Today’s key finance, tax & compliance changes for professionals — what changed and why it matters.
ICAI
CA Final May 2026 Results Likely To Be Declared On June 18 — Here’s How To Check Scorecards Online – NDTV Profit
ICAI (Google News) · 2026-06-16
The Institute of Chartered Accountants of India (ICAI) is expected to declare the results for the CA Final May 2026 examinations on June 18, 2026. Candidates will be able to check their scorecards online through the official ICAI website. This announcement provides clarity on the timeline for results, which is crucial for candidates awaiting their performance evaluation.
Companies Act
Reliance Jio likely to file $4 billion draft IPO papers ‘within days’ before CMD Mukesh Ambani’s AGM speech: Report
Livemint – Companies · 2026-06-17
Reliance Jio is expected to file its draft initial public offering (IPO) papers worth $4 billion shortly, ahead of Chairman Mukesh Ambani’s annual speech. This move is significant as it marks a major step towards Jio’s entry into the public market, which could influence investor sentiment and market dynamics in the telecom sector.
Companies Act
Inflation, supply chain immediate concerns for Indian insurers, says Aon’s Joe Peiser
Livemint – Companies · 2026-06-17
The Indian government has allowed 100% foreign direct investment (FDI) in the insurance sector, which is expected to attract more insurers and enhance coverage in a market that remains significantly under-insured. This move aims to strengthen the insurance landscape in India amidst ongoing concerns about inflation and supply chain issues.
Companies Act
Law firms deepen GIFT City presence as IFSC enters next growth phase
Livemint – Companies · 2026-06-17
Top law firms are expanding their presence in GIFT City as the International Financial Services Centre (IFSC) surpasses $100 billion in banking assets, with fund commitments increasing nearly 60-fold since 2020. This growth indicates a significant shift in the financial landscape within the IFSC, attracting more legal and financial services. Why it matters: This expansion presents opportunities for Chartered Accountants and finance professionals to engage with a growing market and new regulatory frameworks.
Companies Act
If you can’t beat ’em, join ’em: HCLTech charts new AI path with Sarvam stake
Livemint – Companies · 2026-06-17
HCLTech has invested $150 million in a specialized startup, Sarvam, as part of its strategy to address automation challenges and pursue lucrative state contracts. This investment represents a new approach among India’s IT giants to leverage AI technology for business growth.
SEBI
Guidelines for winding up of AIFs with respect to retention of proceeds and ‘Inoperative Fund’ status
SEBI – All Updates ·
SEBI has issued guidelines for the winding up of Alternative Investment Funds (AIFs), focusing on the retention of proceeds and the classification of funds as ‘Inoperative’. These guidelines aim to streamline the process and provide clarity on the treatment of funds during winding up. Why it matters: This will help finance professionals ensure compliance with the new regulations while managing AIFs effectively during the winding-up process.
RBI
Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026
RBI – Notifications · 2026-06-16
The Reserve Bank of India has issued the Third Amendment Directions, 2026, to the Prudential Norms on Capital Adequacy for Non-Banking Financial Companies (NBFCs). This amendment introduces a new provision regarding the risk weight for exposures guaranteed under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. This change aims to enhance the capital adequacy framework for NBFCs. Why it matters: This amendment will impact how NBFCs manage their capital requirements and risk assessments, influencing their lending practices and financial stability.
RBI
Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026
RBI – Notifications · 2026-06-16
The Reserve Bank of India has issued the Sixth Amendment Directions for Small Finance Banks, which introduces a new provision allowing exposures guaranteed under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to attract a risk weight of zero percent for up to 75% of the exposure. This amendment aims to enhance the capital adequacy framework for small finance banks.
RBI
Reserve Bank of India (All India Financial Institutions – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026
RBI – Notifications · 2026-06-16
The Reserve Bank of India has issued the Third Amendment Directions, 2026, to its Prudential Norms on Capital Adequacy for All India Financial Institutions. This amendment introduces a new paragraph that specifies the risk weight for exposures guaranteed under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. This change aims to enhance the capital adequacy framework for financial institutions.
RBI
Reserve Bank of India (Urban Co-operative Banks – Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026
RBI – Notifications · 2026-06-16
The Reserve Bank of India has issued the Urban Co-operative Banks – Prudential Norms on Capital Adequacy Second Amendment Directions, 2026, which introduces a new paragraph regarding the risk weight for exposures guaranteed under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. This amendment aims to enhance the capital adequacy framework for urban co-operative banks. Why it matters: This change will impact how urban co-operative banks manage their capital requirements and risk assessments, affecting their lending capabilities.