CAalley Newsletter dated March 29, 2023
Latest additions to CAalley:
News Update:
From the ICAI:
Legal Updates:
News Update:
SEBI to put in place framework to prevent frauds by stock brokers
Lok Sabha approves amendments to competition law
States asked to finish fresh audits of public sector enterprises
No charge on normal UPI payment; interchange fee for PPI transactions: NPCI
NCLAT upholds Rs 1,337.76 crore fine imposed on Google by competition watchdog
Sebi approves key reforms giving more say to investors
Sebi discontinues payment through demand draft mode for intermediaries
PSU banks recover 14% of written-off loans in last 5 years: FM
Centre clears IRDAI's new commission norms for insurance intermediaries
Sebi extends nomination deadline for existing trading, demat account holders till Sep 30
To get long-term capital gains benefit, MFs re-open overseas investment funds
Government extends last date for linking PAN with Aadhaar to June 30
EPFO raises interest rate to 8.15% for FY23 from 8.1% last year: Report
SEBI getting set to regulate index providers
Power ministry seeks comments on draft carbon credit trading scheme
Proposal aims to ‘modernize’ public-company audit standards
FASB issues update to leases guidance
US regulator sues top crypto exchange Binance, CEO for 'willful evasion'
FASB issues lease standards update
From the ICAI:
Legal Updates:
Income Tax: Rule 114AAA - Consequences of PAN becoming inoperative
Form 10F: Partial Relaxation provided to Non-residents not having PAN and not required to have it
Last date for linking of PAN-Aadhaar extended [Press Release]
Cyber Security and Cyber Resilience framework for Portfolio Managers
Review of time limit for disclosure of NAV of Mutual fund schemes investing overseas
Nomination for Mutual Fund Unit Holders – Extension of timelines
Norms for Scheme of Arrangement by unlisted Stock Exchanges, Clearing Corporations and Depositories
Amendment to Securities Lending Scheme, 1997
Streamlining the onboarding process of FPIs
Special Clearing Operations on March 31, 2023
Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy