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CAalley Newsletter dated November 28, 2022

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Latest additions to CAalley:


Indian News

Budget News

International News

Reference Section:


Legal Updates:




Indian News:

CSR sparks R&D spends

Irdai endorses panel's view to cut obligatory cession to zero from 4%

Sebi revises framework for approving changes in control of stock brokers

I-T dept sends notices to firms to enquire about their foreign assets

Can't deny mediclaim to a vegetarian, insurer told

BL Explainer: Why is SEBI moving to T+1 settlement?

Indian industries urge RBI to consider moderating pace of rate hikes

GST Council to meet virtually on December 17

Stock brokers should report tech glitch within hour, says SEBI

Sebi gives more time to implement guidelines on share pledging for margin purposes

RBI pauses onboarding of online merchants by Paytm payments services

After 5 years, Irdai gives licence to general insurer, 19 more in line


Budget News:

Stay on fiscal glide path, boost capex in Budget: Economists to FM

Why tax collections are likely to exceed Budget estimates

Challenges in casting the tax net wider

Centre invites suggestions, Dec 10 last date

Miners' body seeks withdrawal of export duty on bauxite

Central Trade Unions reject finance ministry’s 3-minute pre-budget consultation offer, to boycott deliberations

Centre Might Increase CGST Target By 15% In Next Union Budget, Says Top Govt Official

Alternative investment funds: PE-VCs look for clarity on taxation


International News:

Nervous auditors re-examine crypto clients after FTX collapse

PCAOB Hopes Updating Quality Control Rules


Reference Section:


What Makes a Good Environment for Auditor Scepticism and Challenge
[Issued by Financial Reporting Council, UK, in November 2022]


Legal Updates:


Procedure for seeking prior approval for change in control