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FAQs: Guidance Note on Financial Statements of Non-Corporate Entities

July 10, 2025 8961 Views 1 comment Print

ICAI issues Guidance Note for non-corporate financial statements, effective April 1, 2024, replacing 2022 Technical Guide with standard formats.

Tax benefits available under NPS shall apply mutatis mutandis to UPS

July 10, 2025 840 Views 0 comment Print

Ministry of Finance confirms tax benefits available under NPS will apply to the Unified Pension Scheme (UPS), providing parity and incentives for Central Government employees.

IFSCA Advisory: Online Scam Precautions for IFSC Users

July 10, 2025 555 Views 0 comment Print

IFSCA issues public advisory warning IFSC users about online scams via social media, urging vigilance, verification, and reporting of suspicious activity.

SEBI Proposes Expanded Role for Credit Rating Agencies

July 10, 2025 735 Views 0 comment Print

SEBI’s new consultation paper proposes allowing Credit Rating Agencies (CRAs) to rate financial instruments regulated by other financial sector bodies, even without specific guidelines from those regulators. The proposal aims to address industry gaps and enhance synergies while maintaining a segregated operational framework for non-SEBI regulated activities. Public comments are invited until July 30, 2025.

Draft Format of Loan Agreement

July 9, 2025 5229 Views 0 comment Print

A detailed personal loan agreement between a lender and borrowers, outlining disbursement, repayment terms, joint liability, default clauses, and confidentiality.

FATF Updates High-Risk, Monitored Jurisdictions

July 8, 2025 1311 Views 0 comment Print

FATF’s June 2025 update lists high-risk nations (DPRK, Iran, Myanmar) for countermeasures and identifies jurisdictions under increased monitoring for AML/CFT deficiencies.

MCA V3 Portal: Filing 38 e-Forms from July 14, 2025 – FAQs

July 8, 2025 29463 Views 0 comment Print

All 38 e-forms move to MCA’s V3 portal on July 14, 2025. Understand key changes like online filing, “My Application” section, new forms, and updated attachment limits.

SEBI Consultation Paper on AMC Business Activities Under Regulation 24

July 7, 2025 1452 Views 0 comment Print

SEBI releases consultation paper to review rules for Asset Management Companies (AMCs), proposing to relax broad-basing requirements and expand permissible business activities.

CA Final, Inter, Foundation May 2025 – Pass percentages & toppers

July 7, 2025 10824 Views 1 comment Print

The ICAI has announced results for the May 2025 CA Final, Intermediate, and Foundation exams. This release details pass percentages, topper names, and marks for each examination level.

71-Year-Old Jaipur Man Clears CA Exam After Retirement

July 7, 2025 12054 Views 0 comment Print

At 71, Jaipur’s Tarachand Agrawal clears CA exam post-retirement, inspired by granddaughter. His journey highlights lifelong learning beyond age limits.

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