (b) relevant assets and turnover in case a portion of an enterprise or division or business is being acquired, taken control of, merged or amalgamated with another enterprise

Enhancing the value of assets and the value of turnover, by One hundred and fifty per cent for the purposes of section 5 of the Competition Act, 2002

 

RBI:

Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files

Reporting and Accounting of Central Government transactions for March 2024

 

SEBI:

Simplification and streamlining of Offer Documents of Mutual Fund Schemes - Extension of timelines

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2024

 

Customs:

Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017 so as to change the applicable BCD rate on specified parts of medical X-ray machines [Notification No.16]

Seeks to amend specific tariff items in Chapter 90 of the 1st schedule of Customs Tariff Act, 1975 [Notification No.15]

Amendment to Notification No. 24/2023-Customs (N.T.) dated 01.04.2023 - Extension of RoDTEP support to exports by AA/EOU [Notification No.20(NT)]

Amendment to Notification No. 61/94-Customs (N.T.) dated 21.11.1994 - Notification of Bhopal Airport as Customs Airport [Notification No.19(NT)]

Seeks to amend No. 1/2019-Customs (CVD) in order to extend the levy on Pnumatic radial tyres from China PR upto 23rd July, 2024 [Notification No.1]

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