Weekly Newsletter - June 17, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Draft

PCAOB Draft

Acts & Regulations:

IBBI Regulations

RBI Master Directions

From the ICAI:

ICAI Publication

Tech Zone – Simplifying Technology for CAs:

Tech Zone Article

Legal Updates:

GST

IBBI

SEBI

IFSCA

Customs

Central Excise

News Update:

Indian News:

Tamil Nadu’s own-tax effort has ‘collapsed’, says White Paper

India's exports hit record $863 billion despite trade shocks, says official

Sebi warns investors against trading unlisted stocks on unauthorised sites

Mukesh Ambani’s Jio may file for $4 billion IPO before Friday AGM: Report

Rs 47-Crore Multi-State Fake GST Racket Busted In Assam

RBI's new misselling rules explained: What changes for bank customers

New labour code: 3 employee-friendly changes that could make working life easier

ED raids 17 sites in 2 states in Yes Bank loan fraud case

Sebi imposes ₹6.04 crore penalty on NSE over April 2024 technical glitch

Sebi allows AIFs to retain liquidation proceeds beyond fund life

India's trade surplus shifts towards Asia and Africa in early FY27

GIFT City opens int'l investing route for Zerodha, Angel One, Upstox

India's digital fraud rate nearly double the global average: TransUnion

RBI issues stricter norms to curb mis-selling by lenders

Sebi revamps ETF trading rules, introduces dynamic price bands from September

RBI allows overseas individuals to open repatriable rupee accounts

India introduces PPI for goods and services, begins shift from WPI

EPFO cannot recover PF money from retirees over employer lapses: HC

Labour ministry eyes universal, flexible pension scheme under EPFO

How Sebi's exit review may reshape delisting playbook for companies

GST on deposit in online gaming; know its impact

Fraudsters creating deepfakes to bypass facial authentication: I4C

India's bond index journey: How India secured entry into global benchmarks

Govt offers retrospective tax relief for nuclear power equipment imports

Sebi gives more time for merchant bankers to comply with SBU, net worth timelines

DFS Secretary Lohiya named director on RBI, SBI central boards

India, Nepal launch cross-border remittance mechanism; links UPI, NPI

SEBI proposes uniform pricing mechanism for illiquid stocks across exchanges

Sebi mistook Valcambi's Ebitda as revenue; all records submitted: REL

RBI cancels registration certificates of 135 NBFCs, most in West Bengal

RBI consolidates governance norms for risk, compliance and audit functions

Bank loans to Reits and Invits to be based on asset cashflow record: RBI

International News:

Chartered Accountants [CA ANZ] to probe big four over data leaks

FRC launches AI sandbox and it could reshape the route to partnership

PCAOB Proposes Rollbacks to Quality Control Standard Amid Audit Firm Pushback

Samsung, one of the world's hottest stocks, is hit by insider-trading probe

ECB hikes rates to 2.25% as Iran conflict stokes inflation concerns

Exposure Drafts:

SEBI Draft:

Consultation Paper on Harmonization of Base price for Call Auction in Pre-open Session and for Price Band - For scrips listed on multiple stock exchanges
[Last date for Comments: July 2, 2026] 

PCAOB Draft:

Proposed Amendments to QC 1000, A Firm's System of Quality Control, and Related Rule and Forms
[Last date for Comments: July 9, 2026] 

Acts & Regulations:

IBBI Regulations:

IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (Amended upto 02-06-2026)

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Amended upto 20-05-2026)

IBBI (Pre-Packaged Insolvency Resolution Process) Regulations, 2021 (Amended upto 20-05-2026)

IBBI (Liquidation Process) Regulations, 2016 (Amended upto 20-05-2026)

RBI Master Directions:

Updated as on June 17, 2026:

Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Directions, 2025

Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Directions, 2025

Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Directions, 2025

Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Directions, 2025

Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Directions, 2025

Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Directions, 2025

Updated as on June 16, 2026:

Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025

Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Directions, 2025

Reserve Bank of India (Regional Rural Banks – Prudential Norms on Capital Adequacy) Directions, 2025

