Daily Newsletter - August 8, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

RBI Draft

SEBI Drafts

IFSCA Draft

Acts & Regulations:

RBI Master Directions

Legal Updates:

SEBi

IFSCA

News Update:

Indian News:

RBI imposes ₹75 lakh penalty on ICICI Bank for compliance breaches

Govt reopens textiles PLI scheme portal to invite fresh applications

Returning to India? Tribunal ruling may hit property, gifts, fund transfer

Independent directors must be stewards of accountability: Sebi chief

Sebi permits joint inspections of stock brokers by Market Infrastructure Institutions

Co-lending norms: Tech integration could prove a hurdle

FM Sitharaman withdraws Income Tax Bill, revised draft to be tabled Aug 11

Income Tax Bill, 2025 withdrawn: Why govt pulled back original proposal & what are Parl panel's suggestions

No more higher tax on vacant property as recommended in New Income Tax Bill 2025 due to suggestions by select committee

AU Small Finance Bank gets RBI approval to become a universal bank

Banks must release funds without legal docs for survivor accounts: RBI

SEBI Chairman says reports on curbing weekly expiry are 'speculative'

GST fraud: ED raids in Jharkhand, West Bengal and Maharashtra

RBI mandates 10% loan retention for banks, NBFCs under co-lending deals

‘Extremely unfortunate’: India reacts strongly to Donald Trump’s 25% additional tariff for buying Russian oil

International News:

AI evolution prompts sense of urgency among CFOs: Oracle

Exposure Drafts:

IBBI Draft:

Discussion Paper – Measures to enhance integrity of the Corporate Insolvency Resolution Process (CIRP)
[Last date for Comments: August 27, 2025] 

RBI Draft:

Draft Circular on ‘RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025’
[Last date for Comments: August 27, 2025] 

SEBI Drafts:

Proposals for Ease of Doing Business for Investment Advisers and Research Analysts
[Last date for Comments: August 28, 2025]
 

Consultation Paper on Review of Regulatory Framework for Registrars to an Issue and Share Transfer Agents
[Last date for Comments: August 28, 2025]
 

IFSCA Draft:

Consultation Paper for Framework on Stewardship Code in IFSC
[Last date for Comments: August 27, 2025] 

Acts & Regulations:

RBI Master Directions:

Reserve Bank of India (Non-Fund Based Credit Facilities) Directions, 2025 (Issued on August 6, 2025)

Reserve Bank of India (Co-Lending Arrangements) Directions, 2025 (Issued on August 6, 2025)

Legal Updates:

SEBI:

Transaction charges paid to Mutual Fund Distributors

Review of Framework for conversion of Private Listed InvIT into Public InvIT

Ease of doing business (EODB) - Policy for joint annual inspection by MIIs – information sharing mechanism– action by Lead MII

IFSCA:

Onboarding of certain categories of the Regulated Entities to the Central Registry of CERSAI for registration and satisfaction of assignment of receivables transactions