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Weekly Newsletter - March 11, 2026

Latest additions to CAalley:

News Update:

Indian News

Budget 2026 News

International News

Exposure Drafts:

RBI Draft

IFSCA Drafts

IFRS Drafts

Acts & Regulations:

RBI Directions

From the ICAI

ICAI Accounting Standards

International Content:

IFRS Education Material

FASB Reference Material

Tech Zone – Simplifying Technology for CAs:

Tech Zone Article

Legal Updates:

Income Tax

IBBI

SEBI

IFSCA

DGFT

Customs


  

News Update:

Indian News:

FDI easing under Press Note 3 not meant for Chinese firms, clarifies govt

Govt sets 60-day deadline for select FDI proposals from border nations

Telangana High Court reserves order on Fino Bank MD arrest in GST case

HC quashes ₹1 cr GST seizure, orders return

Sebi introduces a simpler NISM certification for research services

Global banks push back on RBI's plan for offshore rupee trade reporting

SAT upholds Sebi’s case against Sahara group

RBI examining complaint against Standard Chartered Bank's asset sales, minister says

I-T Dept asks brokers to remit excess STT collected from customers

RBI issues new rules on how banks can distribute dividends, links payouts to capital strength

Changed your mind about an EPF nominee? Here is how to update it online

Govt eases China-linked FDI curbs under Press Note 3: What it means

JNPA waives charges on stuck cargo, exporters to get ₹12 crore relief

GST slashed, but health insurers not passing on benefit to people, finds survey

Place audit orders in public domain to boost trust: CIC to NFRA

I-T dept sends notice to 63,000 restaurants over tax evasion charges after hidden sales worth ₹408 cr revealed

Sebi settles proceedings with 29 venture capital funds over violations

SC refuses to examine challenge to IT Act's digital search provisions

India waives port procedures for cargo forced to turn back due to Strait of Hormuz crisis

Builder cannot evict buyer over dues using Section 6: What HC ruling means

Maharashtra: 2 GST officials, private agent arrested for Rs 20-lakh bribe in Nashik

Got an email to download e-PAN? It's a scam, says govt: How to stay safe

Yes Bank insider trading case: 16 of 19 executives likely to settle with Sebi

RBI asks banks to give client info on forex deals, positions

RBI removes NOFHC requirement for AU SFB's transition to Universal Bank

Govt expands income-tax reporting rules to cover crypto assets, CBDCs

RBI proposes rules to protect bank customers from online fraud; suggests compensation for small-value scams

‘Special 26’ drama in Wardha: 2 fake income tax officers nabbed

Delayed EPF dues for 2 years? HC slaps Rs 77,000 penalty on employer under EPFO rules

India faces rupee, inflation risks from West Asia conflict: Moody's

ED conduct searches against Reliance Power Ltd in Mumbai, Hyderabad

Centre may extend sector & sponsored schemes beyond April 1 amid ongoing review

Can tenants claim ownership after decades of occupancy? SC clarifies

  

Budget 2026 News:

Updated return vs black money law: Drafting gap may trigger 30% tax and 300% penalty under Finance Bill 2026

  

International News:

SEC and PCAOB enforcement fall sharply

How will accountants learn new skills when AI does the work?

AICPA Auditing Standards Board proposes changes to attestation standards


Exposure Drafts:

RBI Draft:

Draft Amendment Directions for ‘Review of Framework of Limiting Customer Liability in Digital Transactions’
[Last date for Comments: April 6, 2026] 

  

IFSCA Drafts:

Public Consultation on draft guidelines on capital relief and prudential requirements for factoring transactions for FC/FUs
[Last date for Comments: March 31, 2026] 

Consultation Paper on the Regulatory Framework For Preferential Issues and Qualified Institutions Placements
[Last date for Comments: March 27, 2026] 

Consultation Paper on the Regulatory Framework for Rights Issues by Listed Entities In the IFSC
[Last date for Comments: March 27, 2026] 

Consultation Paper on IFSCA (Prohibition of Market Abuse in Securities Markets) Regulations, 2026
[Last date for Comments: March 27, 2026] 

  

IFRS Drafts:

IFRS Accounting Standard
Risk Mitigation Accounting - Proposed amendments to IFRS 9 and IFRS 7

[Last date for Comments: July 31, 2026]
 

Amendments to the Fair Value Option for Investments in Associates and Joint Ventures
Proposed amendments to IAS 28

[Last date for Comments: April 20, 2026] 


Acts & Regulations:

RBI Directions:

New RBI Directions published on March 10, 2026:

Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances of Profits) Directions, 2026

Reserve Bank of India (Small Finance Banks – Prudential Norms on Declaration of Dividend) Directions, 2026

Reserve Bank of India (Payments Banks – Prudential Norms on Declaration of Dividend) Directions, 2026

Reserve Bank of India (Local Area Banks – Prudential Norms on Declaration of Dividend) Directions, 2026

Reserve Bank of India (Regional Rural Banks – Prudential Norms on Declaration of Dividend) Directions, 2026

RBI Directions updated as on March 10, 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 (Payments 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 (Mortgage Guarantee Companies) Directions, 2025

Reserve Bank of India (Core Investment Companies) Directions, 2025

Reserve Bank of India (Standalone Primary Dealers) Directions, 2025

Reserve Bank of India (Housing Finance Companies) Directions, 2025

Reserve Bank of India (Non-Banking Financial Companies – Concentration Risk Management) Directions, 2025

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

Reserve Bank of India (Asset Reconstruction Companies) Directions, 2025

Master Direction - Other Remittance Facilities


From the ICAI:

ICAI Accounting Standards:

Compendium of Forensic Accounting and Investigation Standards
(As on September 2025)


International Content:

IFRS Education Material:

IFRS for SME: Module 19 - Business Combinations and Goodwill

  

FASB Reference Material:

Accounting Standards Update
Derivatives and Hedging (Topic 815)
Hedge Accounting Improvements

[November 2025]


Tech Zone – Simplifying Technology for CAs:

Tech Zone Article:

Backup, Sync, Archive: Not the Same Thing – And Why Every CA Firm Should Understand the Difference


Legal Updates:

Income Tax:

The Income Tax (Amendment) Rules, 2026 - Inclusion of crypto assets and CBDCs into Income Tax Reporting under FATCA, OCED's CRS [Notification No.19]

  

IBBI:

Filing of Forms to monitor insolvency resolution processes for Personal Guarantors to Corporate Debtors under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder

  

SEBI:

Ease of Doing Business – Relaxation in certification requirement for Persons Associated with Research Services (PARS) – Sales and other non-core services

Introduction of Voluntary Lock-in / Debit freeze facility to Mutual Fund folios

  

IFSCA:

Amendment to Guidelines on Cyber Security and Cyber Resilience for Regulated Entities in IFSCs

  

DGFT:

Extension in the Export Obligation period of specified Advance & EPCG Authorisations till 31.08.2026 [Public Notice No.51]

Guidelines-Support for Emerging Export Opportunities under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN [Trade Notice No.32]

Guidelines for Credit Assistance for E-Commerce Exporters under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN [Trade Notice No.31]

  

Customs:

Levy of fee for amendment or cancellatlon of export documents in cases of withdrawal of export consignments due to force majeure circumstances - Section 143AA of the Customs Act, 1962 [Circular No.10]

Return of export cargo from international waters due to closure of the Strait of Hormuz – Section 143AA of the Customs Act, 1962 [Circular No.9]

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