Weekly Newsletter - January 31, 2024
Latest additions to CAalley:
News Update:
Acts & Regulations:
Reference Section:
Useful Forms:
From the ICAI:
Exposure Draft:
International Content:
Legal Updates:
News Update:
Private sector banks' Casa deposits ratio see sharper drop than PSBs
RBI halts fresh business at Paytm Payments Bank on supervisory concerns
Sebi reviewing small, midcap MFs' stress tests: Report
Why Economic Survey won't be presented on January 31 this year
Sebi to review norms for penalty disclosure
Companies gear up for litigation on GST anti-profiteering clause
CA gets bail in ₹20,000cr PMLA case tied to Vivo
IMF raises India's GDP growth projection for FY25 by 20 bps to 6.5%
New IMPS fund transfer rules coming soon: Here is all you need to know
India ranks 93 out of 180 countries in corruption perceptions index 2023
New NPS partial withdrawal: Everything you need to know about pension rule
Customs to ease export norms for certain dual-use goods, says DGFT
EPS members having multiple account numbers: EPFO rules to know
Budget 2024: Fintech sector wants government to improve KYC and anti-fraud systems
Sebi chief cautions against extending derivative trade hours
Critical sectors may be asked to have a common crisis management plan
To curb misuse, considering segregating prop, retail trades settlement: Sebi chief
Centre allows woman employees to nominate son, daughter for family pension
Delhi HC upholds validity of anti-profiteering provisions under GST
Shun practice of mentioning caste or religion of litigants in cases: Supreme Court
Here's what to watch out for in Interim Budget ahead of Lok Sabha polls
CA Held For Accusing Firm Of ₹3,000 Crore Fraud
How Deloitte Failed To See Massive $470 Million Scam By Nigerian Firm
Irdai notifies a consolidated regulation on expenses of management
Insurance firms must adhere to best practices for customers: Regulator
Madras high court clarifies on gift voucher GST
Zomato receives RBI approval to operate as online payment aggregator
ITAT allows capital loss of Rs 2,047 crore for Tata Sons
Indian banks urge return to call option valuation for perpetual bonds
NFRA to inspect Big 4, others in 2024 too
Burden to call for curing of defects in tax return on assessing officer: SC
Final stage of preparations for Interim Union Budget 2024 commences with Halwa Ceremony
Everything you need to know about the Draft Indian Stamp Bill, 2023
High risk offshore funds have seven months to liquidate India holdings - sources
Govt may announce steps to promote, make NPS more attractive scheme
Sebi allows promoters to offer shares to staff via stock exchange mechanism in OFS
Income tax filers more than double to 77.8 million in 10 years: Govt data
India overtakes Hong Kong as world’s fourth-largest stock market by Market Cap
IESBA floats stricter ESG reporting standards for review
PwC Reports Jump in Audit Flaws, Following Trend by EY, Deloitte
Global watchdog proposes new ethics code to combat greenwashing
PCAOB levies $590K in fines over Haynie audits
Acts & Regulations:
GST Act(s) and Rule(s) - Bare Law
(January, 2024)
Reference Section:
Useful Forms:
Form for submission of Prospectus with the Registrar [LEAP-1]
From the ICAI:
Statement on Continuing Professional Education, 2023
[Updated as on January 30, 2024]
Exposure Draft:
Using the Work of an External Expert
[Last date for Comments: April 30, 2024]
International Content:
Accounting Standards Update:
Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60)
Accounting for and Disclosure of Crypto Assets
[December 2023]
Legal Updates:
ITR 6 for AY 2024-25 notified [Notification No.16]
Amendment in Notification No. 02/2017-CT dated 19th June, 2017 [CGST Notification No.5]
The Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024
Streamlining of Internal Compliance monitoring function – leveraging use of technology
Streamlining of Regulatory Reporting by Designated Depository Participants (DDPs) and Custodians
Extension of timeline for verification of market rumours by listed entities
The IRDAI (Expenses of Management, including Commission, of Insurers) Regulations, 2024
Denotification of Arbitration Clause
Enlistment of chambers /agencies under Appendix 2E of FTP, 2023 [Public Notice No.38]
Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017 [Notification No.8]
Corrigendum dated 23.01.2024 to notification No. 15/2023-Customs(ADD)
