Today’s key finance, tax & compliance changes for professionals — what changed and why it matters.
Companies Act
A five-year trail of LIC’s red flags on Rajesh Exports before Sebi order
Livemint – Companies · 2026-06-06
The voting trail of LIC, the largest investor in Rajesh Exports, reveals concerns regarding the company’s disclosures long before SEBI raised issues about alleged revenue inflation. This situation underscores the importance of transparency and timely disclosures in corporate governance. Why it matters: This case may prompt finance professionals to advocate for stricter compliance and disclosure norms under the Companies Act to protect investor interests.
Tax
“Strengthen aspirations of 140 crore Indians”: Rajnath Singh hails India’s 7.7% GDP growth in FY 2025-26
ET – Wealth/Tax · 2026-06-06
India’s economy recorded a robust growth of 7.7% in FY 2025-26, with a notable acceleration to 7.8% in the fourth quarter. This growth is seen as a testament to the effectiveness of the government’s reform initiatives. Such economic performance can influence tax policies and compliance requirements for businesses and taxpayers.
Tax
Crude oil prices above $100 a barrel: How can it impact your monthly budget?
Livemint – Money · 2026-06-06
Crude oil prices have surged above $100 a barrel, leading to increased costs for commuting, travel, groceries, and dining. This rise in oil prices can also indirectly affect the prices of finished goods due to higher production costs. Why it matters: Chartered Accountants and finance professionals should prepare for potential inflationary pressures and advise clients on budget adjustments and cost management strategies.
IBBI
DFS organises Half-Day Workshop on Insolvency and Bankruptcy (Amendment) Act, 2026 – PIB
IBBI (Google News) · 2026-06-05
The Department of Financial Services (DFS) conducted a half-day workshop focusing on the Insolvency and Bankruptcy (Amendment) Act, 2026. This workshop aimed to enhance understanding and implementation of the amendments among stakeholders in the insolvency ecosystem.
RBI
RBI Recognises Sahamati as SRO for Account Aggregator Ecosystem
Inc42 · 2026-06-05
The Reserve Bank of India (RBI) has officially recognized Sahamati Foundation as the Self-Regulatory Organisation (SRO) for the Account Aggregator ecosystem in India. This recognition aims to enhance the governance and operational standards of the account aggregator framework, facilitating better data sharing and financial services. Why it matters: This development is significant for finance professionals as it establishes a regulatory framework that could streamline data management and improve compliance in financial transactions.
Other
DIR-3 KYC Under New Triennial Regime: Is Filing Required in FY 2026-27
TaxGuru – All · 2026-06-05
The Ministry of Corporate Affairs (MCA) has transitioned from annual DIR-3 KYC filings to a triennial framework, meaning that most Directors Identification Number (DIN) holders who complied in FY 2025-26 will not need to file in FY 2026-27. This change simplifies compliance for many directors.