Latest news with #IVCA
Economic Times
2 days ago
- Business
- Economic Times
Action to be taken against CAs if they violate new tax audit limit rules: ICAI president
ICAI will penalize CAs violating new tax audit limits from April 2026, aiming to prevent audit assignment concentration. It partnered with IVCA and NSE-IFSC to strengthen alternative capital markets through knowledge sharing and standardization. Additionally, ICAI launched an international ADR center for commercial disputes and initiated certification programs in the US and UK for capacity building. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Services 1. ICAI notifies rules to limit annual tax audits to 60 per partner The Institute of Chartered Accountants of India (ICAI) will initiate penal action against chartered accountants if they violate its new tax audit limit guidelines that would be applicable from April 2026, its president Charanjot Singh Nanda said on Wednesday, calling on accounting firms and partners to abide by the institute on Tuesday notified the guidelines limiting the number of tax audits that an accounting firm partner can take up in a year to 60.'These guidelines are not advisory but mandatory in nature. We won't hesitate to take action against those who violate these,' Nanda told per the extant guidelines, while a single chartered accountant operating on his or her own can undertake up to 60 tax audits in a fiscal year, a partnership firm, as a whole, is allowed to conduct audits up to the combined limit of all its partners. This often results in senior partners using the quota of their junior colleagues after exhausting their own latest ICAI move is aimed at discouraging a concentration of audit assignments with only a few senior partners at accounting firms and curb any anti-competitive audit body on Wednesday joined hands with the Indian Venture and Alternate Capital Association (IVCA) and an arm of National Stock Exchange (NSE) to bolster the country's alternative capital markets key areas of cooperation between the audit body and the IVCA includeSimilarly, the ICAI's areas of cooperation with NSE-IFSC include knowledge sharing and content contributions for educating members and stakeholders and conducting joint events, seminars and workshops on capital market developments and regulatory updates. The MoU with the NSE arm will be valid for two years starting August the ICAI launched on Wednesday an international centre for alternative dispute resolution (ADR) on commercial matters. Arjun Ram Meghwal, minister of state (independent charge) of law & justice, inaugurated the ICAI International ADR Centre, Nanda said, will serve as a 'specialised institutional platform offering structured and time-bound arbitration, mediation, conciliation, and negotiation services that are professionally managed, process-driven, and globally benchmarked.'Nanda also said the apex body of chartered accountants has started a certification programme in the US and will launch another in the UK from August, as part of its capacity building mission.
Time of India
2 days ago
- Business
- Time of India
PE-VC deals in India drop 19% in Jan-June
MUMBAI: Private equity and venture capital funds' bets on India have declined 19% YoY to $26.4 billion in Jan-June 2025 as against $32.4 billion recorded in the same period last year, a report said on Tuesday. The investments were higher when compared with July-Dec 2024 period's $23.8 billion, as per the report by IVCA and EY. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
News18
3 days ago
- Business
- News18
PE/VC investments in India drop 19 pc to USD 26.4 bln in Jan-June
Mumbai, Jul 29 (PTI) Private equity and venture capital funds' bets on India have declined 19 per cent on-year to USD 26.4 billion in January-June 2025 as against USD 32.4 billion recorded in the same period last year, a report said on Tuesday. The investments were higher when compared with the July-December 2024 period's USD 23.8 billion, as per the report by industry lobby grouping IVCA and consultancy firm EY. In terms of number of transactions, 593 deals in January-June 2025 were lower than the 704 in the year-ago period and 649 transactions in the second half of 2024, it said. 'While early signals such as strong GST collections, the recent rate cut by the Reserve Bank of India, and the IPO pipeline are encouraging, the outlook is cautiously optimistic given the concerns on earnings growth and the US-India FTA discussions that are stretching timelines," the consultancy firm's partner Vivek Soni said. He opined that the second half of 2025 could see higher investment activity on better earnings performance by companies and also on culmination of the India-US free trade agreement. Pure-play PE/VC investments excluding the real estate and infrastructure sectors came at USD 18.3 billion, which was 3 per cent lower compared to the USD 18.9 billion in year-ago period, and 13 per cent higher compared to the USD 16.2 billion in July-December 2024. There were 60 large deals of USD 100 million and above during the reporting period, with the USD 1.5 billion buy of New Mountain Capital into Access Healthcare Services being the largest, the report said. The six months saw USD 11.6 billion of exits by such funds, which was almost the same as the year-ago period, but 31 per cent down when compared to the USD 16.8 billion in second half of 2024. PE and VC funds raised USD 8.4 billion across 54 funds during the six months, which was higher both on-year and also from the preceding half of 2024. PTI AA HVA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
16-07-2025
- Business
- Hans India
‘Retail participation in capital market increased significantly'
