CAalley Newsletter for the week ending January 25, 2023
Latest additions to CAalley:
News:
Reference Section:
Acts & Regulations [includes New additions]
Useful Forms:
Exposure Drafts:
Legal Updates:
News Update:
Sebi to introduce more safeguards for F&O as traders' losses mount
Sebi slaps ₹26 crore fine on Coffee Day Enterprises, asks to be paid within 45 days
India bluechips to shift to world's fastest settlement cycle T+1 this week
SAT slashes NSE co-location case fine to Rs 100cr from Rs 625cr
Reserve Bank of India says no foreign investment cap on sovereign green bonds
ECLGS scheme stopped Rs 2 trn MSME loans from turning bad: SBI report
Company formation, conversion made easier and swifter on new MCA portal
India plans to cut gold import duty to arrest smuggling: Govt officials
SEBI launches information database on municipal bonds
Supreme Court notice on Kerala GST law permitting levy of tax under repealed VAT regime
Exim data revised, trade deficit narrows by $10 billion
GST wing told to identify tax defaulters
SEBI slaps final hearing notices to 9 'missing' entities
Longer wait for GST tribunals with Council yet to clear proposals
'Sinking hole of regulations': Mitra calls for simplification of GST system
EPFO portal offers link to opt for higher pension
Commerce Ministry relaxes EPCG norms to promote ease of doing biz
Indian banks' switch to IFRS norms unlikely to drive rating changes: Fitch
Sebi carries out nationwide raids on market experts for front-running
Sebi opts for principles-backed approach on ESG ratings, says report
Auditors of GoMechanic had raised several red flags in accounting: Report
No issue with crypto in India if laws are followed: Rajeev Chandrasekhar
FinMin exhorts PSBs to achieve financial inclusion targets for FY23
End of GST compensation to jolt six states most, says RBI
Insolvency law may provide carveouts for homebuyers
Have issues with only 6 of 10 CCI directions: Google to SC
Taxmen probe rich Indians for having foreign policies without approval
IBC overhaul seeks to give adjudicating authority a power boost
Bihar govt seeks GST compensation extension for another five years
India should consider reducing 1% TDS rate on cryptocurrency trade: Report
Centre expected to introduce new income tax slabs in Budget 2023: Report
Govt may not announce capital infusion for PSU banks in Budget: Sources
Rationalised TDS framework, concessional I-T regime expected in Budget: EY
Gone are the Budget day volatilities
Budget set to boost schemes linked to SCs, STs, senior citizens
Deloitte Cited For Not Disclosing Auditor Financial Ties
Taxpayers reminded about digital asset question and income reporting
Complying with the SEC’s insider trading reforms
U.S. accounting watchdog faces lawsuit over its 'secretive' disciplinary process
FASB mulls two new software accounting options
Top 5 Accounting Rules to Hit Companies’ Books This Year, Including Issues to Watch For
FASB Plans to Require More Detailed Disclosures of Income Statement Expenses
FASB to Expand Use of Accounting Method to More Tax-Credit Investments
Reference Section:
RBI acts, master directions / master circulars updated
Analysis of Profit and Loss of Individual Traders dealing in Equity F&O Segment
[Published by SEBI on Jan.25, 2023]
Useful Forms:
Updated as on January 23, 2023
Exposure Drafts:
Discussion Paper on Securitisation of Stressed Assets Framework (SSAF)
[Last date for Comments: February 28, 2023]
Proposed Part 10, Audits of Group Financial Statements
[Last date for Comments: May 2, 2023]
Legal Updates:
Companies (Management and Administration) Amendment Rules, 2023
Companies (Share Capital and Debentures) Amendment Rules, 2023
Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2023
Companies (Incorporation) Amendment Rules 2023
Companies (Registration of Foreign Companies) Amendment Rules, 2023
Companies (Accounts) Amendment Rules, 2023
Companies (Authorised to Register) Amendment Rules, 2023
Companies (Prospectus and allotment of securities) Amendment Rules, 2023
Companies (Misc) Amendments Rules, 2023
Companies (Appointment and Qualification of Directors) Amendment Rules, 2023
Amendments in Para 4.42 of the Handbook of Procedures 2015-2020 [Public Notice No.52]
Implementation of Paper Import Monitoring System (PIMS) – Clarification [Circular No.45]
Streamlining of Halal Certification Process for Meat and Meat Products [Trade Notice No.25]
Withdrawal of EODC ONLINE Monitoring System [Trade Notice No.24]
Implementation of RoDTEP Committee report in relation to Anomalies etc
Extension of time for renewal of safe locker agreements
Circular - Clarification on classification of shares issued by virtue of demerger
Exchange rate Notification No. 05/2023-Cus (NT) dated 19.1.2023 [No.5(NT)]
