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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

India-Netherlands sign agreement on Corporate Governance and Corporate Social Responsibility

The Union Ministry of Corporate Affairs has inked an agreement with the Ministry of Economic Affairs, Agriculture and Innovation of Netherlands on Corporate Governance and Corporate Social Responsibility. The letters of Intent to this effect were signed at a function here by Shri D.K.Mittal, Secretary, Ministry of Corporate Affairs, Government of India and HE Bob… Read More

Central Excise – Notification No.14/ 2011 reg. manufacture of recorded smart cards

[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.14/ 2011 - Central Excise (N.T.) New Delhi, the 3rd June, 2011 G.S.R.(E)  In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules,… Read More

Clarification regarding participation by shareholders or Directors in meetings under the Companies Act, 1956 through electronic mode

General Circular No. 35/2011 No 17/95/2011-CL.V Government of India Ministry of Corporate Affairs 5th floor, ˜A™ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated: 06.06.2011 All the Regional Directors,All the Registrar of Companies/ Official Liquidators Subject: -Green Initiatives in the Corporate Governance -Clarification regarding participation by shareholders or Directors in meetings under the… Read More

Fast Track Exit Scheme to strike off Defunct Companies U/s 560

General Circular No. 36/2011 F. No. 2/3/2011-CL V Government of India Ministry of Corporate Affairs 5th Floor, ˜A™ Wing, Shastri Bhavan, Dr. R.P. Road, New Delhi Dated the 7th June, 2011 To All Regional Director, All Registrars of Companies. Subject: Guidelines for Fast Track Exit mode for defunct companies under section 560 of the Companies… Read More

Revelation of Swiss bank accounts – IS INDIA A POOR COUNTRY?

If black money deposits were an Olympics event.... India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U.S. is not even there in the counting in top five! India has more money in Swiss banks than all the other countries combined! Recently, due to international pressure,… Read More

If AO does not assess income for which reasons were recorded u/s 147, he cannot assess other income u/s 147

Ranbaxy Laboratories Ltd vs. CIT (Delhi High Court) The AO issued a notice u/s 148 for the reason that club fees, gifts and presents and provision for leave encashment had escaped assessment. Pursuant to the assessee™s explanation, the AO accepted that these items had not escaped assessment. However, he passed an order u/s 147 on the ground… Read More

MCA Circular regarding settlement of prosecutions cases against Companies

F.No.3/57/2011-CL.II Government of India Ministry of Corporate Affairs 5th Floor, ˜A™ Wing, Shastri Bhavan,      New Delhi-110001 Dated 03.06.2011 To All Regional Directors, Subject: Settlement of prosecutions cases regarding Sir, While reviewing prosecution cases it was decided to review pending prosecution cases. Ministry of Corporate Affairs has decided following actions to be taken by RDs and… Read More

Company Incorporation within 24 hours in India

Come July and you will be  able to register a  company in India within 24 hours! The Ministry of Corporate Affairs (MCA) has set the target date as first week of July for launching a completely digitized service that will allow anyone with all relevant documents and approvals to complete the process of registering a… Read More

Nation’s manufacturing policy to be out soon: Sharma

Prime Minister Manmohan Singh will chair a ministerial meeting next week on the manufacturing policy which is expected to be unveiled soon. The country's first manufacturing policy would come out soon and the Prime Minister scheduled to hold a meeting in this regard on June 9, Commerce and Industry Minister Anand Sharma said today. The… Read More

Baba Ramdev demands discontinuing Rs. 500 and 1000 currency notes

Amidst demand by Yoga guru Ramdev of banning currency notes of Rs 500 and Rs 1,000, the Reserve Bank today said the decision to demonetise a currency is taken by the government not the regulator. "These decisions (of banning Rs 500 and Rs 1,000 notes) are taken by the government and not the RBI. The… Read More

List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation

RBI/2010-11/557 DBOD. AML.No.18819/14.06.001/2010-11 June 3, 2011 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML No.16832 /14.06.001/2010-11 dated May 2, 2011. We have… Read More

Financing of Self Help Groups and Joint Liability Groups by UCBs

RBI/2010-11/556 UBD.BPD.(PCB)CIR No. 50/13.05.000(B)/2010-11   June 2, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Financing of Self Help Groups (SHGs) and Joint Liability Groups (JLGs) by Primary (Urban) Co-operative Banks (UCBs) As announced in the Monetary Policy 2011-12 [para 100 - appended], with a view to further expanding… Read More

Companies (Cost Accounting Records) Rules, 2011

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART-II, SECTION-3, SUB-SECTION (i)] MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, dated the 3rd June, 2011 G.S.R¦¦¦(E) - In exercise of the powers conferred by clause (b) of sub-section (1) of section 642 read with clause (d) of sub-section (1) of section 209 of the Companies… Read More

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