NFRAcorporateaudit
NFRA Issues SA 570 Guidance on Going Concern Assessments
NFRA released guidance on auditors’ evaluation of going concern under SA 570, covering reporting, CARO 2020, and 35 audit committee questions.
Oct 5, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLATinsolvencycorporate
NCLAT Upholds Forfeiture of EMD in Liquidation Default
NCLAT affirmed forfeiture of earnest money deposit and part payment after a successful liquidation auction bidder failed to complete payment as per terms.
Oct 5, 2026Read more →
NCLT Chandigarhcorporateinsolvency
NCLT Chandigarh Admits CIRP Against SynergyByte for ₹1.06 Cr
NCLT Chandigarh admitted a Section 9 IBC application against SynergyByte for default of ₹1.06 crore in unpaid digital marketing dues, finding no pre-existing dispute.
Oct 5, 2026Read more →
NCLT Bengalurucorporate
NCLT Bengaluru Approves India1 Payments’ Capital Reduction
NCLT Bengaluru confirmed India1 Payments’ selective reduction of share capital under Section 66, permitting partial investor exit subject to regulatory compliance with ROC, RBI, and FEMA.
Oct 5, 2026Read more →
NCLT Mumbaicorporate
NCLT Mumbai Approves Parle’s Composite Demerger Scheme
NCLT Mumbai sanctioned Parle’s composite scheme involving two demergers and an amalgamation, with safeguards for Income Tax Department rights. The structure aims to streamline business operations.
Oct 5, 2026Read more →
NCLT Mumbaicorporate
NCLT Mumbai Sanctions Vidarbha-Adani Power Amalgamation
NCLT Mumbai approved the amalgamation of Vidarbha Industries with Adani Power under Sections 230–232 of the Companies Act, 2013. The scheme preserves tax, stamp duty, and regulatory rights of the parties.
Oct 5, 2026Read more →
Reserve Bank of Indiabankingconsumer
RBI Revises Master Circular on SC/ST Credit Facilities
RBI consolidates and updates credit facility guidelines for Scheduled Castes and Tribes. Banks must ensure adequate credit flow and report progress under priority sector lending norms.
Oct 5, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Tightens Shareholding Norms for Small Finance Banks
Amendment Directions, 2026, update the 2025 Master Direction for Small Finance Banks, mandating prior RBI approval for shareholdings of 5% or more. The framework enhances governance and financial stability safeguards.
Oct 5, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Amends Shareholding Rules for Local Area Banks
RBI issues Amendment Directions, 2026, updating the framework for acquisition and holding of shares or voting rights in Local Area Banks. Prior approval is required for any stake exceeding 5%, aligning with prudential norms.
Oct 5, 2026Read more →
Reserve Bank of Indiabankingforeign_exchange
NRD-CSR Returns Now Mandatory via CIMS Sankalan Portal
RBI mandates submission of the Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan Portal, replacing the XBRL platform. All Authorised Dealers must comply with the updated reporting mechanism effective October 1, 2026.
Oct 5, 2026Read more →
Reserve Bank of Indiabankingpublic_finance
State Governments to Raise ₹25,100 Crore via Bond Auctions
State governments, including Andhra Pradesh and Telangana, will auction securities totaling ₹25,100 crore in face value. The auctions are part of the RBI’s Benchmark Issuance Strategy to improve market transparency and investor clarity.
Oct 5, 2026Read more →
Reserve Bank of Indiabankingfinancial_regulation
Rate Set for Government Floating Rate Bond 2028
The interest rate for the Government of India Floating Rate Bond 2028 (FRB 2028) for the period October 4, 2026, to April 3, 2027, has been fixed at 6.45% per annum, based on the average yield of recent 182-day Treasury bill auctions plus a 0.64% spread.
Oct 5, 2026Read more →