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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

DEPB withdrawal to hurt Exports : CII

Lobbying hard for continuation of DEPB, industry body CII today said the termination of export incentive scheme will hurt exports in the absence of an alternative plan to neutralise local taxes on overseas shipments. "Export margins are in single digit 6-7 per cent. It is a volume game," CII Chairman on National Committee on Exports… Read More

Tag: DEPB Scheme

RBI asks banks to reimburse failed ATM transactions in 7 days

The Reserve Bank today directed banks to reimburse customers for amounts wrongfully debited from their accounts in failed ATM transactions within seven days of an account holder's complaint or else pay a Rs 100 per day compensation. "The time limit for resolution of customer complaints by the issuing banks shall stand reduced from 12 working… Read More

RBI liberalises Overseas Direct Investments Regulations

In order to encourage Indian companies to expand their global footprint and showcase entrepreneurial skills, the Reserve Bank today relaxed norms for overseas direct investments. The regulations relating to overseas direct investments, RBI said in a circular, are being liberalised "with a view to providing more operational flexibility to Indian corporates having investments abroad". The… Read More

Tag: Overseas Direct Investment

Tyre Manufacturer’s Association picth for DEPB scheme extension

Automotive Tyre Manufacturers' Association (ATMA) today said it has requested the government to extend the Duty Entitlement Passbook (DEPB) scheme beyond its deadline on June 30, 2011, to continue availing tax benefits for exports. In a letter written to the Commerce and Industry Minister Anand Sharma, ATMA Chairman Neeraj Kanwar said the domestic industry is… Read More

Tag: DEPB Scheme

Indian Retail Sector – Primitive

Describing the Indian retail sector as "primitive", the panel on inflation today suggested that foreign investments in the multi-brand retail should be allowed at the earliest to check rising prices. "India's retail sector continues to be primitive...Its time for India to allow FDI in multi-product retail and IMG recommends that the government consider this at… Read More

Tag: fdi in multi brand retail

State-of-the-Art New Wing of ESIC Model Hospital for Workers at Noida inaugarated

Shri P. C. Chaturvedi Secretary of Labour & Employment Inaugurates State-of-the-Art New Wing of ESIC Model Hospital for Workers at Noida (U.P.) Shri Prabhat C. Chaturvedi, Secretary, Ministry of Labour & Employment, Govt. of India inaugurated the 300 bedded State-of-the-art New Building Wing of ESIC Model Hospital at Noida (U.P.) today. The ESI Corporation is… Read More

Tag: ESIC

National Consumer Helpline Receives 10,170 Complaints in April

The National Consumer Helpline (NCH) received 10,170 calls during April 2011 for redressal of consumer complaints. In addition of these calls, 639 complaints were also received through online complaint system on NCH website. The maximum calls were received from Delhi followed by Uttar Pradesh,Maharashtra, Rajasthan and Haryana. Break-up of calls in respect of top five States during March 2011… Read More

Tags: Consumer Protection ActNational Consumer Helpline

Modification in the instruction regarding payment of MCA fees in Electronic Mode

The Ministry of Corporate Affairs has instructed that from Monday next, i.e. May 29th, 2011 the payment of less than Rs. 50,000/- through electronic mode will be permissible in the Investor Education and Protection Fund through Pay Misc. Fee functionality. This facility will also be admissible for user having category as Official Liquidator (OL) office,… Read More

Interests of LDC be Accorded Priority & Efforts to be made to Fast Track Negotiations

The Commerce and Industry Minister Shri Anand Sharma, visited Paris from 24-26 May to address the OECD ministerial meeting. During his visit he also participated in an infiormal meeting of trade ministers convened by Australia to take stock of progress of negotiations in WTO. He expressed satisfaction with the meeting , which was convened in… Read More

Tag: Ministry of Commerce

Bonus benefit to silk carpets under ITC HS code 57019090 and drawback code 570102

To be published in the Gazette of India Extraordinary Part -I, Section-1) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade   Public Notice No.50 (RE-2010)/ 2009-14 New Delhi, the 27th May, 2011 Subject: Bonus benefit to silk carpets under ITC HS code 57019090 and drawback code 570102… Read More

Tag: Foreign Trade Policy

Review of Guidelines on entry of NBFCs into Insurance Business

RBI/2010-11/540 DNBS.PD.CC.No. 221/03.02.002/2010-11 May 27, 2011 All NBFCs Dear sir, Review of Guidelines on entry of NBFCs into Insurance Business Please refer to the circular DNBS.(PD).CC.No.13/02.01/99-2000 dated June 30, 2000 issued on Amendment to NBFC Regulations which contains the Guidelines for entry of NBFCs into Insurance Business. In terms of para 2 of the above guidelines,… Read More

Tag: NBFC

Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September) for export to EU under CXL Quota

To be published in the Gazette of India Extraordinary Part-I, Section-I Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 49 (RE-2011)/2009-2014 New Delhi, Dated the  25th May, 2011   Sub:  Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September)… Read More

Tag: DGFT

Amendment to Principal Notification No. 51/2008-Customs, dt 21st Apr, 2008

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   Notification No. 42 /2011-Customs New Delhi dated the 25th May, 2011 G.S.R.    (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More

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