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Accounting And Audit 6 August 2026

India Business Updates

Recent changes in corporate laws and tax audit regulations in India have been introduced, with the Corporate Laws Amendment Bill 2026 aiming to reform the Companies Act and improve ease of business. Meanwhile, various companies such as Kirloskar Ferrous Industries and Quasar India have seen changes in their statutory auditors, with some resigning due to term completion or fee disputes.

Recent updates in Indian business laws and regulations include the introduction of the Corporate Laws Amendment Bill 2026, which aims to reform the Companies Act and improve ease of business.
- Key changes include reforms to the Companies Act, changes to Limited Liability Partnerships, and updates to audit and compliance regulations.
Some companies have seen changes in their statutory auditors, such as Kirloskar Ferrous Industries, which has rotated its auditor after ten years, and Quasar India, which has accepted the resignation of its internal auditor.
Tax audit seasons are also underway, with businesses and professionals required to file their tax returns and undergo audits if necessary.
For more information, please refer to the original source articles.

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