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September 2026
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Accounting & AuditNFRA lists 35 questions an audit committee may put to the statutory auditor on going concern under SA 570 (Revised)
Going concern: 35 questionsNew facilitySeries 6 of NFRA’s Auditor–Audit Committee Interaction papers deals with the going concern assessment. It sets out six situations under SA 570 (Revised) with the reporting outcome of each, explains why the CARO 2020 clause 3(xix) answer can differ from the SA 570 conclusion, and lists 35 questions an auditor may expect.
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SEBISEBI issues a fresh Master Circular for Debenture Trustees on 28 September 2026; the August 2025 Master Circular is rescinded
DT Master Circular, 28 Sep 2026New facilitySEBI has issued a new Master Circular for Debenture Trustees dated 28 September 2026, compiling the circulars in force on that date in 17 chapters. The Master Circular of 13 August 2025 stands rescinded, with actions taken under it saved. Annexure 1 lists five superseded circulars, including those on issuer reporting timelines, the Recovery Expenses Fund and activities outside SEBI’s purview.
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SEBISEBI extends Samuhik Prativedan Manch common reporting platform to clearing members who are also stock brokers; first phase proposed from 30 September 2026
14 reports, one platformNew facilitySEBI, in consultation with Clearing Corporations, is extending the Samuhik Prativedan Manch — the common reporting platform for stock brokers — to members of Clearing Corporations who are also stock brokers. The first phase, proposed from 30 September 2026, covers 14 compliance reports, about 60% of their reporting requirements. Around 1066 clearing members stand to benefit.
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Income TaxForm No. 98 for declarations in Form No. 97: Income Tax Department lays down registration and filing procedure
Form 98 by 31 OctoberAction neededDGIT (Systems) has notified how a reporting person registers on the Reporting Portal, gets an ITDREIN and files, corrects or deletes the statement in Form No. 98 under rule 160 of the Income-tax Rules, 2026.
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InsolvencyIBBI proposes four CIRP-style safeguards for personal guarantor insolvency — related parties to get nil vote, mandatory valuation; comments closed on 3 October 2026
Proposal — comments closed 3 OctComments invitedAn IBBI discussion paper proposes four amendments to the regulations for insolvency resolution of personal guarantors to corporate debtors: nil voting share for related parties of the guarantor, examination and reporting of avoidance transactions, valuation of the guarantor’s assets by a registered valuer, and recording of creditors’ reasons on the repayment plan. These are proposals only. The last date for comments was 3 October 2026, which has passed.
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FEMA & RBIFIU-IND issues PMLA notices to 15 crypto platforms and seeks takedown of their apps and URLs
15 noticesThe notices under section 13 of the PMLA are for operating without registering as reporting entities. The registration duty is activity-based and does not depend on physical presence in India.
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FEMA & RBIRBI drops two reports on Rupee accounts of non-resident banks: yearly branch list and overdrawal reporting dispensed with — A.P. (DIR Series) Circular No. 20
Two FEMA reports droppedReliefBy A.P. (DIR Series) Circular No. 20 dated 2 September 2026, RBI has dispensed with two reporting requirements on Rupee accounts of non-resident banks that dated from April 2003: the annual list of branches maintaining such accounts, and the report of temporary overdrawals not adjusted within five days. The change applies with immediate effect.
August 2026
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SEBISEBI aligns its Cyber Incident Reporting Portal with the FIRE format: portal to take incident reports in stages, from first report to closure
Cyber reports in FIRE formatAction neededSEBI has aligned its Incident Reporting Portal with the Format for Incident Reporting Exchange (FIRE) developed by the Financial Stability Board. Regulated entities report cyber incidents through the Cyber Incident Reporting Portal at siportal.sebi.gov.in, which will facilitate reporting in stages from initial report to final closure. The existing timelines — email within 6 hours and portal within 24 hours — are restated.
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FEMA & RBI29 FDI investments worth ₹4,895.65 crore reported under the revised land-border-country rule
₹4,895.65 croreReliefSince Press Note 2 of 2026, investors with non-controlling land-bordering-country ownership of up to 10% can use the automatic route after reporting to the Government.
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Foreign TradeDraft SOP for reporting inward remittances routed through NBFC Factors, for eBRC self-certification: DGFT Trade Notice 20/2026-27 invites comments
Comments within 30 daysComments invitedDGFT has circulated a draft Standard Operating Procedure on how Inward Remittance Messages (IRMs) are to be reported when export proceeds come through NBFC Factors. Factors would tag their SWIFT messages so that AD-I banks do not create IRMs for factoring proceeds; exporters would see factor-linked IRMs on the DGFT portal to self-certify eBRCs. Comments are invited within 30 days.
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