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ICSI Flags MCA-21 V3 Portal Issues, Seeks Urgent Compliance Fixes

May 8, 2026 19824 Views 0 comment Print

ICSI recommended restoring public access to basic company master data without mandatory login requirements. The representation stated that quick verification access is essential for professionals, stakeholders, and third parties.

Errors in New TDS Challans Under Income Tax Act 2025 Create Compliance Risks

May 7, 2026 1401 Views 0 comment Print

The updated TDS challan system reportedly displays incorrect interest-related options under the Company Deductee category. Taxpayers may face difficulties correcting payments because the minor head correction process is not automated.

Cabinet Approves ECLGS 5.0 to Support Businesses Hit by West Asia Crisis

May 6, 2026 480 Views 0 comment Print

The Union Cabinet approved ECLGS 5.0 to provide guaranteed emergency credit support to MSMEs, non-MSMEs, and airlines facing liquidity stress due to the West Asia conflict. The scheme offers up to 100% guarantee coverage and aims to protect jobs and supply chains.

SEBI Proposes OBPP Reforms to Ease Business and Expand Product Offerings

May 5, 2026 729 Views 0 comment Print

The consultation paper proposes allowing OBPPs to offer products regulated by IFSCA. It aligns with broader efforts to enhance cross-border investment opportunities. The proposal also ensures compliance with foreign exchange rules.

SEBI Proposes Extending Early Pay-In Benefit to Options Due to Stakeholder Demand

May 5, 2026 432 Views 0 comment Print

The consultation paper issued by Securities and Exchange Board of India seeks public comments on a draft circular proposing to extend the benefit of early pay-in (EPI) in the commodity derivatives segment to options contracts, in addition to its current applicability to futures contracts. Under the existing framework prescribed in the SEBI Master Circular dated […]

Direct Tax Collections for F.Y. 2025-26 as on 31.03.2026

May 5, 2026 648 Views 0 comment Print

The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highlights improved tax realization and efficient revenue administration.

SEBI Proposes Amendments as Existing Rules Conflict with RBI Securitisation Directions

May 5, 2026 384 Views 0 comment Print

SEBI suggests relaxing concentration limits for RBI-regulated entities. This change aims to enable listing of single-asset securitisation structures. The proposal seeks to boost market participation and flexibility.

ICAI Releases Draft Auditor Panel for Co-operative Banks

May 5, 2026 19164 Views 0 comment Print

The issue involves publication of the draft panel for statutory auditor appointments. ICAI has released the list based on existing guidelines, allowing applicants to review and raise queries before finalization.

ICAI Seeks Feedback on May 2026 CA Exams

May 5, 2026 28947 Views 7 comments Print

Candidates can raise concerns regarding exam papers through email or post. The Institute will consider only properly submitted responses with required details.

ICSI First Bi-Annual Eastern Region Convocation of Fy 2026-2027

May 5, 2026 684 Views 0 comment Print

The issue concerns eligibility and participation rules for the convocation. ICSI has clarified that members who do not attend will not be allowed in future convocations and will receive certificates by post.

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