Worldwide: Audit

On March 23, 2026, the Union Finance Minister introduced the Corporate Laws (Amendment) Bill (“Bill”), 2026 in the Lok Sabha, which proposes various amendments (“Proposed Amendments”) to the Companies Act, 2013 (“CA 2013”) and the Limited Liability Partnership Act, 2008. The Bill has been referred to a Joint Parliamentary Committee for further scrutiny.

CBDT vide Press release dated 29th October, 2025 extends the due date for furnishing return of income u/s 139(1) of the Act for the AY 2025-26, in respect of assessees' referred in clause (a) of Explanation 2 to section 139(1) of the Act, from October 31, 2025 to December 10, 2025.

This June newsletter covers categories of relevant updates notified by the Ministry of Corporate Affairs ("MCA") and Reserve Bank of India ("RBI").