Weekly Updates from CA Cult (2nd Week-October 2022)
Weekly Updates from CA Cult (2nd Week-October 2022)
Important Updates from last week:
- Notification under section 120 of Income tax Act.
- Norges Bank notified under section 10(23FE) of the Income tax Act.
- Due to scheduled maintenance activities, services relating to Central Excise/Service Tax will not be available.
- Insolvency and Bankruptcy Board of India (IBBI) (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022.
Directorate General of Foreign Trade (DGFT)
- Extension of Validity regarding Export of Raw Sugar to USA under Tariff Rate Quota (TRQ) for the Fiscal Year 2022 from 30.09.2022 to 31.12.2022- Public Notice No. 29/2015-20.
- Amendment in Standard Input Output Norms (SION) of ‘Chemical & Allied Product’ (Product Code ‘A’): Suspension of SIONs A254, A257, A282, A1939, A1973, A2061, A2331, A2539, A2818, A3056 and A3486- PUBLIC NOTICE No. 30 /2015-20.
- Export Quota of only broken rice (HS Code 10064000) for the year 2022-23- Notification No. 38/2015-20.
- Inclusion of Paragraph 2.79C (D) in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20 to notify the procedure for General Authorisation for Export after Repair in India (GAER)- Public Notice No. 31/2015-20.
- Amendment in Export Policy of items under HS Code 1101- NOTIFICATION No. 39 /2015-2020.
- Diversification of activities by SPDs – Review of permissible non-core activities – Prudential regulations and other instructions.
- Review of Prudential Norms – Risk Weights for Exposures to Corporates and NBFCs.
- Diversification of activities by SPDs – Review of permissible non-core activities.
- Multiple NBFCs in a Group: Classification in Middle Layer.
- Reserve Bank of India (RBI) (Financial Statements – Presentation and Disclosures) Directions, 2021 – Disclosure of Divergence in Asset Classification and Provisioning.
- Review of Regulatory Framework for Asset Reconstruction Companies (ARCs).
- Reserve Bank of India (RBI) (Unhedged Foreign Currency Exposure) Directions, 2022.
- Standard Operating Procedure for Inter-operable Regulatory Sandbox.
- Cancellation of the CoR of Brickwork Ratings India Private Limited by SEBI.
- Survey on International Trade in Banking Services, 2021-22.
- The Reserve Bank of India (RBI) cancels Certificate of Registration of four NBFCs.
- Claims Received from the National Credit Guarantee Trustee Company Ltd (NCGTC) – Classification for the Purpose of Maintenance of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio (SLR).
Securities and Exchange Board of India (SEBI)
- Review of provisions pertaining to Electronic Book Provider platform (Revision in Chapter VI of the Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper).
- Governing Council for Social Stock Exchange (“SSE”).
- Suspension, Cancellation or Surrender of Certificate of Registration of a Credit Rating Agency.
Institute of Chartered Accountants of India (CA Fraternity)
- Updation of UDINs at income tax e-filing Portal.
- Invitation for ICAI International Research Awards 2022 scheduled on October 20, 2022 at Kanpur (U.P.).
- Third edition of the IFRS for SMEs Accounting Standard.
- Live Coaching Classes (LCC Batch-5) commencing from 14th October 2022 for the Students of Final Course appearing in May 2023 exam.
- Notification for Online Eligibility Test (ET) for Post Qualification Course on Information Systems Audit on Saturday the 12th November 2022 (10:00 AM to 12:30 PM) Organized by Digital Accounting & Assurance Board of ICAI.
- LIST OF ORGANIZATIONS PARTICIPATING IN First Placement Programme for Women Chartered Accountants OCT-Nov 2022 (As on 15-10-2022).
OTHER UPDATES:
- Updated Harmonized Master List of Infrastructure Sub-sector.
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