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eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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Articles by eMinds Legal

SEBI amends Foreign Portfolio Regulation 2017

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 20th July, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) (FOURTH AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD-NRO/GN/2017-18/012.—In exercise of the powers conferred by sub-section (1) of section 30 read with sub-section (1) of section 11, clause (ba) of sub-section (2) of section 11 and sub-sections… Read More

Central Government constitutes Haryana Electricity Regulatory Commission

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2017 S.O. 2277(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Haryana Electricity Regulatory Commission’,… Read More

Government has constituted Central Monitoring Committee to monitor the impact of GST

Government has constituted a Central Monitoring Committee headed by the Cabinet Secretary to monitor the impact of GST  The Government of India has setup a Central Monitoring Committee headed by the Cabinet Secretary. Three meetings of the Central Monitoring Committee have been held on 2nd July, 11th July and 18th July. The reports include the… Read More

SBI creates a wholly owned subsidiary for providing real estate services to them

SBI creates a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them.  State Bank of India (SBI) has informed that they have created a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them. The role of the subsidiary is envisaged as… Read More

Government takes initiatives to improve asset quality of banks

Loan growth of banks and initiatives taken by the Government to improve the asset quality of banks   The details on Outstanding Gross Loans & Advances as reported by Scheduled Commercial Banks (SCBs) to Reserve Bank of India (RBI) are as under:-   Bank Group 31 Mar-15 31 Mar-16 31 Mar-17 (Prov.) Public Sector Banks (PSBs)… Read More

Number of Registration of GSTN crosses 77.5 lakhs

Number of Registration of GSTN crosses 77.5 lakhs  Till 18th July 2017, the total number of GSTIN registrations is 77,55,416. No major problems have been reported post Goods and Services Tax (GST) from the field offices across the country Internet is not required for doing / conducting business. It would be required only for the… Read More

Government constitutes a GST Feedback and Action Room (FAR) w.e.f. 26-06-2017

Government constitutes a GST Feedback and Action Room (FAR) w.e.f. 26-06-2017 to review the information, calls, media inputs etc received from Ministries, State Governments, field formations, social media, news channels, emails etc  To reply the queries of the taxpayers and tax officials and to deal with issues related to the implementation of Goods and Services… Read More

Demonitization: undisclosed income detected more than Rs. 5400 crore

Demonitization: From 9th November 2016 to 10th January 2017, more than 1100 searches and surveys were conducted by the ITD; more than more than 5100 verification notices issued; The undisclosed income detected in these actions was more than Rs. 5400 crore.  Disclosure of information regarding law flouters/specific taxpayers is prohibited except as provided under Section… Read More

Centrally Sponsored Schemes -Sunset date for all schemes

Centrally Sponsored Schemes - sunset date for all schemes  There are 28 Centrally Sponsored Schemes running across the country. All 28 Centrally Sponsored Schemes have sunset dates except Mahatma Gandhi National Rural Employment Guarantee Scheme of the Ministry of Rural Development, which is under Mahatma Gandhi Rural Employment Guarantee Act. In para-110 of the Budget… Read More

RBI constitutes monetary policy committee and Regulations to be effective from 1st Aug 2017

RESERVE BANK OF INDIA (CENTRAL OFFICE) (Monetary Policy Department) NOTIFICATION Mumbai, the 14th July, 2017 Reserve Bank of India Monetary Policy Committee and Monetary Policy Process Regulations, 2016 No. M.P.D.P.M.D.No. 17/02.02.015/17-18.—In exercise of the powers conferred by clause (qa), (qb), (qc), (qd) and (qe) of Section 58 of the Reserve Bank of India Act, 1934… Read More

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