Weekly updates from CA Cult (Aug 2022- Fourth Week)
Weekly Updates from CA Cult (August 2022- Fourth Week)
Important Updates from last week:
- Amendment in Rule 17CB of the Income tax Rules, 1962.
- Desingation of all the Chief Judicial Magistrate Courts of the State of Chhattisgarh as Special Courts for the purposes of section 280A of the Income tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
- Notification under section 10(46) of the Income tax Act, 1961.
- Simplification for procedure for compounding of offenses.
- Update on the MCA21 Version -3.
- Amendment in Form No. STK-1, STK-5, and STK-5A.
- Regarding non- availability of LLP Version 3 of the MCA- 21 Portal and Company e-Filings on V2 portal for 9 forms from 27th Aug (12:00AM) to 28th Aug (11:59PM).
Directorate General of Foreign Trade (DGFT)
- Enlistment of an Agency under Appendix 2E of FTP, 2015-2020 – authorized to issue Certificate of Origin (Non-preferential) – PUBLIC NOTICE No. 22/2015-2020.
- Amendment in Import Policy of Artemia Cyst under ITC (HS) Code 0511 91 40 of Chapter 05 of ITC (HS), 2022, Schedule-I (Import Policy)- NOTIFICATION No. 28/2015-2020.
- Amendment in Export Policy of items under HS Code 1101- NOTIFICATION No. 29/2015-2020.
- Amendment in Export Policy of items under HS Code 1101- NOTIFICATION No. 30/2015-2020.
- Government of India notifies overseas investment rules.
- Revision of circular on Rationalization of Branch Authorization Policy.
- Reserve Bank of India (RBI) lifts the business restrictions imposed on American Express Banking Corp.
Securities and Exchange Board of India (SEBI)
- Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2022.
- Disclosure requirement for Asset Management Companies(AMCs).
- Enhanced Disclosures by CRAs and Norms on Rating Withdrawal.
- Circular for the Portfolio Managers.
- Corrigendum to Master Circular for Depositories dated February 05, 2021 on Opening of demat account in case of HUF.
Insurance Regulatory and Development Authority of India (IRDAI)
- Expert Committee on Implementation of Ind AS/ IFRS in Insurance sector.
- IRDAl has launched a Single Window NOC Portal.
Institute of Chartered Accountants of India (CA Fraternity)
- EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS NOVEMBER 2022.
- ICAI signs MoU with School Education Department, Mizoram, Government of Mizoram for promoting Commerce Education.
- Sessions starting from Sep 5th for students of Intermediate and Final levels appearing in Nov, 2022 exams.
- Appointment of Authorized Representatives at Polling Booths.
OTHER UPDATE:
- Auction for Sale (re-issue) of (i) ‘7.38% GS 2027’, (ii) ‘GOI FRB 2028’, (iii) ‘7.54% GS 2036’ (iv) ‘6.99% GS 2051’
- Designation of the Sessions Court.
- Supreme Court Judges (Amendment) Rules, 2022.
Video of the Week:
- Introduction of Rule 25B by MCA regarding Physical Verification: https://www.youtube.com/watch?v=LgRW8iUmkmA
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