Daily Newsletter - March 18, 2026
Latest additions to CAalley:
Exposure Drafts:
From the ICAI:
Legal Updates:
News Update:
Advance tax collections for FY26 up 6.42% to ₹11.13 trn, shows I-T data
MCA aligns accounting standards with OECD's Pillar Two Model Rules
Parliamentary Committee urges expedited WPI base revision to 2022-23
9-judge SC panel discuss what counts as 'industry'
HCs tighten scrutiny of GST enforcement actions amid due process concerns
NFRA flags ‘deficiencies’ in audit work of top firms
Think your father's property is yours by right? Not always: Court ruling
CCI plans to check abuse in AI space
Home loan default case: Why acting within 45 days can stop a bank auction
India eases FDI rules for firms with up to 10% Chinese shareholding
Top 10 wilful defaulters owe Rs 40,635 crore to banks, ABG Shipyard leads
Banks write off loans worth Rs 9.75 lakh cr in last 11 years
SEBI chief flags decline in registered investment advisers, warns of rising finfluencer influence
Cash-free Sweden backpedals on banknotes
Would you take a probabilistic audit opinion?
[US] Institutional investors trust audits, but want independence
Exposure Drafts:
Consultation Paper on Modified norms for Nomination in Demat accounts and Mutual Fund Folios.
[Last date for Comments: April 7, 2026]
Consultation Paper on proposed regulatory framework for Trust and Company Service Providers (TCSP) and Special Purpose Vehicles (SPVs) for Leasing Activities in IFSC
[Last date for Comments: April 6, 2026]
From the ICAI:
Guidance Note on Audit of Banks (2026 Edition)
Legal Updates:
Corrigendum to Notification No.19 [Notification No.20]
Securities Contracts (Regulation) Amendment Rules, 2026
