CAalley Newsletter dated September 5, 2022
Latest additions to CAalley:
News:
From the ICAI:
Legal Updates:
News:
GST Rules amendment on registration cancellation: HC issues notices to Centre, Maha
RBI imposes penalties on five co-operative banks for non-compliance
Public sector banks to open 316 branches in financial inclusion drive
Will soon come up with new version of Data Protection Bill: IT Minister
Banking system healthy enough to withstand external headwinds: Shaktikanta Das
Individuals borrow more, corporates deleverage
Online gaming: Lens on winners to pay taxes, update ITRs
EPFO backs raising retirement age to ease pressure on pension funds
Over 1.55 lakh updated ITRs filed in May-September
PSU banks to open about 300 branches in unbanked areas by Dec 2022: Report
25 lakh households get zero electricity bills: Punjab Power minister Harbhajan Singh
I-T refunds of Rs 1.14 lakh crore issued between April-August
Indian Forex reserves decrease by $3 billion to $561.046 billion according to RBI data
Insurers may pass on commission costs
Banking on awareness to tackle cyber fraud
Return to workplace may ease moonlighting concerns in IT industry: Experts
Sebi issues guidelines for brokers providing algorithmic trading services
Ombudsmen disposed of 32% more complaints against insurers in 2021-22
Taxmen can launch prosecution in cases of over Rs 5 crore GST evasion
RBI issues guidelines for digital lending: Lenders can no longer levy hidden charges
RBI gives lenders time till end-November to comply with new digital rules
India keen to settle sovereign bonds domestically to help with CAD
'Think of the worst': RBI Governor Das nudges banks to raise capital
Direct tax collections may exceed budget targets, CBDT chief says
Effect of rate hikes still unclear: RBI MPC member Varma
SEBI rejigs panel on cyber security; expands to six members
New global sustainability disclosure standards won’t bring quick local relief
Grant Thornton charged with audit failure of iSignthis
FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ
IRS reduces tax return backlog as AICPA urges penalty relief extension
From the ICAI:
MCA 21 Version 3- LLP filing and Company Filing for 9 Forms
Legal Updates:
The Income-tax (29th Amendment) Rules, 2022
Notification u/s 55(2) of the Insolvency & Bankruptcy Code,2016
Extension of period of the Company Law Committee
Performance/return claimed by unregulated platforms offering algorithmic strategies for trading
Guidelines on Information and Cyber Security
Appointment or Continuation of Common Director(s) u/s 48A of Insurance Act,1938