Daily Newsletter - June 29, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
From the ICAI:
Legal Updates:
News Update:
Senior-level musical chairs: Axis, Bandhan Bank CFOs quit within an hour
Indian banks may face an AI compliance bill: Who will bear the cost?
IFSCA proposes unique KYC ID for seamless use across GIFT City entities
Big Four rethink partnership as AI changes the game
Govt launches AI-enabled Rural Internal Audit Portal to strengthen financial oversight
New GST jurisdiction to handle pending cases after business shift: CBIC
10 more jurisdictions come under RBI's State Development Loans framework
TDS deducted but claim denied to taxpayer credit: Mumbai woman fights in ITAT
ICAI bets big on AI to sharpen audit quality and efficiency, signs deal with Sarvam AI
FASB Sets Out to Improve Hedge Accounting Guidance
Exposure Drafts:
Consultation Paper for issuing Circular on Integration of Regulated Entities with KYC Registration Agencies in IFSC
[Last date for Comments: July 16, 2026]
Exposure Draft on IRDAI (Policyholders’ Education and Protection Find) Regulations, 2026
[Last date for Comments: July 23, 2026]
Acts & Regulations:
IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 (Amended upto 03.06.2026)
IBBI (Information Utilities) Regulations, 2017 (Amended upto 02-06-2026)
IBBI (Inspection and Investigation) Regulations, 2017 (Amended upto 02-06-2026)
From the ICAI:
GST Act(s) and Rule(s) – Bare Law
(Published by ICAI - April 2026 Edition)
Legal Updates:
Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026
IFSCA (Managing General Agents) Regulations, 2026
[Published on June 15, 2026]
