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Weekly Newsletter - December 17, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

ICAI Draft

Acts & Regulations:

RBI Master Directions

SEBI Regulations

FAQs:

IFSCA FAQs

CA's Referencer:

NFRA

Legal Updates:

Income Tax

SEBI

IFSCA

DGFT

Customs

 


  

News Update:

Indian News:

Bring clear statutory timelines for NCLAT: Select committee on IBC Bill

Got income tax refund email? Govt warns it could be a scam, tells taxpayers what to do immediately

Urgent cybersecurity alert: Hackers impersonate Indian Income Tax department using sophisticated malware

Your credit report goes weekly: What RBI’s new rules mean for EMIs, cards and loans

Government plans credit guarantee scheme to ease MFI stress

Lok Sabha clears Insurance Amendment Bill to allow 100% FDI in insurance sector

NPS changes: 10 new rules you must know about NPS accumulation, growth and withdrawal

RBI gives nod to HDFC Bank's arms to acquire up to 9.5% in IndusInd Bank

New insurance bill 2025: 100% FDI, protection for policyholders & more

Income Tax Dept is sending intimations about cash deposit, property purchase, AIS ITR mismatch

EPF ATM, UPI withdrawal rules: Employees can soon withdraw 75% PF through ATM, says Minister

NPS investment update: Scheme A merging with C and E — what Tier I subscribers should know

'I quit without an offer': Indian employee lists 5 ways to exit a toxic job

Foreign firms can't claim full head office expense deduction in India: SC

Dubai-based taxpayer gets I-T notice for unexplained investment in Rs 2 crore Mumbai property; gets relief from ITAT Mumbai

Sebi launches Rs 18 crore recovery proceedings against ‘Baap of Charts’ finfluencer, others

Extend GST annual return deadline: BCAS demands

ICAI bats for division of audit onus; signals truce with NFRA after a year

9 ways SEBI’s reclassification of REITs as equity will impact your portfolio & what happens next

300 products hold huge potential for Indian exporters in Russia: Official

Work-life balance push: Right to Disconnect Bill sparks corporate debate; firms say boundaries help but flexibility key

Banks advised to link MSME loans to external benchmark by RBI: Govt

Indian HNIs with overseas properties weigh compliance under new OECD auto-exchange rules

CBDT acts against intermediaries filing tax returns with bogus deduction claims

I-T department sends SMS, emails warning of bogus political donation claims

Nepal likely to soon allow Indian notes above ₹100, easing travel, tourism

50% tariff shock: India in touch with Mexico over ‘unilateral’ move

Ranking system has improved redressal, says finance ministry

CCEA clears 100% FDI in insurance

India, France seal treaty revamp giving Paris dividend relief, Delhi tax rights

Mkt regulator Sebi clears Pranav Adani, others of insider trading charges

IndiGo faces Rs 59 cr penalty in relation to GST

IndiGo moves Delhi HC over Rs 900 crore customs duty refund on re-import of aircraft parts: Report

ICAI clears amendment to Code of Ethics, allowing advertising by CA firms

Easier audit norms for smaller units soon

Banks bring back in-person verification as digital fraud risks escalate

Your NPS can now invest in gold, silver, REITs, IPOs: Here's why it matters

ICAI Council approves revisions in auditing standard SA 600

UDINs help prevent potential frauds of Rs 80,000 crore: ICAI

Sebi defers timeline to implement third phase of nomination framework for securities mkt

40% tax deduction applies only to income from long-term finance: SC

RBI revises cash credit and overdraft norms to boost monitoring, discipline

Homebuyer sold redevelopment rights, claimed tax exemption, wins case in ITAT Mumbai

FinMin streamlines recruitment, result timelines for public sector banks

GSTAT state benches may miss December rollout as staffing, infra lag

Over Rs 1 trn in unclaimed deposits: How to find, get back your money

Mexico to impose tariff hike of up to 50% on India, Asian nations from 2026

PFRDA widens pension fund investment rules to boost returns and diversity

  

International News:

PCAOB penalizes firm for failing to disclose who worked on audits

IASB proposes new accounting model to improve risk management

Charting the global economy: Fractured Fed lowers US interest rates

AI Isn’t a Threat to Auditors — It’s the Key to Elevating the Profession


Exposure Draft:

ICAI Draft:

Exposure Draft of Ind AS 119, Subsidiaries without Public Accountability: Disclosures
[Last date for Comments: March 5, 2026] 


Acts & Regulations:

RBI Master Directions:

RBI has made several additions and deletions to its Master Directions since November 28, 2025.
We have compiled the updated list as on December 12, 2025

  

SEBI Regulations:

SEBI (Infrastructure Investment Trusts) Regulations, 2014
[Updated upto December 11, 2025]

SEBI (Real Estate Investment Trusts) Regulations, 2014
[Updated upto December 11, 2025]

SEBI (Foreign Venture Capital Investors) Regulations, 2000
[Updated upto December 3, 2025]

SEBI (Foreign Portfolio Investors) Regulations, 2019
[Updated upto December 3, 2025]


FAQs:

IFSCA FAQs:

FAQs under the IFSCA (TechFin and Ancillary Services) Regulations, 2025


CA's Referencer:

NFRA:

Maintenance, archival and submission of Audit File to NFRA
[NFRA Circular]


Legal Updates:

Income Tax:

Jurisdiction of Income Tax Appellate Authority assigned [Notification No.170]

 

SEBI:

Mandating periodic disclosure requirements - Securitised Debt Instruments (SDIs)

SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2025

Provisions relating to Strengthening Governance of Market Infrastructure Institutions (MIIs)

Deferment of timeline for implementation of Phase III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025 and July 30, 2025

SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2025

SEBI (Infrastructure Investment Trusts) (Fourth Amendment) Regulations, 2025

SEBI (Substitution of Registered Post with Speed Post) (Amendment) Regulations, 2025

SEBI (Intermediaries​) (Third Amendment) Regulations, 2025

SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2025

SEBI (Merchant Bankers) (Amendment) Regulations, 2025

SEBI (Share Based Employee Benefits and Sweat Equity) (Second Amendment) Regulations, 2025

 

IFSCA:

Implementation of provisions of the Banking Laws (Amendment) Act, 2025

 

DGFT:

Procedure for implementation of Import Management System for import of restricted IT Hardware (viz. Laptops, Tablets, All-in-one Personal Computers, Ultra small form factor computers and Servers under HSN 8471) for the calendar year 2026 [Circular No.8]

Procedure for Allocation of TRQ under tariff head 7108 (Gold TRQ) under India-UAE CEPA for FY 2025-26 [Public Notice No.39]

Revised SIONs for the Chemical and Allied Products [Public Notice No.38]

Amendments in Standard Input Output Norms (SION) A-290 [Public Notice No.37]

 

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.77(NT)]

Seeks to amend notification No. 14/2021-Customs (ADD), dated the 18th March, 2021 to extend the levy of anti dumping duty on 'Faced Glass Wool in Rolls' originating in or exported from People's Republic of China, up to and inclusive of 17th June, 2026 [Notification No.34(ADD)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.76(NT)]


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