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Daily Newsletter - September 27, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

ICAI Drafts

SEBI Drafts

Acts & Regulations:

Miscellaneous Acts

Reference Section:

Articles

CA's Referencer

Legal Updates:

GST

SEBI

Customs

 


  

News Update:

Indian News:

GST Council forms GoM on compensation cess; report expected by Dec 31

Sudden impact: Big 4 audit firms set new terms of engagement after EY worker's death

NSE defers T+0 rolling settlement cycle until further notice

Debt securities listing time cut to T+3

Sebi likely to introduce MF-Lite regulations for passive funds: Madhabi Puri Buch

IBBI amends rules to enhance creditor representation in insolvency process

India climbs to 39th rank in the Global Innovation Index 2024

Sebi amends rules, introduces fixed price process for voluntary delisting

GSTN clarifies on validity of notices, orders without digital signature of taxmen

GoM on GST on health, life insurance premium to meet on October 19

Sebi set to tighten F&O rules to rein in speculative trading

CAG plans to develop its own AI for fast writing of audit reports

I-T dept accuses Hinduja Global Solutions of Rs 2,500 crore tax evasion

All GST apex tribunals by November-end

 

International News:

Thomson Reuters Teams Up with Validis and Unveils Suite of AI-Powered Solutions For Auditors

PCAOB Doles Out $165,000 in Total Fines to Five Audit Firms

FASB proposes hedge accounting standards update


Exposure Drafts:

ICAI Drafts:

Exposure Draft of Amendments to the Classification and Measurement of Financial Instruments: Amendments to Ind AS 109 and Ind AS 107
[Last date for Comments: October 23, 2024] 
  

Exposure Draft of Annual Improvements to Ind AS (2024) - Corresponding to Annual Improvements to IFRS Standards Volume 11 issued by the IASB
[Last date for Comments: October 23, 2024] 
  

 

SEBI Drafts:

Consultation paper on draft circular for “Disclosure of expenses, half yearly returns, yield and risk-o-meter of schemes of Mutual Funds
[Last date for Comments: October 18, 2024] 

Consultation paper on the proposal to exempt certain transactions from trading window restrictions
[Last date for Comments: October 17, 2024] 


Acts & Regulations:

Miscellaneous Acts:

The Digital Personal Data Protection Act, 2023

The India International Arbitration Centre (Composition and functions of the Committees) Rules, 2023


Reference Section:

Articles:

One Person Company under the Companies Act, 2013
[Submitted by Kanakkupillai, Chennai]

 

CA's Referencer:

Indian Revenue Service
Civil List 2024

[Published by Income Tax Department]


Legal Updates:

GST:

Advisory on issuance of Notices/Orders without digital signatures of the issuing authorities

 

SEBI:

Operational Guidelines for Foreign Venture Capital Investors (FVCIs) and Designated Depository Participants (DDPs)

Reduction in the timeline for listing of debt securities and Non-convertible Redeemable Preference Shares to T+3 working days from existing T + 6 working days (as an option to issuers for a period of one year and on a permanent basis thereafter such that all listings occur on a T+3 basis)

SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2024

 

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.63(NT)]

Order under sub-rule (2) of rule 10 and rule 5 of the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 for Linear Alkyl Benzene (LAB) [CAVR Order No. 01/2024]


  

  

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