Mumbai: The Indian market is witnessing remarkable participation from retail investors, with a surge in demat accounts to 19.4 crore in 2025 from 3.6 crore in 2019, a senior Sebi official said on Tuesday. Meanwhile, domestic institutional ownership in listed companies has increased from 13 per cent to 20 per cent, while foreign ownership has declined from 22 per cent to 17 per cent. Speaking at an event organised by IVCA Renewable Energy Summit 2025, Dr. Ruchi Chojer, Executive Director at Sebi, said that trust is the cornerstone of investment, and India has earned that trust. 'At Sebi, our regulatory approach has focused on balancing capital formation with systemic stability and investor protection. Trust is the cornerstone of investment, and India has earned that trust,' she was quoted in a statement issued by IVCA. She shared that retail participation has surged from 3.6 crore demat accounts in 2019 to 19.4 crore in 2025. Highlighting the evolution of capital markets in the country, Chojer said that over the last three decades, India's capital markets have transformed into one of the world's top 10 equity ecosystems-- resilient, inclusive, and increasingly driven by domestic participation. In the last 10 years alone, Indian companies have raised nearly Rs 93 lakh crore through equity and debt, with FY 2024–25 witnessing a record Rs 4.3 lakh crore in equity issuance, including Rs 1.7 lakh crore via IPOs. 'This growth is powered not just by policy and infrastructure, but by deepening investor trust,' she said. Additionally, she spoke aon the importance of capital markets in India's clean energy journey. 'As India undertakes its green transition, the role of capital markets and particularly alternative investment funds (AIFs) will be critical. Financing long-gestation sectors like grid modernisation, storage, and transmission requires patient and risk-tolerant capital. Sebi has already enabled blended finance structures, allowing philanthropic and multilateral capital to invest through junior units in AIFs. This is a vital step in unlocking capital for the energy transition,' she said. Also, she stressed that India's clean energy transition cannot be driven by listed companies alone and AIFs must play a key role in driving ESG adoption among unlisted investee companies, especially as 40 per cent of AIF capital comes from foreign investors who expect alignment with global disclosure standards. 'We are open to proposals for ESG-labelled AIF categories, and we believe well-structured tax incentives can further catalyse investment into sectors with long-term impact and higher risk profiles,' she said. Looking to the future, she noted, 'India will need an estimated USD 250 billion by 2030 to finance renewable energy, storage, and transmission.
Mint
15-07-2025
- Business
- Mint
Retail participation in capital mkt increases; demat accounts surge to 19.4-cr in 2025
Mumbai, The Indian market is witnessing remarkable participation from retail investors, with a surge in demat accounts to 19.4 crore in 2025 from 3.6 crore in 2019, a senior Sebi official said on Tuesday. Meanwhile, domestic institutional ownership in listed companies has increased from 13 per cent to 20 per cent, while foreign ownership has declined from 22 per cent to 17 per cent. Speaking at an event organised by IVCA Renewable Energy Summit 2025, Ruchi Chojer, Executive Director at Sebi, said that trust is the cornerstone of investment, and India has earned that trust. "At Sebi, our regulatory approach has focused on balancing capital formation with systemic stability and investor protection. Trust is the cornerstone of investment, and India has earned that trust," she was quoted in a statement issued by IVCA. She shared that retail participation has surged from 3.6 crore demat accounts in 2019 to 19.4 crore in 2025. Highlighting the evolution of capital markets in the country, Chojer said that over the last three decades, India's capital markets have transformed into one of the world's top 10 equity ecosystems resilient, inclusive, and increasingly driven by domestic participation. In the last 10 years alone, Indian companies have raised nearly ₹ 93 lakh crore through equity and debt, with FY 2024–25 witnessing a record ₹ 4.3 lakh crore in equity issuance, including ₹ 1.7 lakh crore via IPOs. "This growth is powered not just by policy and infrastructure, but by deepening investor trust," she said. Additionally, she spoke on the importance of capital markets in India's clean energy journey. "As India undertakes its green transition, the role of capital markets and particularly alternative investment funds will be critical. Financing long-gestation sectors like grid modernisation, storage, and transmission requires patient and risk-tolerant capital. Sebi has already enabled blended finance structures, allowing philanthropic and multilateral capital to invest through junior units in AIFs. This is a vital step in unlocking capital for the energy transition," she said. Also, she stressed that India's clean energy transition cannot be driven by listed companies alone and AIFs must play a key role in driving ESG adoption among unlisted investee companies, especially as 40 per cent of AIF capital comes from foreign investors who expect alignment with global disclosure standards. "We are open to proposals for ESG-labelled AIF categories, and we believe well-structured tax incentives can further catalyse investment into sectors with long-term impact and higher risk profiles," she said. Looking to the future, she noted, "India will need an estimated USD 250 billion by 2030 to finance renewable energy, storage, and transmission. Sebi remains committed to enabling this transformation by providing regulatory clarity, reducing policy risk, and supporting innovative investment structures. Our goal is to ensure that India's capital markets continue to serve not just as engines of growth, but also as platforms for building a sustainable, future-ready economy.' This article was generated from an automated news agency feed without modifications to text.
