Weekly Newsletter - November 19, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Drafts

SEBI Draft

IFSCA Drafts

Financial Reporting Council Draft

Acts & Regulations:

IFSCA Regulation

Useful Forms:

Income Tax eFiling Utilities

Legal Updates:

MCA

IBBI

RBI

SEBI

IFSCA

DGFT

Customs

News Update:

Indian News:

HDFC Bank tops India's most valued brands for 2025, overtaking TCS

NFRA announces launch of webinar series as part of its 2025-26 initiative “Creating a Better Financial Reporting Ecosystem”

RBI's inflation model under fire as persistent overestimates draw scrutiny

Stop retendering as it leads to inefficiency, CAG tells finance ministry

Trade portal to open new insights for importers, exporters, startups: Goyal

Goyal launches trade intelligence portal to track FTAs, global mkt trends

Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy

Does illness contracted after taking insurance affects claim or renewal?

Textile expansion: Govt okays 17 firms under PLI scheme; new projects eye Rs 12,893 crore sales lift

India likely to enter Bloomberg Global Index as FPIs give positive feedback

Wife misses loan payments, bank recovers dues from husband's pension kept in joint bank a/c; Odisha HC tells bank to return money

MCA finalises cabinet note; Bill to streamline rules, permit multi-disciplinary firms and widen NFRA's powers

8 yrs after GST, legacy service tax disputes still haunt businesses in Gujarat

India-US trade deal's first phase close to being finalised

Infosys launches AI-first model to transform GCCs into innovation hubs

ITR forms, rules under new Income Tax Act to be notified by Jan: CBDT chief

CBDT confident of meeting FY26 tax target; refund checks slowing outflows

Stake sale or merger: Grant Thornton is said to study options for $2 billion India unit

India Inc rethinks internal audits amid data fraud, AI

Latest gratuity rules for NPS subscribers: Central govt describes eligibility criteria for employees resigning from their job

Digital life certificate rejected? Here's why it happens and how to fix it

Panel suggests reforms to make life easy for small enterprises

Tax and tariff disruptions reshape supply chains as strategic engines: PwC

Hong Kong looks to grow bilateral investment flows with India

Examining relief measures for SEZs to boost production: Piyush Goyal

Homeowners, not housing society, must pay capital gains tax on sale of development rights to builders, rules ITAT Mumbai

Sebi to discuss panel’s conflict of interest report next month

RBI unveils export relief as US trade tensions rise, extends credit period

India negotiating trade pact with US, EU, other nations: Piyush Goyal

New rule for joining NPS: Corporate pension choice will need mutual consent

DPDP rules mandate deleting user data after three years of inactivity

63% of Indian managers say AI training will be core team responsibility within five years

Sebi proposes IPO rule tweaks with lock-in fix, simpler disclosure format

IndusInd Accounting Probe: Mumbai Police finds no criminality by ex-execs

India imposes anti-dumping duty on Vietnam steel imports for 5 years

Pension can be cut only to fix clerical errors, says govt notification

Centre clarifies family pension rules, says keep daughter's name in records

SBI charges Rs 4,400 for bounced EMIs; customer contests and wins Rs 1.7 lakh after 15 years

Tax dept adds Rs 1.2 crore as unexplained cash credit; ITAT Bangalore gives relief

How a Rs 1,00,000 crore fat finger error at Karnataka Bank is drawing RBI’s attention

DPIIT gets 13 PLI applications for white goods with ₹1,914 cr commitment

Cabinet clears ₹45,060 cr schemes to boost exporters amid US tariff blow

CAMS launches AI tool to help mutual funds analyse regulations in real time

Thinking of investing? RBI's Sachet lets you verify scheme before you trust

International News:

The case for audit confirmations: Compliance, cost, and confidence

ICAEW details GenAI role in streamlining financial close procedures

A New Frontier: CPAs as AI System Evaluators

FRC imposes sanctions against BDO LLP and two audit engagement partners

Fear of AI is Rising: Why Managers—and Their Bosses—Feel Unprepared

Audit Firms Aren’t Feeling the Heat From PCAOB, SEC Enforcers

AI Is Co-Writing Financial Reports. Here’s Why That Matters

Exposure Drafts:

IBBI Drafts:

Discussion Paper – Strengthening safeguards and transparency in the CIRP
[Last date for Comments: December 8, 2025] 

Discussion paper on Empowering Director/ Partner in an Insolvency Professional Entity (IPE) by proposing Minimum Shareholding/ Capital Contribution
[Last date for Comments: December 7, 2025] 

Discussion Paper on Strengthening the Valuation Process under the Insolvency and Bankruptcy Code, 2016
[Last date for Comments: December 7, 2025] 

SEBI Draft:

Consultation Paper on amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, with the objective of enhancing ease of doing business and increasing the participation of retail investors in public issue
[Last date for Comments: December 4, 2025] 

IFSCA Drafts:

Consultation Paper on proposed amendment to IFSCA (Registration of Insurance Business) (Amendment) Regulations , 2025
[Last date for Comments: November 29, 2025] 

Seeking comments/suggestions of the public and market participants on the existing IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
[Last date for Comments: December 5, 2025] 

Consultation Paper on Regulatory Framework for Implementation Services by Investment Advisers in IFSC
[Last date for Comments: December 3, 2025] 

Financial Reporting Council Draft:

Enhancing Auditor’s Reports
Proposed Revisions to UK Auditor Reporting Standards
[Last date for Comments: January 16, 2026]
 

Acts & Regulations:

IFSCA Regulation:

IFSCA (Performance Review Committee) Regulations, 2022 as amended up to 29.09.2025

Useful Forms:

Income Tax eFiling Utilities:

Updated as on November 11, 2025
Form 29B - Schema
Form 29C - Schema

Legal Updates:

MCA:

List of companies declared as Nidhis under Companies Act, 1956 / 2013

IBBI:

Strengthening due diligence under Section 29A

RBI:

Reserve Bank of India (Trade Relief Measures) Directions, 2025

SEBI:

Report of the High-Level Committee on Conflict of Interest, disclosures and related matters in respect of Members and Officials of SEBI

IFSCA:

Requirement of Certification on AML/CFT for Designated Director and Principal Officer under the IFSCA (AML/CTF/KYC) Guidelines, 2022

DGFT:

Amendment in Import Policy of ITC HS 71131921 covered under Chapter 71of ITC (HS) 2022, Schedule –I (Import Policy) [Notification No.48]

Customs:

Seeks to impose ADD on “Liquid Epoxy Resins” falling under tariff item 3907 30 10 and 3907 30 90 when imported from China PR, Korea RP, Saudi Arabia, Taiwan and Thailand for a period of 5 years from date of notification [No.33(ADD)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.74(NT)]

Launch of Online Module for Permissions under Section 65 (MOOWR and MOOSWR) [Circular No.28]

Seeks to (i) remove export duty on Cane Molasses (HS 1703 10 00) (ii) reduce BCD on Crude olive pomace oil (HS 1510 10 00) [Notification No.48]

Seeks to impose anti-dumping duty on Hot-rolled flat products of alloy or non alloy steel originating in or exported from Vietnam [Notification No.32(ADD)]