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CAalley Newsletter dated February 24, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Legal Updates:




News Update:

Indian News:

5% GST payable on all pre-packaged and labelled jaggery: Karnataka AAR

NSE unit launches first Municipal Bond Index

Indian banks to issue bonds to maintain capital levels: CARE Ratings

NSE gets SEBI’s final nod for social stock exchange

‘Authorities can’t doubt tax residency certificate’: ITAT

NFRA interacts with Life Insurance Industry on AS 117 for accounting for insurance contracts

Sebi plans to allow perpetual funds

MCA notifies procedure for physical submission of compliance forms

NPS rule change: Uploading these documents will be mandatory for withdrawal from April 1, 2023

Excise ‘scam’: Delhi court allows ED to question Hyderabad-based CA in money laundering case

Urgent need to increase level of self-governance: SEBI official

Sebi proposes to allow pension funds to participate as anchor investors in public issues


International News:

Businesses must take action to weather geopolitical storms

China urges state firms to drop Big Four auditors, Bloomberg reports

ICAEW issues practical tips on UK CFDR


Exposure Draft:

SEBI Draft:

Consultation Paper on Holding of Sponsor in REITs and InvITs
Last date for Comments: March 8, 2023]


Legal Updates:


Seeks to exempt BCD on ships/ vessels for breaking up [No.13]



One time relaxation for furnishing additional fee to cover excess imports affected under the Export Promotion Capital Goods Scheme to promote Ease of Doing Business [No.58]


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