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Daily Newsletter - May 3, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

IRDA Exposure Draft

Legal Updates:



Central Excise


News Update:

Indian News:

No priority for worker dues after liquidation under IBC

MahaRERA issues show-cause notice to chartered accountants

EPFO extends deadline to apply for the higher pension to June 26

Professionals under the scanner for unethical conduct

Govt. amends offshore mining law to encourage private mining

Govt mulls making Indian Patent Act more research friendly, private sector urged to spend on R&D

Go First airline files for bankruptcy at National Company Law Tribunal

Five, including CA, arrested for cyber frauds


International News:

FASB Updates Rules on Common-Control Leases

Independence Gets Its Own Spot in PCAOB Audit Inspection Reports

Exposure Draft:

IRDAI Exposure Draft:

Exposure Draft Guidelines on Remuneration of Non-Executive Directors and Key Managerial Persons of Private Sector Insurers
Download this ZIP file for Drafts and Accompanying Documents
[Last date for Comments: May 15, 2023] 

Legal Updates:


Introduction of Legal Entity Identifier (LEI) for issuers who have listed and/ or propose to list non-convertible securities, securitised debt instruments and security receipts



Acceptance of Electronic Certificate of Origin (e-COO) issued under the India-Sri Lanka FTA (ISFTA) [Instruction No.15]


Central Excise:

Reduction of Windfall Tax on Crude Oil [No.21]


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