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Daily Newsletter - May 29, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

International Content:

IFAC Advocacy Workbook

Exposure Draft:

FRC Exposure Draft

Legal Updates:




News Update:

Indian News:

No penalty if GST no. not put up outside firms, bizmen told

MP: Two held for GST fraud of more than 12 cr in Indore

Organisations adopting sustainability reporting get competitive edge

"Individual directors should not have any conflict of interest," says RBI Governor

RBI governor warns bank boards against overaggressive growth, evergreening

RBI reviews bond value norms that shield banks

Sebi may soon ease compliance norms for PE, VC funds in India: Report

Angel tax: Startups await clarity on 'missed targets'

Angel tax: Experts seek 10% safe harbour for convertible preference shares

Now income proof mandatory for Rs 10 lakh investments in small savings schemes

CFOs to be blamed for most of frauds, says SEBI WTM Mohanty

Courts staying GST demands till tribunal is set up

Banks, CBI spar over nod for action on fraud loans

RBI imposes Rs 85 lakh penalty on Central Bank of India for non-compliance relating to frauds classification and reporting


International News:

IASB Issues Disclosure Rules to Boost Transparency around Terms of Supplier Finance Arrangements

FRC: Scalebox launched to promote competition and quality for smaller audit firms

ChatGPT aces CPA exam after prior version flunked

International Content:

IFAC Advocacy Workbook:

Global Fight, Local Actions:
Anti-Corruption Advocacy Workbook for PAOs

Exposure Draft:

FRC Exposure Draft:

Consultation Paper - Corporate Governance Code
[Last date for Comments: September 13, 2023]

Legal Updates:


Advisory on due date extension of GST Returns for the state of Manipur



Amendment in Policy condition of Sl. No. 55 & 57, Chapter 10 Schedule-2, ITC (HS) Export Policy, 2018 [No.9]

Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act 2023 (No.8 of 2023) dated 31.03.2023 and Foreign Trade Policy, 2023 [No.8]



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