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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

ICAI notifies Information Systems Audit (ISA) Course Assessment Test

No.13-CA(EXAM)/ISA/J/2011: - In pursuance of Rule 7 of Schedule ˜F™ to Regulation 204 of theChartered Accountants Regulations, 1988 (as amended vide Notification No. 1 -CA(7)/59/2001dated 28th September 2001), the Council of the Institute of Chartered Accountants of India ispleased to notify that the Information Systems Audit (ISA) Course Assessment Test will be heldon 18th June… Read More

Tag: ICAI

Deemed Export Benefit Scheme Tightened

After detecting several cases of misuse of incentives, the Commerce Ministry has tightened the norms governing the Deemed Export benefit scheme, a move expected to save about Rs 1,800 crore to the exchequer annually. It has been decided that the deemed exports would not be available if the bill of entry is in the name… Read More

Tag: Deemed Exports

Restrictions on Mutual Funds to pay Commissions to Distributors to continue

New Sebi chief UK Sinha said he does not intend to reverse rules put in place by his predecessor, by CB Bhave, that restricted the ability of mutual funds to pay commissions to distributors. Indian fund houses, which manage equity and debt schemes with a corpus of over Rs 7,000,00 crore, were hopingfor change in policies… Read More

FICCI to suggest impact of GST on Aviation Sector

A Ficci committee today said it will suggest ideas to the aviation industry on how the proposed Goods & Services Tax (GST) would affect them, along with other recommendations to give the sector a boost. The Ficci Civil Aviation Committee has also set for itself a wide-ranging agenda to give the civil aviation industry a… Read More

Tag: Aviation sector

SC orders Status Quo on the Ground Handling Dispute at 6 Airports

According to the new regime, drafted in 2007, and postponed two times, private airlines were not allowed to do ground handling through outsourcing. They were asked to do the job through government-approved agencies. The new rules covered mainly the six metros ” Delhi, Mumbai, Bangalore, Hyderabad, Kolkata and Chennai. At present each airline has its… Read More

How relevant is Union minister™s personal discomfort to a National Policy decision?

While according the Environmental Clearance to the Posco project, Union Environment Minister Jairam Ramesh added that he was deeply uncomfortable with the project because the original memorandum of understanding (MoU), which has now expired, had provisions for the export of iron ore. Mr Ramesh then declared that he now expects that the revised MoU between Posco… Read More

Show Cause Notice served on Anna Hazare, Withdrawn

The office of Charity Commissioner, Pune, has tendered an apology to social activist Anna Hazare and withdrew a 'showcause' notice served on him for not submitting the audit report of 'Hind Swaraj Trust' headed by him for two years between 2005 and 2007. In a letter addressed to Hazare, it said the notice was "wrongly… Read More

Tag: Anna Hazare

Minimum Fees to be charged by Chartered Accountants – Recommended

The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI (CCBCAF & SMP) has taken a major initiative for prescribing the Minimum Recommended Scale of Fees for the professional assignments done by our members of ICAI. The recommendation is about the fee to be charged as per the work performed for… Read More

Tags: ICAIMinimum fees to be charged

Income Tax Department issues 40 lacs refunds worth 25,000 crores..and more

The Income Tax (I-T) department has issued 40 lakh refunds worth Rs 25,000 crore in the current financial year to taxpayers and orders have been issued to generate the remaining few lakhs soon. Central Board of Direct Taxes (CBDT) Chairman Sudhir Chandra gave the figures while addressing the top brass and officials of the I-T… Read More

Tag: Income Tax Refunds

Salient Features of FCRA, 2010 Comes into Effect from May 1, 2011

The Foreign Contribution (Regulation) Act, 2010 has come into effect from May 1, 2011. The Ministry of Home Affairs has issued the necessary Gazette Notification vide S.O. 999 (E) dated the 29th April, 2011 in this regard. The Ministry of Home Affairs has also issued a Gazette Notification vide G.S.R. 349 (E) dated the 29th… Read More

Tag: fcra

No Conflict Between the Objectives Of High Growth and Low Inflation: RBI

Third Meeting of Inter Ministerial Group (IMG) on Inflation Held ; no Conflict Between the Objectives Of High Growth and Low Inflation in Long Run: Says RBI Governor A meeting of the Inter-Ministerial Group (IMG) on inflation was held today under the Chairmanship of Dr Kaushik Basu, Chief Economic Advisor, Ministry of Finance. The IMG was set-up at the… Read More

Finmin Initiates Public Debate on Negative list for Taxation of Services

Ministry of Finance has initiated a public debate on the issue of a negative list for taxation of services as announced by the Finance Minister, Shri Pranab Mukherjee in his Budget 2011. The text of the speech is as below: Many experts have argued that it will be desirable to tax services based on a… Read More

Services provided by Subcontractors / Consultants chargeable to Service Tax

Circular No. 138/07/2011 Service Tax F. No. 137/57/2011 Service Tax Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) **** New Delhi, the May 2011 To Chief Commissioners of Central Excise & Customs (All) Chief Commissioners of Central Excise (All) Director General of Central Excise Intelligence Director General of… Read More

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