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Daily Newsletter - December 11, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

CA's Referencer

Exposure Drafts:

SEBI Drafts

ICAI Exposure Draft

Legal Updates:




News Update:

Indian News:

SC agrees to hear IDBI Trusteeship Services’ appeal, issues notice to Essel group entities

HC judgement on IOCL sets precedent on input tax refunds under GST

63% taxpayers stick to Old Tax Regime; Here’s why

GST evasion of Rs 345 cr detected against lottery distributors till Nov '23

Coming soon: NFRA's reports on top 5 auditors

Sebi mulls 'fast track' public issuance of debt securities to increase participation of non-institutional investors

FinMin to empanel bankers, law firms for OFS disinvestment, dribbling

NCLAT stays CCI penalty on NTPC for non-disclosure on acquisition of Ratnagiri gas & power shares

Govt working on 1st ever 'cost of regulation' study for states: DPIIT secy

Sebi plans new asset class for high-risk investors


International News:

US Audit partners see more use of AI at public companies

Reference Section:

CA's Referencer:

Customs Post Clearance Audit Formats

Exposure Drafts:

SEBI Drafts:

Consultation paper on review of provisions of NCS Regulations and LODR Regulations for ease of doing business and introduction of fast track public issuance of debt securities
[Last date for Comments: December 30, 2023] 

Consultation paper on Framework for issuance of subordinate units and Unit Based Employee Benefits - REITs and InvITs
[Last date for Comments: December 29, 2023] 


ICAI Exposure Draft:

Exposure Draft of Guidance Note on Audit of Banks (2024 Edition)
[Last date for comments: December 31, 2023] 

Legal Updates:


Sovereign Gold Bond (SGB) Scheme 2023-24



Insurance claims relating to Cyclone Michaung



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