Daily Newsletter - September 14, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Draft

FASB Draft

Acts & Regulations:

RBI Directions

Legal FAQs:

MCA FAQs

Legal Updates:

IRDAI

FEMA

DGFT

News Update:

Indian News:

FIR filed against CA over Rs457cr foreign transfers

Online shopping to get stricter consumer rules on pricing, rankings in 2027

SEBI tightens scrutiny of Wall Street giants operating in India

RBI: Only disputed amount can be frozen under new norms

PwC US, PwC India form JV to combine advisory talent, capabilities

Smaller firms eye a larger slice in the ongoing auditor churn

CBI arrests CGST superintendent, consultant in Rs 1 crore bribe case

Mumbai businessman’s ₹6.42 lakh work travel claim denied as he used his wife’s credit card; here’s what ITAT ruled

₹1.09 crore sent from Kuwait to India: ITAT Ahmedabad grants partial relief in income tax notice case

Sebi proposes changes to derivatives settlement, closing auction timings

SBI to use UPI data to lend to small businesses without GST registration

International News:

FASB proposes stablecoin disclosures

Exposure Drafts:

SEBI Draft:

Consultation paper on “Review of certain aspects of the Closing Auction Session, Market Timings and Settlement Methodologies for Derivative Contracts”
[Last date for Comments: October 3, 2026] 

FASB Draft:

Proposed Accounting Standards Update
Statement of Cash Flows (Topic 230)
Cash Equivalents—Disclosure Enhancement and Evaluation of Certain Digital Assets
[Last date for Comments: November 19, 2026] 

Acts & Regulations:

RBI Directions:

Reserve Bank of India (Local Area Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on September 11, 2026)

Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025 (Updated as on September 11, 2026)

Legal FAQs:

MCA FAQs:

Registration of Foreign Companies / Subsidiary of Foreign Body Corporate FAQs

Legal Updates:

IRDAI:

Migration of Reinsurance Regulatory Returns and Other Reinsurance Functionalities to the Integrated Business Analytics Platform

FEMA:

Review of Circulars issued under Foreign Exchange Management Act, 1999

DGFT:

Extension of timeline for surrender of unutilised TRQ quantity allocated for import of 10 Lakh MT of Raw Sugar [Public Notice No.30]

Inviting comments/suggestions on Amendment in Para 2.93 of the Handbook of Procedures, 2023 – Rules of Origin (Non-Preferential) [Trade Notice No.27]