Daily Newsletter - October 26, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

SEBI Regulations

From the ICAI:

ICAI Sustainability Assurance Engagements Standards

Legal Updates:

MCA

FEMA

SEBI

DGFT

Customs

News Update:

Indian News:

Ind AS 118: India Inc gears up for big changes to financial reporting

GSTAT allows GST refund on cancelled air tickets

Central Bank of India reports unauthorised transactions worth ₹13.97 crore, FIR filed

MCA extends annual filing deadlines, waives extra fees for FY26 filings

I-T likely to send notices over undisclosed foreign property

SEBI proposes automatic approval route for exchanges, depositories’ investments

RBI revises bank leverage ratio norms, new framework effective April 2027

RBI tightens operational risk capital norms for banks from April 2027

Indian banks open cheque books for ₹10,000 crore-plus

International News:

Using AI in audits: Practical guardrails for every accounting firm

Exposure Draft:

SEBI Draft:

Consultation Paper on Review of Regulation 38(2) of the SECC Regulations, 2018 and Regulation 7(c)(i) of the D&P Regulations, 2018 for providing an automatic approval route for investment in related activities by the MIIs
[Last date for Comments: November 12, 2026] 

Acts & Regulations:

SEBI Regulations:

SEBI (Intermediaries) Regulations, 2008
Updated upto October 10, 2026

SEBI (Mutual Funds) Regulations, 2026
Updated upto October 10, 2026

SEBI (Employees’ Service) Regulations, 2001
Updated upto October 10, 2026

SEBI (Research Analysts) Regulations, 2014
Updated upto October 10, 2026

SEBI (Vault Managers) Regulations 2021
Updated upto October 9, 2026

From the ICAI:

ICAI Sustainability Assurance Engagements Standards:

Published in September 2026:

Standard on Sustainability Assurance (SSA) 5000
General Requirements for Sustainability Assurance Engagements

Framework for Sustainability Assurance Engagements

Legal Updates:

MCA:

Relaxation of additional fees and extension of time for filing of Financial Statements and Annual Returns under the Companies Act, 2013 [Circular No.5]

FEMA:

Delegation of Compounding of certain Contraventions under FEMA, 1999 to Regional Offices of the Reserve Bank

SEBI:

Review of regulatory requirement for maintenance of call records of institutional clients by Research Analysts or Research Entities

DGFT:

Amendments and Clarifications to the Guidelines for Support for Alternative Trade Instruments under Export Promotion Mission (EPM) – Niryat Protsahan [Trade Notice No.32]

Fixation of four new Standard Input-Output Norms (SIONs) at SION Nos. A-3715, A-3716, A-3717 & A-3718 under "Chemical and Allied Product" (Product Code-'A') [Public Notice No.36]

Customs:

Seeks to impose Anti Dumping Duty on imports of ‘Titanium Dioxide’ originating in or exported from China PR [Notification No.26(ADD)]

Seeks to rescind notification no. 12/2025-Customs (ADD), dated 10th May, 2025 [Notification No.25(ADD)]

Seeks to extend the validity of notification No. 30/2026-Customs from 31st October, 2026 to 31st December, 2026 [Notification No.33]