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The alley for Indian Chartered Accountants

Daily Newsletter - February 28, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IFSCA Drafts

CA's Referencer:

RBI Handbook

Legal Updates:

SEBI

IFSCA

Customs

 


  

News Update:

Indian News:

Insurance industry can use derivatives to hedge equity exposures: Irdai

RBI imposes penalty on HSBC, IIFL Samasta Finance for violating norms

Going abroad? How to handle your EPF when you move to another country

SC puts safeguards in GST, Customs arrests

NFRA's next inspection to target audit firms with large client base

Sebi launches centralised database portal Bond Central for corporate bonds

EPFO keeps interest rate at 8.25% for FY25, benefiting 300 million members

Income Tax notice demands details of haircut, perfumes, monthly ration cost

After private sector experiment, finance secretary Tuhin Kanta Pandey named Sebi chief

Lok Sabha panel to record evidence of ICAI, EY representatives on Income Tax Bill

Audit quality has improved in past few years, says NFRA chief

India's small town investors flock to Dubai property: Why it's worrying ED

Can you claim full tax benefits if your co-borrower loses their job?

Govt considers tariff cuts on cars, chemicals as Trump duties loom

New India Co-op Bank vault had 12 times its capacity on paper: Report

Sebi slaps Rs 5.05 cr fine on Indian clearing corporation for regulatory lapses

  

International News:

PCAOB ramps up enforcement as it faces possible shutdown

FRC issues updated guidance to support going concern reporting

KPMG sees role for AI in sustainability


Exposure Drafts:

IFSCA Drafts:

Regulatory Approach towards Tokenization of Real-World Assets
[Last date for Comments: March 20, 2025] 

Consultation Paper on proposed Circular on Securitization requirements by overseas insurers or re-insurers
[Last date for Comments: March 19, 2025] 


CA's Referencer:

RBI Handbook:

Handbook on Regulations at a Glance


Legal Updates:

SEBI:

Regulatory framework for Specialized Investment Funds (‘SIF’)

Timelines for deployment of funds collected by Asset Management Companies (AMCs) in New Fund Offer (NFO) as per asset allocation of the scheme

Launch of ‘Bond Central’ - A Centralised Database Portal for Corporate Bonds [Press Release]

  

IFSCA:

Framework of Aircraft Lease updated as on February 26, 2025

Amendment to the ‘Framework for Aircraft Lease’ with regard to transactions with person (s) resident in India

Interest on late payment of fee by entities undertaking permissible activities in IFSC

Registration on FIU-IND FINGate 2.0 portal for compliance with International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022

  

Customs:

Corrigendum to Customs Notification No.4/2025

Corrigendum to Notification No.26/2024-Customs(ADD)


  

  

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