Today’s key finance, tax & compliance changes for professionals — what changed and why it matters.
ICAI
ICAI Revises Taxonomies/categories on the UDIN Portal – A2Z Taxcorp LLP
ICAI (Google News) · 2026-06-09
The Institute of Chartered Accountants of India (ICAI) has revised the taxonomies and categories available on the UDIN (Unique Document Identification Number) portal. This update aims to streamline the process for CAs in generating UDINs for various professional documents. Why it matters: This change enhances the efficiency of UDIN generation, aiding CAs in compliance and documentation processes.
Companies Act
Dharana Capital buys 12-14% stake worth ₹225 crore in Mygate
Livemint – Companies · 2026-06-10
Dharana Capital has acquired a 12-14% stake in Mygate for ₹225 crore, valuing the company between ₹2,100 crore and ₹2,300 crore. The investment aims to support Mygate’s expansion in India, development of new payment products, and overseas initiatives. Why it matters: This transaction highlights investment trends in the tech sector, which may influence compliance and regulatory considerations under the Companies Act for similar future deals.
Companies Act
Indian firms face external disruptions: What latest report says about persistent challenges
Livemint – Companies · 2026-06-10
A recent report highlights that Indian firms are grappling with external disruptions like climate change, infrastructure challenges, and public health crises, which are affecting their talent acquisition and retention strategies. This underscores the need for companies to adapt their operational frameworks to mitigate these risks. Why it matters: CAs and finance professionals must consider these external factors in strategic planning and compliance with the Companies Act.
Companies Act
Nestlé’s milk and nutrition segment loses shine in India operations, making way for high-growth products
Livemint – Companies · 2026-06-10
Nestlé is divesting from its milk and nutrition segment in India to concentrate on high-growth products. This strategic shift indicates a realignment of resources towards more profitable areas, reflecting broader trends in corporate restructuring. Why it matters: Such corporate decisions can impact compliance and reporting requirements under the Companies Act, affecting financial professionals and CAs involved in corporate governance and advisory.
Tax
Borrowing cash from a friend above this limit can cost you 100% penalty
Livemint – Money · 2026-06-10
Borrowing cash exceeding ₹20,000 from friends or family may attract a 100% penalty if not routed through banking channels, as per tax regulations. This emphasizes the importance of adhering to compliance norms to avoid severe penalties during tax assessments.
ICSI
ICSI CS December 2026 Schedule Out: Exams to begin from December 21- Check all dates – The Times of India
ICSI (Google News) · 2026-06-09
The ICSI has released the schedule for the December 2026 examinations, which will commence on December 21. This announcement includes important dates related to the examination process for aspiring Company Secretaries. Why it matters: This information is crucial for students and professionals preparing for the ICSI exams, allowing them to plan their study schedules effectively.
SEBI
Certificate No. RC9085 of 2026_A.P Nos 15445 of 2026_ Arrowlink Chemical Private Limited (PAN: AAKCA1933D) in the matter of Illiquid Stock Options
SEBI – All Updates ·
The document pertains to a certificate issued by SEBI regarding Arrowlink Chemical Private Limited in relation to illiquid stock options. Specific details about the implications or actions required are not provided in the content. Why it matters: This may indicate regulatory scrutiny on illiquid stock options, which could affect compliance and reporting obligations for finance professionals dealing with such instruments.
RBI
Withdrawal of old series of banknotes issued prior to 2005: Consolidation of instructions
RBI – Notifications · 2026-06-09
The Reserve Bank of India has reiterated its policy regarding the withdrawal of old series banknotes issued prior to 2005, emphasizing that these notes will no longer be accepted for transactions and can only be exchanged at designated RBI Issue Offices. This policy aims to enhance security features in currency circulation. Why it matters: Chartered Accountants and finance professionals must ensure compliance with these regulations to avoid issues in cash transactions and client advisories.
RBI
Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions
RBI – Notifications · 2026-06-09
The Reserve Bank of India has consolidated instructions regarding the withdrawal of ₹2000 denomination banknotes from circulation, which began on May 19, 2023. While the facility for exchange and deposit at bank branches ended on October 7, 2023, it continues at 19 RBI Issue Offices until further notice. The ₹2000 notes remain legal tender. Why it matters: This impacts cash management practices for businesses and financial institutions as they adapt to the withdrawal process.
RBI
Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption of SGB 2019-20 Series VII due on June 10, 2026
RBI – Press Releases · 2026-06-09
The Government of India has announced that the next date for premature redemption of the Sovereign Gold Bond (SGB) 2019-20 Series VII will be June 10, 2026. The redemption price will be ₹15,275 per unit, calculated based on the average closing price of gold over the three business days preceding the redemption date. This allows investors to redeem their bonds after five years from the issue date.