Daily Newsletter - May 10, 2024
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
From the ICAI:
Legal Updates:
News Update:
Arrest under GST Act should not be based on mere suspicion, says SC
Sebi cuts lot size of private-placed InvITs to Rs 25 lakh
Sebi mandates Investment advisors to share social media details twice a yr
Sebi mulls direct payout of securities to client's account mandatory
NPCI to delay payments market cap by two years, helping PhonePe, Google Pay
Front-running, insider trading: Amfi rulebook to curb misconduct in a month
SEBI increases scrutiny on disclosure of KPIs by startups planning IPOs: Exclusive
SC asks Centre to not use "threat and coercion" in GST recovery operations
HNI investors in offshore ‘blank cheque’ companies receive income tax notices
SC holds bank employees' interest-free loans taxable as fringe benefits
RBI governor discusses ways to scale up UPI ecosystem with stakeholders
Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees
New IFRS Accounting Standard Eases Financial Reporting for Subsidiaries
US: Firms Starting to Field Questions on New Crypto Accounting Rules, Panel Says
Exposure Drafts:
Consultation paper on the IFSCA (Board for Regulation and Supervision of Payment and Settlement Systems) Regulations, 2024
[Last date for Comments: May 30, 2024]
Draft - Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account
[Last date for Comments: May 30, 2024]
Consultation Paper on measures towards Ease Of Doing Business for REITs and InvITs
[Last date for Comments: May 30, 2024]
Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities
[Last date for Comments: May 30, 2024]
Acts & Regulations:
Master Circular for Alternative Investment Funds (AIFs)
[Published on May 7, 2024]
Master Direction – RBI (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
Useful Forms:
New Release:
ITR 3 - Excel Utility & JSON Schema
Updated: Common Offline Utility (ITR 1 to ITR 4)
From the ICAI:
Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 1)
Legal Updates:
Uploading of judicial orders related to insolvency proceedings by Insolvency Professionals
Applicability of Notification No. 71/2023 dated 11.03.2024 [Trade Notice No.3]