Reserve Bank of India (Urban Co-operative Banks – Prudential Norms on Capital Adequacy) Directions, 2025

Reserve Bank of India (All India Financial Institutions – Prudential Norms on Capital Adequacy) Directions, 2025

Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Directions, 2025

Added/Updated as on June 15, 2026:

Master Direction – Foreign Investment in India

Master Directions on Authorisation to operate a Payment System

From the ICAI:

ICAI Publication:

Practical Guide to GST Adjudication and Appeals including GSTAT
[Published in April 2026]

Tech Zone – Simplifying Technology for CAs:

Tech Zone Article:

Microsoft Copilot & Excel: Practical Ways Chartered Accountants Can Save Time in 2026

Legal Updates:

GST:

Advisory on e-Invoice API and e-Way Bill by IRN API changes for mandatory capture of Ship-to GSTIN and Voluntary Closure of e-Way Bill

IBBI:

Guidelines for Conducting Valuation Under the Insolvency and Bankruptcy Code, 2016

SEBI:

Guidelines for winding up of AIFs with respect to retention of proceeds and ‘Inoperative Fund’ status

Norms for Base Price, Price Bands, Call Auction in pre-open session and Close-out procedure for Exchange Traded Funds (ETFs)

Extension of timelines for compliance with certain provisions of Circular dated January 02, 2026

IFSCA:

Updated Consolidated Circular - Import of Gold or Silver through IIBX

Customs:

Seeks to amend Notification No 21/2022-Customs (N.T.) dated 31.03.2022

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.55(NT)]

Implementation of MeitY Notification S.O. 2204(E) dated 05.05.2026 regarding “Standalone Hard Disk Drives” under Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 [Instruction No.9]

Implementation of MeitY Notification S.O. 1246(E) dated 10.03.2026 regarding exemption for Highly Specialized Equipment (HSE) under Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 [Instruction No.8]

Testing of samples of Export Consignments [Circular No.28]

Exemption of Merchant Overtime Charges (MOT) on International Cruise passengers and baggage clearance at cruise ports [Circular No.27]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.54(NT)]

Notification under Section 28A of Customs Act,1962 for non levy of customs duty on import of goods for generation of nuclear power, falling under tariff items 84013000 [Notification No.53(NT)]

Seeks to amend notification No. 51/2021-Customs (ADD), dated the 16th September, 2021 to extend the levy of anti dumping duty on 'Aluminium Foil' originating in or exported from China PR, Malaysia, Thailand and Indonesia, up to and inclusive of 15th December, 2026 [Notification No.10(ADD)]

Seeks to amend notification No.4/2021-Customs (CVD), dated the 24.09.2021 to extend the levy of countervailing duty on "Aluminium Wire/Wire Rod(9-13 mm)" originating in or exported from Malaysia, up to and inclusive of the 23rd March, 2027 [No.3(CVD)]

Corrigendum to notification No.45/2025-Customs dated 24.10.2025

Central Excise:

Seeks to amend Notification No. 08/2026-Central Excise dated 26.03.2026 to revise the SAED rate on exports of ATF outside India [Notification No.31]

Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to revise the SAED rates on exports of diesel outside India [Notification No.30]

Seeks to amend Notification No. 03/2021-Central Excise dated 01.02.2021 to give exemption from AIDC to duty-paid Ethanol blends of petrol,i.e. E22, E25, E27 and E30 [Notification No.29]

Seeks to notify exemption from RIC to duty-paid Ethanol blends of petrol, i.e. E22, E25, E27 and E30 [Notification No.28]

Seeks to amend Notification No. 28/2002-Central Excise dated 13.05.2002 to give exemption from SAED to duty-paid Ethanol blends of petrol, i.e. E22, E25, E27 and E30 [Notification No.27]

Seeks to amend Notification No. 11/2017-Central Excise dated 30.06.2026 to give exemption from basic excise duty to duty-paid Ethanol blends of petrol,i.e. E22, E25, E27 and E30 [Notification No.26]