Weekly Updates from CA Cult (4th Week – January 2023)

Weekly Updates from CA Cult (4th Week – January 2023)

Important Updates from last week:

Income-tax

1. Central Government specifies the pension fund- California Public Employees Retirement System.

CBIC

1. Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns.

MCA

1. Few Forms have been substituted in the Nidhi Rules.
2. The Companies (Misc) Amendments Rules, 2023.
3. Companies (Appointment and Qualification of Directors) Amendment Rules, 2023.
4. Companies (Registration of Foreign Companies) Amendment Rules, 2023.
5. Companies (Prospectus and allotment of securities) Amendment Rules, 2023.
6. Companies (Incorporation) Amendment rules 2023.
7. Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2023.
8. Companies (Share Capital and Debentures) Amendment Rules, 2023.
9. Companies (Management and Administration) Amendment rules 2023.
10. Companies (Registration Offices and Fees) Amendment Rules, 2023.

Directorate General of Foreign Trade (DGFT)

1. Implementation of Paper Import Monitoring System (PIMS) –Clarification: Policy Circular No. 45/2015-20.
2. Amendment in import policy condition of Urea [Exim Code 31021000] in the ITC (HS) 2022, Schedule – I (Import Policy)- NOTIFICATION No. 54 /2015-2020.

Reserve Bank of India (RBI)

1. RBI extends time for renewal of agreements for existing Safe Deposit Locker/Safe Custody Article Facility Provided by Banks.
2. ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds.

Securities and Exchange Board of India (SEBI)

1. SEBI underlines the need for analysis and disclosure of risks of trading in F&O.

Institute of Chartered Accountants of India (ICAI)

1. MCA 21 Version 3- LLP filing and Company Filing for 56 Forms – Issues/ Feedback (If any)- Initiative of the Corporate Laws & Corporate Governance Committee of ICAI.

Other Updates:

1. Final stage of Union Budget 2023-24 commences with Halwa Ceremony.

Videos of the Week:

1. Taxation in UAE | Dubai | Abu Dhabi | Middle East: https://www.youtube.com/shorts/CBkZLqsYYso
2. How Salary Break-up impacts the EPF contribution? | CA Cult – For Latest Updates: https://www.youtube.com/watch?v=kZeKcrnS3Cc

Subscribe to our YouTube Channel: https://www.youtube.com/channel/UCUZuSQHyKyarNzKtA5rAiFA