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Wishing you a very Happy Diwali
&
a Prosperous New Year

Weekly Newsletter - October 18, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IFSCA Drafts

SEBI Draft

Acts & Regulations:

SEBI Master Circular

Useful Forms:

ITR eFiling Utilities for AY 2025-26

From the ICAI:

ICAI Technical Guide

CA's Referencer:

ICAI Handbook

Legal Updates:

GST

MCA

IBBI

IFSCA

SEBI

DGFT

Customs

 


  

News Update:

Indian News:

Belgian court clears Choksi’s extradition

Delhi govt's GST refund gift to traders ahead of Diwali; ₹738 cr disbursed

Sebi proposes measures to ease dematerialisation, transfer of old shares

Labour Ministry, EPFO respond to criticism, defend new PF withdrawal rules

Can't access your PF for 12 months? Here's what the new rule means for you

Brother got Rs 10 lakh cash from two sisters, tax dept had doubt and sent notice; he fought back and won case in ITAT Agra

‘Forging court orders, judges’ signatures’: Supreme Court flags rise in digital arrest scams; seeks Centre’s reply

Further rate cut today runs the risk of an overdose, says RBI MPC member Ram Singh

DBS faces I-T query over 2019 masala bond investments

I-T department begins action on firms failing to report high-value deals

EPFO revises PF withdrawal rule: 75% after job loss, rest after 12 months

CA, wife booked for 2.67cr share market fraud in Surat

Reimagining GST registration through Agentic AI framework

RBI not targeting any specific Rupee level, says Guv Malhotra at IMF

Sebi busts ₹173 crore insider trading linked to CERC official, bars eight from securities market

AI tops investment priority for Indian CEOs amid global uncertainty: KPMG

Axis Finance to become upper-layer NBFC; listing likely within 3 years

Policy space exists for further rate cut: RBI Guv at MPC meeting

Algorithmic decision-making, data concentration pose systemic risks: RBI DG

Now view if and when an I-T official saw or reviewed your tax notice submissions

Sebi extends deadline to Jan 2026 to disclose allocation methodology by angel funds

Sebi chief urges public interest directors to uphold governance integrity at MIIs

Income tax refunds fall sharply owing to new fraud checks

  

International News:

CPA Canada: Why AI agents may be the next big thing in accounting

ICAEW: How to build an ethical, compliance-friendly culture

H-1B pushback: US Chamber sues govt, says fee violates immigration law

PCAOB Sanctions Former Audit Partner for Multiple Violations of PCAOB Rules and Standards

PCAOB releases guidance on audit evidence standard


Exposure Drafts:

IFSCA Drafts:

Public Consultation on amendment to IFSCA Banking Handbook: COB Directions on restrictions by the Authority on the activity of providing credit
[Last date for Comments: November 7, 2025] 

Consultation Paper on Amendments to IFSCA (Fund Management) Regulations, 2025
[Last date for Comments: November 6, 2025]
 

  

SEBI Draft:

Consultation paper on proposed amendment to certain provisions of SEBI (LODR) Regulations, 2015 to facilitate transfer of securities transferred prior to April 1, 2019 and simplify the process of dematerialization of shares
[Last date for Comments: November 7, 2025] 


Acts & Regulations:

SEBI Master Circular:

Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
[Updated as on October 15, 2025


Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated:
ITR 6 -
Offline Utility
Utility for MAC


From the ICAI:

ICAI Technical Guide:

Technical Guide on Disclosure and Reporting of Key Performance Indicators (KPIs) in Offer Documents (Revised in October 2025)


CA's Referencer:

ICAI Handbook:

Handbook on Certificates by Chartered Accountants: Comprehensive Checklist & Formats
[Published in October 2025]


Legal Updates:

GST:

Introduction of "Pending" Option for Credit Notes and declaration of Reversal amount in IMS

Advisory: FAQs on GSTR -9/9C for FY 2024-25

Advisory for GSTR 9/9C for FY 2024-25

 

MCA:

Relaxation of additional fees and extension of time for filing of Financial Statements and Annual Returns under the Companies Act, 2013 [Circular No.6]

General Awareness of Stakeholders w.r.t Nidhi Rules

Extension for filing e -forms DIR-3-KYC and web-form DIR-3-KYC-WEB without filing fee up to 31.10.2025 [Circular No.5]

 

IBBI:

IBBI (Liquidation Process) (Second Amendment) Regulations, 2025

IBBI (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025

 

IFSCA:

IFSCA (Listing) (Amendment) Regulations, 2025

 

SEBI:

Relaxation in timeline for disclosure of allocation methodology by Angel Funds

 

DGFT:

Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act 2025 (No. 07 of 2025) dated 29.03.2025 [Notification No.44]

Amendment in import policy and policy condition of Areca Nuts falling under ITC HS Code 08028090 and 20081991 of Chapter 20 of ITC HS 2022 Schedule I Import Policy [Notification No.43]

Amendment to Public Notice No. 42/2024-25 dated 21.01.2025 [Public Notice No.26]

 

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.65(NT)]


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