Dear Chartered Accountants, working professionals and students in the domains of Indian auditing, accounting and the tax & regulatory space, welcome to Podcast of FCA Deepak Rao a practicing Chartered Accountant. Hot topic bulletin Deloitte's resignation of statutory auditor of Byju's and Akash Educational Deloitte, one of the biggest audit firms in the world, has tendered its resignation as the statutory auditor of Byju's, adding to a long list of troubles for India's most valued startup. Deloitte said in a statement "The financial statements of the Company for the year ended March 31, 2022 are long delayed. We have also not received any communication on the resolution of the audit report modifications in respect of the year ended March 31, 2021, and the status of audit readiness of the financial statements and the underlying books and records for the year ended March 31, 2022 and we have not been able to commence the audit as on date," Deloitte added, “As a result, there will be a significant impact on our ability to plan, design, perform and complete the audit in accordance with the applicable auditing standards. In view of the aforesaid, we are tendering our resignation as statutory auditors of the Company with immediate effect," Byju's appointed BDO or MSKA & Associates as Deloitte's replacement and as the company's statutory auditors for the year commencing from FY22 for the next five years. BDO will also be the statutory auditor of the consolidated group and will audit IPO-bound Aakash Educational Services. This Podcast is sponsored by Sound of CA: We share because we care. Vande Mataram Jai Hind

Dear Chartered Accountants, working professionals and students in the domains of Indian auditing, accounting and the tax & regulatory space, welcome to Podcast of FCA Deepak Rao a practicing Chartered Accountant. Hot topic bulletin on SEBI LODR (second amendment) regulations 2023. The SEBI on 14.06.2023 notified the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023. These amendments are in line with the consultation papers that were previously released by SEBI on time to time basis. The amendments are aimed at strengthening corporate governance at listed entities by empowering shareholders, streamlining the disclosure requirements for material events or information and strengthening compliance. The amendment shall come into force from 14th July, 2023 .The major amendment includes a) Introduction of the concept of Non-permanency of the directors on the board b) requirement of filling of vacancy of KMPs within 3 months of vacancy, c) Introduction of threshold-based parameters for identifying the materiality of events/information d) introduction of certain agreements to be disclosed. As in the case of the listed entities, additional functions and responsibilities are assigned to the Compliance Officer/CEO and CFO, therefore, a stricter timeline of 3 months in place of 6 months as specified under the companies act is introduced to ensure the smooth functioning of the company. These reforms signify SEBI’s commitment to promoting transparency, accountability, and investor confidence in India’s capital markets. This Podcast is sponsored by Sound of CA: We share because we care. Vande Mataram Jai Hind

Dear Chartered Accountants, working professionals and students in the domains of Indian auditing, accounting and the tax & regulatory space, welcome to Podcast of FCA Deepak Rao a practicing Chartered Accountant. Weekly Ahead Reminders 19 June 2023 to 25th June 2023 For taxpayers having aggregate turnover exceeding Rs 5 crores in the preceding financial year, the due date for filing the GSTR-3B return for the Month of May 2023 is 20th June 2023. For taxpayers having aggregate turnover exceeding Rs 5 crores in the preceding financial year and who have opted for Quarterly filing of return under QRMP, the due date for filing the GSTR-3B return for the Quarter of January to March is 20th June 2023. For taxpayers having aggregate turnover upto Rs 5 crores in the preceding financial year and falling under Group A states, the due date for filing the GSTR-3B return for the Month of May 2023 is 22nd June 2023. For taxpayers having aggregate turnover upto Rs 5 crores in the preceding financial year, falling under Group A states, and who have opted for Quarterly filing of return under QRMP, the due date for filing the GSTR-3B return for the Quarter of January to March is 22nd June 2023. For taxpayers having aggregate turnover upto Rs 5 crores in the preceding financial year and falling under Group B states, the due date for filing the GSTR-3B return for the Month of May 2023 is 24th June 2023. For taxpayers having aggregate turnover upto Rs 5 crores in the preceding financial year and falling under Group B states, and who have opted for Quarterly filing of return under QRMP, the due date for filing the GSTR-3B return for the Quarter of January to March is 24th June 2023. For ODIAR services providers who are required to file Monthly GST returns, the due date for filing the GSTR-5 and GSTR-5A return for the month of May 2023 is 20th June 2023. For taxpayers with Aggregate turnover up to Rs 5 crores during the previous year and who have opted for Quarterly filing of return under QRMP, due date of payment of GST is 25th June 2023. For listed companies there are several other event or task based, annual and quarterly compliances which have specific time periods allotted from the date of the event or completion of task or end of a milestone period before which one needs to submit reports with details of the event or task to the relevant regulatory authorities especially SEBI. These due dates generally fall in the range of simultaneous to 60 days depending on the event. This Podcast is sponsored by Sound of CA: We share because we care. Vande Mataram Jai Hind