Daily Newsletter - May 8, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

MCA Draft

Acts & Regulations:

RBI Master Direction

IFSCA Guidelines

From the ICAI:

FAQs issued by ICAI

Legal Updates:

SEBI

Customs

News Update:

Indian News:

Your in-hand salary may not change under the new labour code yet, know why

12 key income tax form changes every taxpayer should know: From Form 16 to Form 168

Govt extends subsidy scheme for companies flagging merchant ships until FY31

Govt reopens narrow FDI door to China-linked funds: How it impacts startups

EPFO overhauls PF trust rules: Risk-based audits, 2% interest cap on exempted establishments

International News:

The AI evolution in audit: Why technology elevates rather than eliminates professional development

[UK] Code of Ethics: Are non-compliance provisions working?

Exposure Draft:

MCA Draft:

Stakeholder Consultations on Rationalisation of MCA Filing Architecture under the Companies Act, 2013
[Last date for Comments: May 15, 2026] 

Acts & Regulations:

RBI Master Direction:

Master Direction - Money Changing Activities (Updated as on May 06, 2026)

IFSCA Guidelines:

Guidelines on Cyber Security and Cyber Resilience for Market Infrastructure Institutions (MIIs) in IFSC

From the ICAI:

FAQs issued by ICAI:

FAQs on Section 8 Companies under the Companies Act, 2013

Legal Updates:

SEBI:

Discontinuation of Investor Risk Reduction Access (IRRA) platform

Customs:

Implementation of Safeguard Duty on import of “Non-Alloy and Alloy Steel Flat Products” under Notification No. 02/2025-Customs (SG) dated 30.12.2025 [Circular No.23]

Amendment in the Notification No. 63/1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Samrang [Notification No.43(NT)]