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Upstreaming of clients’ funds by Stock Brokers (SBs)

CA Cult – 12 December 2023

Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs) With a view to...

SEBI

Updates & News

Processing of e-mandates for recurring transactions

CA Cult – 12 December 2023

Processing of e-mandates for recurring transactions A reference is invited to our circular CO.DPSS.POLC.No.S-518/02.14.003/2022-23 dated June 16, 2022 in terms of which...

RBI

Miscellaneous

Draft on Financial instruments with characteristics of equity

CA Cult – 12 December 2023

Exposure Draft on Financial Instruments with Characteristics of Equity - Proposed amendments to IAS 32, IFRS 7 and IAS 1...

ICAI

Updates & News

Anti-dumping Duty (ADD) on Zeolite from Thailand and Iran

CA Cult – 11 December 2023

Anti-dumping Duty (ADD) on Zeolite from Thailand and Iran - NOTIFICATION No. 14/2023-Customs (ADD) G.S.R. 888(E).—Whereas, in the matter of...

CBIC, Custom

Updates & News

RBI Cautions against unauthorised campaigns on Loan waiver

CA Cult – 11 December 2023

RBI Cautions against unauthorised campaigns on Loan waiver The Reserve Bank of India (RBI) has noticed certain misleading advertisements enticing...

RBI

Updates & News

Digital payments in FY 2023-24 crossed 10,998 crore

CA Cult – 11 December 2023

Total digital payment transactions volume increased from 2,071 crore in FY2017-18 to 13,462 crore in FY2022-23 at a CAGR of...

PIB

Updates & News

Tax evasion by the lottery distributors

CA Cult – 11 December 2023

Tax evasion by the lottery distributors 12 cases of GST evasion of Rs. 344.57 crore detected and Rs. 621.56 crore...

CBIC, GST, PIB

Miscellaneous

Exposure Draft of Guidance Note on Audit of Banks (2024 Edition)

CA Cult – 10 December 2023

Exposure Draft of Guidance Note on Audit of Banks (2024 Edition) The Auditing and Assurance Standards Board (AASB) of ICAI...

ICAI, RBI

Weekly Highlights

Weekly Updates from CA Cult (1st Week of December 2023)

CA Cult – 10 December 2023

Weekly Updates from CA Cult (1st Week of December 2023) Important Updates from last week: Income-tax Godavari River Management Board notified under...