Daily Newsletter - September 22, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IFSCA Draft

PFRDA Draft

From the ICAI:

ICAI FAQs

Legal Updates:

Income Tax

MCA

RBI

News Update:

Indian News:

Sebi proposes revamp of glitch rules, exemptions for small brokers

SAT directs Sebi to share more documents in Axis front-running case

EPFO directs zonal, regional offices to allow part payments on PF claims

India eyes its own Big Four! PMO to review regulatory changes on September 23; domestic audit firms aim to scale globally

Unfair to charge Rs 29 lakh penalty for advance tax filing delay due to system glitches, CA writes to Finance Minister

Telecom major Vodafone Idea slapped with tax penalty of ₹6.47 crore

Sebi eases process of transferring securities from nominee to legal heir

International News:

Sherbank Manual for Doing Business in Russia

Exposure Drafts:

IFSCA Draft:

Consultation Paper on Draft IFSCA FinTech Sandbox Framework
[Last date for Comments: October 10, 2025]
    

PFRDA Draft:

Exposure Draft - Amendments to Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015
[Last date for Comments: October 17, 2025]
 

From the ICAI:

ICAI FAQs:

FAQs on Management Representation Letter
[Published in August 2025]

Legal Updates:

Income Tax:

​Order under section 119 of tbe Income-tax Act, 1961 for waiver of interest payable under section 220(2) due to late payment of demand, in certain cases [Circular No.13]

MCA:

Clarification on holding of AGM and EGM through Video Conference or Other Audio Visual Means of and passing Ordinary and Special resolutions by the companies under the Companies Act, 2013 read with rules made thereunder [Circular No.3]

RBI:

Participation of Standalone Primary Dealers in Non-deliverable Rupee Derivative Markets