The Sahara Refund Portal has successfully disbursed ₹8,429.42 crore to 39,46,550 depositors of the Sahara Group of Cooperative Societies, ensuring a fully transparent, Aadhaar-linked refund process. This initiative follows the Supreme Court order dated 29 March 2023, which mandated disbursement of funds from the Sahara-SEBI Refund Account under judicial supervision….
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NFRA–IndiaAI Launch AI Challenge for Financial Compliance
In a significant push towards technology-driven regulation, the National Financial Reporting Authority (NFRA), in collaboration with IndiaAI, has launched the IndiaAI Financial Reporting Compliance Challenge. Announced on Tuesday, the challenge invites Indian companies and DPIIT-recognised startups to develop advanced AI-powered solutions capable of analysing complex financial documents and validating them…
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NFRA issues Audit Practice Toolkit to raise audit quality
The National Financial Reporting Authority (NFRA) on 3 November 2025 released an Audit Practice Toolkit aimed specifically at small and medium audit practitioners to strengthen audit planning and documentation. The toolkit focuses first on drafting an audit strategy memorandum that reflects the risk profile of the auditee and can be…