Weekly Updates from CA Cult (May 2022- First Week)
Weekly Updates from CA Cult (May 2022- First Week)
Important Updates from last week:
- Income-tax (Twelfth Amendment) Rules, 2022.
- New Rule 2DCA inserted under the Income-tax Rules.
- E-filing of Tax Audit Report Form 3CA-3CD and 3CB-3CD for AY 2022-23 is enabled.
- GST Revenue collection for the month of April 2022 highest ever at Rs 1.68 lakh crore.
- Computation of the Annual Aggregate Turnover (AATO) for FY 2021-22.
- Webinar on the ‘Enhancements in GSTR-1/IFF’.
- Companies (Share Capital and Debentures) Amendment Rules, 2022.
- Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022.
- Special court notification for the State of Jharkhand.
- Clarification on the passing of Ordinary and Special resolutions.
- Clarification of holding of AGM through Video Conference.
- Withdrawal of IBBI Circular dated 26th August, 2019 regarding applicability of the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019 notified on 25th July, 2019.
- The Insolvency and Bankruptcy Board of India (IBBI) invites comments from the public on the Regulations notified under the Insolvency and Bankruptcy Code, 2016.
Directorate General of Foreign Trade (DGFT)
- Amendment in Para 2.107 (TRQ under FTA/CECA) of Handbook of Procedure 2015-2020- Public Notice No. 06/2015-20.
- Extension of relaxation of the Provisions under Notification 20/2015-20 dated 24.08.2021- Notification No. 02 /2015-2020.
- Allocation of the additional quantity of 2051 MT for export of raw sugar to the USA under Tariff Rate Quota (TRQ) for the US Fiscal Year 2022- PUBLIC NOTICE No. 07/2015-2020.
- Review of the Minimum Investment Grade Credit Ratings for Deposits of NBFCs.
- Standing Liquidity Facility for the Primary Dealers.
- ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO.
- Liquidity Adjustment Facility- Change in rates.
- Notification on Cash to be maintained by banks.
- Notification under Section 45-NC of the RBI Act, 1934.
- RBI Employees’ Gratuity and Superannuation Fund (Amendment) Regulations, 2021.
- Resolution of Stressed Assets and IBC.
Securities and Exchange Board of India (SEBI)
- System and Network Audit of Market Infrastructure Institutions (MIIs).
Institute of Chartered Accountants of India (CA Fraternity)
- Effective Date of the applicability of Standard on Assurance Engagements (SAE) 3410 “Assurance Engagements on Greenhouse Gas Statements”.
- Registration for the Online Business English Language Course from 16th May, 2022- Last Date to apply 6th May, 2022.
- Rescheduling of 10th Batch of Online Certificate Course on Business Responsibility and Sustainability Reporting (BRSR) – SRSB, ICAI.
- Update on the Admit cards of Foundation exams June 2022.
- Brochure of 2nd Round Campus Placement Program May 2022.
- Last Date Extended upto 8th May, 2022 – Registration for Online Business English Language Course from 16th May, 2022.
- Students Skill Enrichment Board, Board of Studies- Operations, ICAI organising Live webinar on Practical Training Modules for CA students-Module 1:GST Registration on 8th May 2022 from 10.30 AM to 1:00 PM.
- Organizations participating in the Second Round of Campus.
OTHER UPDATES:
- IREDA registers Historic Annual Performance in FY 2021-22.
- Multiple Ways to establish Veracity of Aadhaar : UIDAI.
- De-oiled Rice Bran added to the First Schedule to the APEDA Act.
- Extending the validity of the Udyog Aadhaar Memorandum.
- Medical benefit extended to the families of insured.
Videos of the Week:
- Comprehensive Economic Partnership Agreement between India and the UAE: https://www.youtube.com/shorts/2ZFhD0qPcig
- Scheduled maintenance of the income-tax e-filing portal: https://www.youtube.com/shorts/xSIyloORLE0
Check out our YouTube Channel: https://www.youtube.com/channel/UCUZuSQHyKyarNzKtA5rAiFA
