Daily Newsletter - September 24, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

IRDAI Draft

Acts & Regulations:

RBI Directions

Legal Updates:

Income Tax

IBBI

RBI

IFSCA

IRDAI

Customs

News Update:

Indian News:

Property purchase from NRIs gets easier as govt amends Form 141

NSE duties unchanged after listing, exchange role will prevail: Chairman

Irdai proposes tighter expense limits, new commission caps for insurers

ICAI seeks to keep NFRA under MCA as Centre reworks Corporate Laws Bill

From courtrooms to capital: Investors are turning lawsuits into asset class

PSBs to remain open on Sunday ahead of three-day nationwide bank strike

JPMorgan to double GIFT City business as $1 billion book expands

Uttar Pradesh Global Capability Centres Policy, 2024: Key features, incentives, and eligibility

Why Hyderabad is seeing a fresh wave of global capability centres

Can India build its own Big Four? The battle moves to the rulebook

FM Nirmala Sitharaman for dialogue over litigation in business disputes

SEBI says Adani firms paid 15 million rupees to settle disclosure violations

ICAI seeks three practising CAs on NFRA governing body, proposes curbs on regulatory powers in Bill suggestions

Employee denied foreign tax credit w/o Form 67

Irdai eases dividend repatriation rules for foreign-owned intermediaries

NRIs can transfer money from NRO to NRE account, but what is the annual limit? Check details here

RBI amends valuation rules for InvIT, REIT units held by all-India financial institutions

RBI says MTM value on OTC derivative novation must be exchanged upfront

RBI tightens trading book rule, allows exclusion of structural FX positions

One year of GST 2.0: Net GST revenue shows signs of recovery

International News:

AICPA weighs PE and tech impact on audit independence

[Hong Kong] Liquidators can target PwC globally over property giant’s collapse

[Australia] ‘A leap in logic’: tax agent found guilty of ‘dishonesty’ has case overturned on legal error

Exposure Draft:

IRDAI Draft:

Consultation Paper on Distribution Reforms
[Last date for Comments: October 25, 2026] 

Acts & Regulations:

RBI Directions:

New RBI Directions:

Reserve Bank of India (Commercial Banks - Minimum Capital Requirements for Market Risk) Directions, 2026

Updated as on September 23, 2026:

Master Direction – Reporting under Foreign Exchange Management Act, 1999

Updated as on September 22, 2026:

Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026

Master Direction – Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025

Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025

Master Direction - Risk Management and Inter-Bank Dealings

Reserve Bank of India (Commercial Banks – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025

Reserve Bank of India (Small Finance Banks – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025

Reserve Bank of India (Payments Banks – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025

Reserve Bank of India (Local Area Banks – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025

Reserve Bank of India (All India Financial Institutions – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025

Legal Updates:

Income Tax:

Income-tax (Fifth Amendment) Rules, 2026: New TDS Compliance Framework for Immovable Property Purchased by Resident Individuals/HUFs from Non-Residents [Notification No.121]

IBBI:

IBBI (Liquidation Process) (Fifth Amendment) Regulations, 2026

RBI:

Novation of OTC Derivative Contracts

IFSCA:

Updated Consolidated Circular - Import of Gold or Silver through IIBX

Amendment to IFSCA Consolidated Circular - Import of Gold or Silver through IIBX

IRDAI:

Notification on Delegation of Powers

Circular - Repeal of the ‘Guidelines on repatriation of dividends by insurance intermediaries having majority by foreign investors

Customs:

Seeks to modify Basic Customs Duty (BCD) on crude and refined edible oils [Notification No.31]

Seeks to amend notification No. 77/2021-Customs (ADD), dated the 27th December, 2021 to extend the levy of anti-dumping duty on imports of 'Decor Paper' originating in or exported from People's Republic of China, up to and inclusive of 26th March, 2027 [Notification No.23(ADD)]