Site icon CA Cult

Weekly Updates from CA Cult (May 2022- First Week)

CA Cult
weekly

Weekly Updates from CA Cult (May 2022- First Week)

Important Updates from last week:

Income-tax

  1. Income-tax (Twelfth Amendment) Rules, 2022.
  2. New Rule 2DCA inserted under the Income-tax Rules.
  3. E-filing of Tax Audit Report Form 3CA-3CD and 3CB-3CD for AY 2022-23 is enabled.

GST

  1. GST Revenue collection for the month of April 2022 highest ever at Rs 1.68 lakh crore.
  2. Computation of the Annual Aggregate Turnover (AATO) for FY 2021-22.
  3. Webinar on the ‘Enhancements in GSTR-1/IFF’.

Corporate Law (MCA)

  1. Companies (Share Capital and Debentures) Amendment Rules, 2022.
  2. Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022.
  3. Special court notification for the State of Jharkhand.
  4. Clarification on the passing of Ordinary and Special resolutions.
  5. Clarification of holding of AGM through Video Conference.
  6. 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.
  7. 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)

  1. Amendment in Para 2.107 (TRQ under FTA/CECA) of Handbook of Procedure 2015-2020- Public Notice No. 06/2015-20.
  2. Extension of relaxation of the Provisions under Notification 20/2015-20 dated 24.08.2021- Notification No. 02 /2015-2020.
  3. 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.

Reserve Bank of India (RBI)

  1. Review of the Minimum Investment Grade Credit Ratings for Deposits of NBFCs.
  2. Standing Liquidity Facility for the Primary Dealers.
  3. ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO.
  4. Liquidity Adjustment Facility- Change in rates.
  5. Notification on Cash to be maintained by banks.
  6. Notification under Section 45-NC of the RBI Act, 1934.
  7. RBI Employees’ Gratuity and Superannuation Fund (Amendment) Regulations, 2021.
  8. Resolution of Stressed Assets and IBC.

Securities and Exchange Board of India (SEBI)

  1. System and Network Audit of Market Infrastructure Institutions (MIIs).

Institute of Chartered Accountants of India (CA Fraternity)

  1. Effective Date of the applicability of Standard on Assurance Engagements (SAE) 3410 “Assurance Engagements on Greenhouse Gas Statements”.
  2. Registration for the Online Business English Language Course from 16th May, 2022- Last Date to apply 6th May, 2022.
  3. Rescheduling of 10th Batch of Online Certificate Course on Business Responsibility and Sustainability Reporting (BRSR) – SRSB, ICAI.
  4. Update on the Admit cards of Foundation exams June 2022.
  5. Brochure of 2nd Round Campus Placement Program May 2022.
  6. Last Date Extended upto 8th May, 2022 – Registration for Online Business English Language Course from 16th May, 2022.
  7. 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.
  8. Organizations participating in the Second Round of Campus.

OTHER UPDATES:

  1. IREDA registers Historic Annual Performance in FY 2021-22.
  2. Multiple Ways to establish Veracity of Aadhaar : UIDAI.
  3. De-oiled Rice Bran added to the First Schedule to the APEDA Act.
  4. Extending the validity of the Udyog Aadhaar Memorandum.
  5. Medical benefit extended to the families of insured.

Videos of the Week:

  1. Comprehensive Economic Partnership Agreement between India and the UAE: https://www.youtube.com/shorts/2ZFhD0qPcig
  2. 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

Exit mobile version