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OVERSEAS NETWORKING GUIDELINES
Creating domestic 'Big Four': ICAI developing digital platform to facilitate CA firm mergers, tie-upsThe Institute of Chartered Accountants of India plans to launch a digital platform. It will help accounting firms network and merge. This i...- New tax audit limit rule for CAs to apply from April 2026: ICAI presidentICAI will implement new guidelines from April 2026, limiting each partner in accounting firms to a maximum of 60 tax audits annually. This ...
- ICAI to limit individual tax audits by chartered accountants to 60 annually from 2026-27Chartered accountants will face a limit of 60 tax audits annually. The Institute of Chartered Accountants of India will implement this from...
- Big Four, other global firms push back against draft ICAI rulesGlobal professional services firms are resisting ICAI's draft guidelines for overseas networks, citing excessive disclosure requirements an...
- Local CA firms set for global tie-upsThe move is aimed at enabling local entities to gain scale, in sync with the Centre's vision of creating large home-grown accounting firms,...
- Banks seek one more month to comply with international card spend ruleIndian lenders are seeking a one-month extension from the government to comply with the Liberalised Remittance Scheme (LRS) for internation...
- Top global investors queue up for Airtel’s $1.25 billion bond issueThe Sunil Mittal-led telco said it priced $750 million worth of senior 10.25-year bonds at a yield of 187.5 basis points for an implied cou...
- Government directs PNB to avoid spats with other banks over paymentsThe ministry is concerned about the acrimony that may arise among state-run banks on account of PNB not settling bonafide claims that stem ...
- GTL Infrastructure to go under the hammer as early as February next yearThe auction, to be led by Ernst & Young, will entail conversion of Rs 3300 crore of debt into equity.
- Companies worried over tax fallout of draft norms for overseas armsWhile the concept of place of effective management was introduced by the Finance Act, 2015, the draft guidelines have been issued only rece...
- New China guidelines for prevention of cross border terrorismChina has formulated national anti-terror guidelines which include prevention of cross border terrorism in the volatile Xinjiang province.
- Reserve Bank of India redefines 'networth' under Payment and Settlement Systems ActThe RBI has from time to time issued guidelines in respect of the eligibility criteria for authorisation of payment system operators.
- HSBC evasive on going wholly-owned subsidiary wayOverseas lenders anyway do not wish to become a State Bank of India having a presence across the country with a large network.
- RBI finds 154 cases of misuse of ECB fundsReliance Communications, Huawei Technologies and Walt Disney Company have misused raised from abroad under the ECB route
- Govt likely to drop plans to bar foreign vendors for telecom gearThe move will give global telecom vendors like Ericsson, Nokia Siemens, Alcatel Lucent and Huawei reason to cheer.
- Srei Infra to study RBI guidelines, likely to foray in bankingKanoria family-promoted Srei Infrastructure Finance, is likely to venture into banking, a top company official said on Wednesday.
- Ban on Chinese telecom parts in 'sensitive' statesTelcos that have outsourced equipment management to foreign cos asked to do stricter security checks.
- ATM sharing: PSBs want 'curbs' on MNC banksPSBs with foreign branches have asked RBI to discriminate between domestic and foreign banks while allowing customer access to shared ATM n...
- Govt websites hacked off private serversThe MHA has said that in the recent past, a number of government sites hosted in the web servers of private companies or those hosted in se...
- No discrimination on nationality of CEO: DoTThere should not be any discrimination on the basis of nationality and uniform guidelines should prevail, DoT said in its Cabinet Note forw...
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