CAalley Newsletter dated December 2, 2022
Latest additions to CAalley:
News:
Legal Updates:
News:
Income tax department moves to resolve tax refund issues quickly
India extends deadline to levy cap on digital payment transactions
Sebi to use AI to scan stock tips on TV shows
RBI revises norms for classifying UCBs as financially sound & well managed
SEBI permits brokers to extend margin trading facility to equity ETFs
Reserve Bank of India issues framework for Indian banks' foreign biz
RBI announces 4-tiered regulatory framework for urban cooperative banks
Govt proposes issuance of one licence for all insurance businesses
e-Rupee: India's digital currency fails to excite interest, say bankers
Sebi brings in net settlement of cash, F&O segment upon expiry of stock
RBI's modified digital lending norms to come in effect from Dec 1
India plans to offer in Budget slew of incentives to boost shipbuilding industry, say sources
FASB takes step toward clarifying lease accounting
FRC sets out policy plans to increase competition and resilience in failing audit market
Audit committee disclosures increase, right along with workload
Chair Williams Says PCAOB Has No Authority to Inspect Audits of FTX
Legal Updates:
Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy
Notification of Significant Benchmark
Extension of timeline for implementation of Standardized Industry Classification by CRAs
Clarification with respect to NDS-OM - Investments - Master Circular
Exchange rate Notification No. 101/2022-Cus (NT) dated 01.12.2022 [No.101(NT)]
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.100(NT)]
Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022 [No.99(NT)]
Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022 [No.98(NT)]