The guidelines prescribe a structured process for sponsor selection and pension fund registration. The key takeaway is that only financially strong and compliant entities can enter the pension fund space.
ICAI has updated the financial and professional eligibility norms for organizations imparting industrial training. The changes aim to standardize capacity, ensure qualified supervision, and take effect from 1 January 2026.
The issue concerns high-pitched additions proposed under faceless scrutiny even where agricultural income is exempt and fully documented. The key takeaway is the need for evidence-based verification before adverse action.
Authorities cannot insist on adding an irrevocable clause in trust deeds for Section 12A renewal when the trust is otherwise legally irrevocable. Renewal should depend on substance, not form.
Firms facing advisories, misconduct findings, or debarment face point reductions or outright ineligibility. The policy reinforces regulatory compliance as a condition for empanelment.
ICAI has mandated a digital E-Diary for CA students starting articleship from January 2026. The move standardises training records, improves transparency, and enables real-time monitoring by principals.
RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer responsibilities.
The draft policy proposes a detailed scoring framework to empanel CA firms and LLPs for government audits based on capacity, experience, audit quality, and professional credentials. It aims to ensure transparency, objectivity, and merit-driven selection while discouraging non-compliance and poor performance.
The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate reforms to ensure timely and fair processing.
The deadline for completing mandatory CPE hours for 2025 has been extended by three months. Members get additional time to comply without triggering non-compliance consequences.
