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In this Lexpresso special, we decode the Companies (Indian Accounting Standards) Second Amendment Rules, 2025—a major shift for CFOs and finance leaders.

We are pleased to share with you the first video link of our web series #TaxMantra on the contemporary topic of "Denial of depreciation on goodwill - Beginning of a new saga!!" (Part-I).

The Ministry of Corporate Affairs (“MCA”), by way of notification dated 10.03.2026 published on 12.03.2026, has issued the Companies (Accounting Standards) Amendment Rules, 20261 (“Amendment Rules”) to amend the Companies (Accounting Standards) Rules, 2021 (“Principal Rules”).

Ind AS 11 Construction Contracts and Ind AS 18 Revenue is omitted.

We conducted 209th webinar on "Industry Standards on Minimum Information to be Provided for Approval of RPT" on 21st February, 2025. Click here to view the recording...

The Ministry of Corporate Affairs vide its notification dated March 24, 2021, has introduced certain amendments in the Companies (Accounts) Rules, 2014 ("Rules").

India has implemented practices and reformed policies to improve the business climate for all investors.

Earlier this month, .India's Central Board of Direct Taxation (CBDT) had vide notification dated 18 December 2018 prescribed timelines with respect to the furnishing of Country-by-Country Reporting

The RBI has issued the RBI (Commercial Banks – Asset Classification, Provisioning and Income Recognition) Directions 2026 (‘Directions’) to commercial banks, corresponding new banks, and the State Bank of India (‘SBI’) ...

In order to further streamline the operations at IFSC, based on the internal discussions and consultations held with the stakeholders,...

Financial due diligence is a process through which financial professionals carry out an investigation and research on the financial matters and circumstances of the target firm and an analysis of various related factors.

Ministry of Corporate Affairs ("MCA") vide notification no. G.S.R. 291 (E) dated 7th May, 2025 made amendments in the Companies (Indian Accounting Standards) Rules, 2015.

The Reserve Bank of India has introduced amendments to the income recognition, asset classification and provisioning framework for Non-Banking Financial Companies, specifically addressing how Default Loss Guarantees...

Late last year, the IRDAI had released an exposure draft on regulations governing the establishment and operation of the proposed Indian branch of the Lloyd's of London.

The country's central government has promoted the concept of competitive federalism by incentivising each state to become the best place to set up and operate a business.

Action Plan 13 of the BEPS project anchored by the Organisation for Economic Co-Operation and Development (OECD) and G20 had set out an extensive framework for Transfer Pricing Documentation.

In an interesting turn of events, a writ petition has been filed before the Bombay High Court by an investor of Reliance Capital Ltd. (RCap) challenging Regulation 3(2)(b)(i) of SEBI...

According to §18 of the Limitation Act 1963, an acknowledgment of liability in writing before the expiry of the limitation period will reset the limitation clock to the date of the acknowledgment.