CAalley Newsletter for the week ending on November 30, 2022
Latest additions to CAalley:
News:
Exposure Draft:
Acts & Regulations:
Reference Section:
Legal Updates:
News:
Proposal to levy GST on cryptos likely to be put on backburner
India-Australia FTA to come into effect on December 29: Piyush Goyal
Market regulator Sebi plans simplified BRSR, ESG rating regulations
SEBI limits active debt funds’ single-company exposure
Same PAN allotted to two persons, HC asks income tax department to respond
SEBI launches amnesty scheme for 150 brokers
FinMin to meet bank CEOs on December 5 to promote cross-border rupee trade
Need separate ministry for pharma to counter Chinese imports: Industry CEOs
RBI to launch pilot of retail digital rupee on December 1
Small firms may be allowed to merge PF, pension payments
'Financial creditors forego Rs 790 cr under insolvency resolution process'
Fifteenth Finance Commission chief bats for universal health cover
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
Irdai approves amendments, simplifies rules to set up insurance firms
Private equity funds can directly invest in insurers: IRDAI
SEBI sets buying, selling of MFs under insider trading rules
Will new credit card rule help you? RBI fixes minimum amount due formula for all cards
India, UAE central banks discuss rupee-dirham trade prospects: Official
RBI permits banks to open 12 special vostro accounts for trade in rupees
Forex reserves rise for second week in a row; up $2.5 bn to $547.25 bn
Sebi releases uniform format for OTC trades in non-convertible securities
GoM on GST levy on casinos, online gaming to submit report next week
Explained | SEBI’s measures to tackle incorrect information in the market
Guidelines to check fake online reviews to kick in today: Details here
Monetary policy faces severe information constraints: RBI DG Patra
About Rs 400 cr tax deposited by filing updated ITRs so far
Technology driven third-party validation needed: Sebi chief
Pre-budget consultations make finance ministry officials no wiser
Crowdsourcing of ideas for Budget 2023-24 to continue till December 10
FM Nirmala Sitharaman concludes pre-budget meetings: Here's what India wants
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
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
States' Budget demand: 60% GST share, extended compensation period
Mutual Fund body asks for preferential tax treatment
Exporters demand fiscal incentives, credit at affordable rates in Budget
FM Sitharaman seeks to shrink budget deficit as global headwinds loom
Rationalisation in long-term capital gains tax structure on the anvil
'Provide tax rebate on consumers' durables, real assets'
Farmers' groups urge Finance Minister to allow global trading of carbon credits from farms
PCAOB Finds Deficiencies at 21 Audit Firms
The importance of filling the skills gap in the accountancy sector
Nervous auditors re-examine crypto clients after FTX collapse
PCAOB Hopes Updating Quality Control Rules
In a 1st, UN to call shots on global tax rules
Hong Kong exchange carries out first carbon credit trades
Financial and non-financial reporting in the health sector
FRC to fine Deloitte £440k over 2018 audit
Concerns Bubbling Up Over Implications of Financial Data Transparency Act for GASB
FRC publishes what makes a good environment for auditor scepticism and challenge
Exposure Draft:
The IRDAI (Re-insurance) (Amendment) Regulations, 2022
[Last date for Comments: December 16, 2022 to be sent to
Acts & Regulations:
SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2022 [Dated November 24, 2022]
Reference Section:
What Makes a Good Environment for Auditor Scepticism and Challenge
[Issued by Financial Reporting Council, UK, in November 2022]
GST: Research Paper on filing of TRAN-1
[Submitted by Hiregange & Associates,
Bengaluru, Karnataka]
[November 22, 2022]
Legal Updates:
Payment of fees to the Insolvency and Bankruptcy Board of India
Net Settlement of Cash segment and Futures & Options (F&O) segment upon expiry of stock derivatives
Procedure for seeking prior approval for change in control
Framework to address the ‘technical glitches’ in Stock Brokers’ Electronic Trading Systems
Timelines for transfer of dividend and redemption proceeds to unitholders
Seeks to amend notification no. 17/2019-Customs (ADD) dated 9th April, 2019 [No.30(ADD)]
Amendments to certain specific FTA/PTA notifications [No.61]
