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CAalley Newsletter dated April 14, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

FRC Draft

Legal Updates:






News Update:

Indian News:

What is ‘Dabba trading’ and how does it affect the economy?

Any action on crypto assets will have to be global: Nirmala Sitharaman

Government plans to introduce bills to amend companies, insolvency laws in Parliament's monsoon session

Delhi HC upholds notifications imposing GST on Ola, Uber auto rides

Firms with Rs 100 cr turnover have to upload e-invoices within 7 days

Higher EPS Pension: Allow contribution towards higher pension without proof, Kerala HC tells EPFO

Rupee trade arrangement to help reduce transactions cost, says Piyush Goyal

Report on health cover for 'missing middle' soon: Irdai

'RBI's proposal to regulate bank penal charges could dent lenders revenues'

Can't use penal charges to up revenue: RBI to lenders

Reserve Bank of India proposes threshold for penal charges on loans


International News:

KPMG fined 875,000 pounds for failures in Luceco audit

FASB Issues New Accounting Rules for Investments in Tax Credit Structures

UK: Government to review outdated whistleblowing laws

KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure

Exposure Draft:

FRC Draft:

Audit Enforcement Procedures: Consultation on proposed amendments 2023
[Last date for Comments: May 5, 2023


Legal Updates:


GST Updated Advisory: Time limit for Reporting Invoices on the IRP Portal

Advisory: Time limit for Reporting Invoices on the IRP Portal



The Competition (Amendment) Act, 2023



Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities



Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.28(NT)]


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