ICAI Advises CAs to Complete Tax Audits and AGMs Early Amid Proposed Bank Strike



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has advised its members to complete statutory and tax audits, as well as Annual General Meetings (AGMs), well in advance. This is due to a proposed nationwide bank strike scheduled from September 28th to 30th, 2026, which coincides with several critical compliance deadlines, including those due on September 30th.

The ICAI Corporate Laws Committee has advised Chartered Accountants to plan statutory and tax audits, AGM-related assignments and other regulatory compliances well in advance as a nationwide bank strike is proposed from September 28 to 30, 2026.

The Institute of Chartered Accountants of India (ICAI), through its Corporate Laws Committee, has issued an advisory dated September 25, 2026, urging members to take timely steps to avoid last-minute difficulties in completing statutory and regulatory compliances amid the proposed nationwide bank strike.

The proposed strike coincides with several important compliance deadlines, including the completion of statutory and tax audits and the holding of Annual General Meetings (AGMs) for companies whose respective due dates fall on September 30, 2026.

ICAI Advises CAs to Complete Tax Audits and AGMs Early Amid Proposed Bank Strike

Official copy of the notification is as follows

ANNOUNCEMENT

Sub: Advisory regarding timely completion of statutory compliances in view of the proposed Bank Strike from 28th to 30th September 2026

As you are already aware, a nationwide bank strike has been proposed from 28th to 30th September 2026 , coinciding with important statutory and regulatory compliance timelines, including the completion of statutory/tax audits and holding of Annual General Meetings (AGMs) for companies whose respective due dates fall on 30th September 2026 . 

In view of the above, members are advised to plan their assignments well in advance and obtain all necessary bank-related information, documents and other required confirmations.

Members may also suitably advise their clients to arrange and provide the requisite banking information and documents at the earliest, so as to avoid any last-minute difficulties and facilitate timely completion of the applicable compliances. 

Members may take note of the above and plan accordingly.

FAQ :

The ICAI has issued an advisory because a nationwide bank strike is proposed from September 28th to 30th, 2026, which could impact timely completion of statutory and regulatory compliances.

Chartered Accountants are advised to complete statutory and tax audits, AGM-related assignments, and other regulatory compliances early.

The proposed nationwide bank strike is scheduled to take place from September 28th to 30th, 2026.

The proposed bank strike coincides with important compliance deadlines, including the completion of statutory/tax audits and holding of Annual General Meetings (AGMs) for companies whose due dates fall on September 30th, 2026.

CAs should plan their assignments well in advance, obtain necessary bank-related information and documents, and advise their clients to provide banking information and documents promptly.




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