Weekly Newsletter - June 25, 2025
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
From the ICAI:
CA's Referencer:
International Content:
IFRS Sustainability Reference Material
Legal Updates:
News Update:
CBDT unlikely to offer tax relief for foreign data centres soon: Report
Sebi slaps Rs 25 lakh penalty on BSE for flouting regulatory norms
NFRA gets a shot in the arm with Telangana HC order
RBI extends call money market timings by 2 hours from August 1
Sebi tightens oversight on trading members' compliance post-inspection
FM Sitharaman: India not a tariff king, rates lower than approved
Sebi proposes to limit powers of stock exchange chiefs
Merry-Go-Round: How Handful Of Audit Firms Dominate India’s Corporate And Banking Audits
EPFO raises auto settlement limit for PF withdrawals by 5 times – Check new limit
India imposes anti-dumping duty on four Chinese chemicals
India Inc backs GST after 8 years, but seeks clarity, better dispute resolution: Deloitte survey
New ITR rules: Penalty up to 200% on claiming false deductions
SEBI panel drafting ODI playbook for FPIs
Deadline to opt for UPS extended from June 30, 2025, for government employees under NPS
Big Tech has AI, but Indian MSMEs need something more—Desi AI
Why IPO-ready startups seek 'confidential' route
Stamp pads to servers, big shift for realty
CBI raids in Bihar, Jharkhand in Rs 100 crore GST fraud; customs officers in the dock
Sebi slaps Rs 29 lakh fine on IAGF, trustee for AIF rules violation
Plans to make mutual fund rules more investor and industry friendly: SEBI official
CBDT taking action for non-responsive taxpayers having foreign income: Finance Ministry
CBI arrests two in Rs 183 crore fake bank guarantee scam
Sebi proposes 5-point AI rulebook for securities market. Check details
AI gains strategic ground in Indian boardrooms amid budget strains – Here’s why
BSE introduces AI tool to speed up SME IPO document checks
Ramann takes charge as PFRDA chief
Big Four, other global firms push back against draft ICAI rules
VCs love start-ups—But why are they turning away from MSMEs?
Indian money in Swiss banks jumps more than three times in 2024, hits Rs 37,600 crore, data shows
RBI issues project finance norms for banks, NBFCs
India reaches 15th spot in top FDI destinations in 2024: UNCTAD report
Tax amnesty scheme deadline will not be extended beyond June 30: Balagopal
Work pressure drives young chartered accountant to suicide in Hyderabad
As RBI probes lapses, Standard Chartered Bank sees exits from forex desk
RBI’s new rule on gold-backed loan will lead to biz model adjustment: S&P
Banks are financing their own multitrillion-dollar nightmare
€10,000 fine and ‘severe reprimand’ for auditor of collapsed med-tech company Hibergene
Audit transparency unlocked: The value of critical audit matters (CAMs) to investors
Charting the Global Economy: Key central banks hold on rates
KPMG fined £1.25m for Carr’s Group audit breaches
PCAOB sanctions firm, partner on five audits
Exposure Drafts:
Consultation Paper on Strengthening Governance of Market Infrastructure Institutions (MIIs)
[Last date for Comments: July 15, 2025]
Consultation Paper on guidelines for responsible usage of AI/ML In Indian Securities Markets
[Last date for Comments: July 11, 2025]
Modification of Unique Client Code by Market Makers (MMs) of ETFs and certain institutional and non-institutional clients including clients clearing through custodians without levy of penalty
[Last date for Comments: July 11, 2025]
Acts & Regulations:
IBBI Regulations & Guidelines:
IBBI Regulations:
IBBI Guidelines:
Master Circular for Registrars to an Issue and Share Transfer Agents
[Updated as on June 23, 2025]
Master Circular for Stock Brokers
[Updated as on June 17, 2025]
Useful Forms:
All IBBI Forms have been updated
From the ICAI:
CA's Referencer:
New formats for financials of Non Corporate entities
Excel utilities for New formats
[Published by ICAI]
International Content:
IFRS Sustainability Reference Material:
Roadmap development tool for adopting ISSB Standards
[Published in March 2025]
Legal Updates:
Advisory: Handling of Inadvertently Rejected records on IMS
Advisory to file pending returns before expiry of three years
Notification regarding designation of Special Courts
The Depositor Education and Awareness (DEA) Fund Scheme, 2014 – Revised Operational Guidelines
Review of Priority Sector Lending norms - Small Finance Banks
Reserve Bank of India (Project Finance) Directions, 2025
Corrigendum to Notification No.20/2025(ADD)
Use of ICETABs for efficient export examination and clearance [Circular No.17]