Daily Newsletter - April 30, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Drafts

Acts & Regulations:

SEBI Regulations

Legal Updates:

Income Tax

RBI

SEBI

IFSCA

DGFT

Customs

Central Excise

 

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News Update:

Indian News:

Sebi cautions investors on opinion trading platforms

Ministry of Finance initiates search for a new whole-time member for Sebi

ITR forms 1, 4 notified for FY 2024-25 (AY 2025-26): Major overhaul in ITR Form 1 to include these long-term capital gain taxes, check what else has changed

'Digital access a fundamental right': Supreme Court rules to make e-KYC accessible for disabled

RBI approves executive committee to oversee IndusInd Bank operations following CEO Sumant Kathpalia's exit

RBI launches 3 surveys for inflation, consumer confidence, policy input

Justice BR Gavai appointed next Chief Justice of India, oath on May 14

Sebi extends deadline for optional T+0 settlement for QSBs to Nov 1

IndusInd CEO Sumant Kathpalia resigns over derivative accounting lapses

Lavish holidays? Get details ready for new ITR form

Sebi proposes framework for winding down of KYC registration agencies

Error-free UPI transactions: NPCI bans nicknames in UPI payments - here’s how it will benefit users

Gifting dollars to NRI kids? RBI's 180-day rule could trip wealthy Indians

Sebi comes out with timelines for brokers to collect margins

ED conducts search operations at Gensol Engineering; seizes documents

One of first trade deals may be with India, says US treasury secy Bessent

  

International News:

FASB’s draft rules could harm environmental credit markets, EDF says

IAASB tweaks standards on outside experts

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Exposure Drafts:

SEBI Drafts:

Consultation paper on amendment to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 with the objective of mandatory de-materialization of existing securities of select shareholders prior to IPO
[Last date for Comments: May 20, 2025] 

Consultation paper on Framework for Orderly Winding Down of Critical Operations and Services of a KYC (Know Your Client) Registration Agency (KRA)
[Last date for Comments: May 20, 2025] 

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Acts & Regulations:

SEBI Regulations:

SEBI (Infrastructure Investment Trusts) Regulations, 2014 [Updated upto April 29, 2025]

SEBI (Credit Rating Agencies) Regulations, 1999 [Updated upto April 23, 2025]

SEBI (Real Estate Investment Trusts) Regulations, 2014 [Updated upto April 23, 2025]

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Legal Updates:

Income Tax:

The Income-tax (12th Amendment) Rules, 2025 - ITR Form 1 and 4 for the AY 2025-26 notified [Notification No.40]

  

RBI:

Processing of Regulatory Authorisations/ Licenses/ Approvals through PRAVAAH

Dispensation of ₹100 and ₹200 denomination banknotes through ATMs

  

SEBI:

Clarificatory and Procedural changes to aid and strengthen ESG Rating Providers (ERPs)

Extension of timeline for implementation of provisions of SEBI Circular dated December 10, 2024, on optional T+0 settlement cycle for Qualified Stock Brokers (QSBs)

SEBI (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2025

Timelines for collection of Margins other than Upfront Margins – Alignment to settlement cycle

  

IFSCA:

Amendment to the "IFSCA Operating Guidelines on Bullion Exchange, Bullion Clearing Corporation, Bullion Depository and Vault Manager – Dispensation of net-worth requirement for ‘Customers’"

  

DGFT:

Request for Comments on Alignment of Schedule-II (Export Policy), ITC(HS) 2022 with amendments introduced by Finance Act 2025 [Trade Notice No.4]

  

Customs:

Seeks to amend List 34A and 34B of the Notification No. 50/2017-Customs dated 30.06.2017 [Notification No.24]

Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s Murrplastik India Private Limited [Notification No.31(NT)]

Appointment of Common Adjudicating Authority (CAA) in respect of 77 cases [Notification No.29(NT)]

  

Central Excise:

Re-assignment of appeals pending in Kolkata Zone [Order No.04/2025]

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