Weekly Newsletter - March 13, 2024
Latest additions to CAalley:
News Update:
Legal FAQs:
Useful Forms:
Acts & Regulations:
Exposure Draft:
Legal Updates:
News Update:
NFRA to set up sandbox for supporting innovation in auditing techniques
RBI imposes monetary penalty on Bank of India and Bandhan Bank
RBI tells 2 banks to stop adding new customers to co-branded credit cards
Finmin asks PSU banks for comprehensive review of their gold loan portfolio
Sebi may offer FPIs relief on stricter disclosures
Sebi re-examines settlement guarantee fund after a decade
More checks on Big Tech for anti-competitive acts
125% interest rate on loans? RBI, Sebi dragged to court over Paisalo's charge
NPCI likely to approve third-party application license for Paytm this week
Complaints under RBI's ombudsman schemes soar 68% to over 7 trn in 2022-23
Tax dept finds inconsistencies in transaction report of market entity
India limits market access in financial services to EFTA countries
SEBI to introduce T+0 settlement on an optional basis by March 28: Madhabi Puri Buch
Top auditors stop offering non-audit work to clients
Trade game-changer in making? Several countries willing to start trading with India in rupee
Why RBI has increased its scrutiny on co-branded credit cards
CBDT starts sending emails, SMSs for mismatch in tax profile in FY24
SEBI notifies micro-REITs regulations; move to boost transparency, investments
CBIC working to weed out duplicate notices
FinMin asks PSBs to ensure compliance in withdrawal from Rera accounts
Govt exempts certain payments to units in IFSC from TDS starting April 1
UPI can now be used to make payments to Nepalese merchants, says NPCI
NFRA proposes sandbox-like structure for audit innovations
Big-Four’s dominance has regulator worried
CGST Commissionerate busts syndicate involved in Rs 1,000 cr ITC fraud
CCI can now impose fines based on cos' global turnover
RBI tightens norms for credit, debit cards used with business accounts
Indian government panel backs higher carbon tax on coal imports
India mulls quota-based duty cuts on gold imports to Switzerland under EFTA
CBI conducts searches at 67 locations in Raj, Maha in UCO Bank IMPS scam
RBI, Bank Indonesia agree to use local currencies for bilateral trade
NFRA to look at feasibility of ranking auditors
SEBI offers settlement opportunity to entities in illiquid stock option segment. Details here
Explained: You can choose your own credit card network from 6 September
MCA starts major review of regulatory rules
AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations
Legal FAQs:
FAQs on Master Direction (MD) - Credit Card and Debit Card – Issuance and Conduct
Useful Forms:
MCA eForms have been updated as on March 8, 2024:
All MCA eForms are available at here
Acts & Regulations:
SEBI (Index Providers) Regulations, 2024
Exposure Draft:
Report of the Committee on Digital Competition Law
[Last date for Comments: April 15, 2024]
Legal Updates:
Advance Tax e-campaign for F.Y. 2023-24 [Press Release]
TDS Exemption for IFSC units [Notification No.28]
Advisory for Trusts / Institutions
Advisory on GSTR-1/IFF: Introduction of New 14A and 15A tables
Integration of E-Waybill system with New IRP Portals
Notification on TDS Exemption IFSC
The Competition Commission of India (Determination of Turnover or Income) Regulations, 2024
The Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024
The Competition Commission of India (Settlement) Regulations, 2024
The Competition Commission of India (Commitment) Regulations, 2024
Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files
Reporting and Accounting of Central Government transactions for March 2024
Simplification and streamlining of Offer Documents of Mutual Fund Schemes - Extension of timelines
SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2024
Notification for List of goods notified under SCRA, 1956
Export of Onions (under HS Code 07031019) to Bhutan, Bahrain and Mauritius [Notification No.67]
Export of Onions (under HS Code 07031019) to UAE [Notification No.65]
Export of food commodities through National Cooperative Exports Limited (NCEL) [Notification No.64]
Amendments in Implementation of Yellow Peas Import Monitoring System [Public Notice No.46]
Exchange Rate Notification No. 18/2024-Cus (NT) dated 07.03.2024 [Notification No.18(NT)]
Encouraging Women Participation in International Trade [Circular No.2]
Product Designation for Commercial Import of Premium Frozen Duck Meat into India [Instruction No.4]