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eMinds Legal Advocates & Solicitors

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

Parkash Chandra is the new CBDT Chairman

No.402/92/2006-MC (11 of 2011) Government of India / Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi dated the 31st May, 2011 Shri Paraksh Chandra, an IRS (IT) officer of the 1973 batch, took over as Chairman of the Central Board of Direct Taxes (CBDT) today afternoon. He will also continue to look after… Read More

Customs Tariff Notification : New rates for Brass Scrap and Poppy seeds

[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 37/2011 Customs (N. T.) New Delhi, 31st May, 2011 10 Jyaistha, 1933 (SAKA) S. O¦ (E) In exercise of the powers conferred by sub-section (2)… Read More

Tag: Customs Tariff Notification

Revision in the powers of adjudication of the officers of Customs

Circular No.24/2011-Customs   F.No.450/117/2009-Cus.IV Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 227-B, North Block, New Delhi-110001 31st May, 2011. To   All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of… Read More

Corrigendum to Notification SO 479(E) dated 04 March, 2011

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRA ORDINARY PART II, SECTION 3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS New Delhi, the 30th May, 2011 CORRIGENDUM SO.___ In the notification of the Government of India in the Ministry of Corporate Affairs, published in the Gazette of India, Extraordinary, Part II,… Read More

Tag: Competition Commission

CCI: Penalty for making false statement or omission to furnish material information

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRA ORDINARY PART ii, SECTION 3, SUB SECTION (II) GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS New Delhi, the 30th May, 2011 NOTIFICATION SO.___ In exercise of the powers conferred by sub-section (3) of section 1 of the Competiotion Act, 2002 (12 of 2003), the Central Government… Read More

Tags: Combination RegulationsCompetition Commission

Power of CCI to impose penalty for non-furnishing of information on combinations

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRA ORDINARY PART ii, SECTION 3, SUB SECTION (II) GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS New Delhi, the 30th May, 2011 NOTIFICATION SO.___ In exercise of the powers conferred by sub-section (3) of section 1 of the Competiotion Act, 2002 (12 of 2003), the Central Government… Read More

Tags: Combination RegulationsCompetition Commission

Draft Rules in respect of unlisted public companies for preferential allotment /private placement

F.No. 12/13/2011-Legal Government of India Ministry of Corporate Affaris 51h Floor. A Wing, Shastri Rhawan, Dr. R.P. Road, New Delhi ” 110001 Dated 24.05.2011 To All the Regional Directors, All the Registrar of Companies/ Official Liquidators All stakeholders Sub : New Rules in respect of unlisted public companies preferential allotment /private placement Sir, Ministry is considering… Read More

Depreciation for the purpose of declaration of Dividend U/s 205 for Electricity Cos.

General Circular No: _31__ /2011 No: 51/23/2011-CL-III Government of IndiaMinistry of Corporate Affairs 5th floor, `A' Wing, Shastri Bhavan, Dr. R.P. Road, New Delhi-110 001. Dated: 31st May, 2011 To, All Regional Directors, All Registrars of Companies Subject: Depreciation for the purpose of declaration of Dividend under Section 205 in case of companies referred to… Read More

Lokpal Bill meets with hurdles

The Joint Drafting Committee on the Lokpal Bill on Monday for the first time got bogged down by contentious issues, with the UPA government opposing scrutiny of the Prime Minister, the higher judiciary and acts of MPs inside Parliament by the Lokpal and, as a way out, embarking on wider consultations. Both Union Minister for… Read More

Tags: Anna Hazareanti-graft lawlokpal bill

CCI issues show cause order to NSE

The competition watchdog, CCI™s order last week confirming National Stock Exchange™s long-spell of predatory pricing in the currency futures segment, dissected and refuted the market institution™s argument that its intent was not to kill competition but to develop a nascent market. Opposing NSE™s arguments, the Competition Commission of India (CCI) asserted that NSE did not… Read More

Tag: Competition Commission

SEBI begins probe for fake bids in IPO

Sebi has begun a probe into possible use of fake bids for artificially pushing up the subscription levels in numerous IPOs over past few years, with a modus-operandi similar to that in Vaswani Industries case. After halting Vaswani Industries' listing earlier this month on suspicion of irregularities in its IPO bidding, the market watchdog last… Read More

HC asks PNB to release security worth 1000 crores

The Delhi High Court has come down heavily on Punjab National Bank for its "arm twisting" tactics of not releasing Rs 1,000 crore loan-securities to real estate major DLF Ltd for alleged default in paying pre- payment charges of Rs 20 crore. While directing the bank to release the securities, the court also quashed the… Read More

FDI in Services declines in 2010-11

Foreign direct investment (FDI) in India's services sector, which contribute over 50 per cent in the country's economic growth, declined by 22.5 per cent to USD 3.4 billion in 2010-11, according to the industry ministry's latest data. The services sector (financial and non-financial services) had attracted FDI worth USD 4.39 billion during 2009-10. According to… Read More

Tag: FDI in Services

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