Welcome you to the Fifty sixth edition of DevMantra Times for the month of November 2025. The government is considering amending the Chartered Accountants Act, 1949 to relax advertising restrictions for CA firms, aligning with ICAI's ongoing review of its Code of Ethics. In the financial sector, cross-border deals worth $8 billion underscore rising foreign investor interest, while rural India now accounts for 80% of NBFCs' microfinance portfolios, the highest since 2011.
CAs may soon get to advertise their firms: The Government of India is reportedly considering amendments to the Chartered Accountants Act, 1949, with the objective of relaxing advertising restrictions imposed on Chartered Accountants (CAs) and their firms. The proposed reform seeks to provide greater flexibility in professional communication and visibility.
