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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

DGFT : Exemption for export of pulses to the Republic of Maldives.

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan   Notification No. 118 (RE-2010)/2009-2014 New Delhi, the 30th May, 2012   Subject: Exemption for export of pulses to the Republic of Maldives.   S.O.(E)       In exercise… Read More

RBI – Uniformity in Risk weight for assets covering PPP and post COD projects

RBI/2011-12/581 DNBS.PD.CC.No.276/03.02.089/2011-12 May 30, 2012 All Infrastructure Finance Companies Uniformity in Risk weight for assets covering PPP and post COD projects The Reserve Bank, vide its notification No.DNBS.233/CGM(US)-2011 dated November 21, 2011 viz; Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued detailed guidelines with regard to regulation of IDF-NBFCs.In terms of the Guidelines,for the purpose… Read More


ICAI's GUIDANCE NOTE ON MAINTENANCE OF COST ACCOUNTING RECORDS PRESS RELEASE, DATED MAY, 2012 CHAPTER 1 INTRODUCTION Section 209(1) (d) of the Companies Act, 1956, incorporated in 1965, is the backbone of statutory cost accounting in the Indian corporate sector. This framework put to practice, through promulgation of Cost Accounting Records Rules by the Government, has… Read More

Finance Act 2012 assented by Honourable President

*FINANCE ACT, 2012  [ACT NO. 23 OF 2012] An Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013. BE it enacted by Parliament in the Sixty-third Year of the Republic of India as follows:” CHAPTER I PRELIMINARY Short title and commencement. 1. (1) This Act may be called… Read More

Tag: Finance Act 2012

Clarification regarding applicability of service tax on specified services under reverse charge method

Circular No. 158/9/ 2012 ST F.No 354/69/2012- TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 146, North Block, New Delhi Dated : 8th May 2012 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax (All) Director General… Read More

Clarification on conversion of balances into INR in EEFC Accounts

RBI/2011-12/564 A.P. (DIR Series) Circular No. 128 May 16, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exchange Earner™s Foreign Currency (EEFC) Account Attention of Authorised Dealer Category I (AD Category I) banks is invited to A.P. (DIR Series) Circular No. 124 dated May 10, 2012 on the captioned subject in terms of… Read More

Bank Finance to NBFCs Predominantly Engaged in lending against Gold

RBI/2011-12/568 DBOD.BP.BC.No. 106/21.04.172/2011-12 May 18, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bank Finance to NBFCs Predominantly Engaged in lending against Gold Please refer to paragraphs 94 to 96 (extract enclosed) of the Monetary Policy Statement 2012-13 announced on April 17, 2012 on ˜Bank Finance to NBFCs Predominantly Engaged in Lending against Gold™… Read More

Public inspection of physical records suspended at Registrar of Companies West Bengal

Public Inspection of Physical records at the Office of the Registrar of Companies, West Bengal shall be discontinued from 1.05.2012 to 31.07.2012 due to Renovation of Record rooms/office. The Inspection of records shall be resuming from 1st Aug 2012. Read More

Notification No. 19/2012 – Amendment in DTAA between India and Japan

Section 90 of the Income-tax Act, 1961 - Double taxation agreement - Agreement for avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign countries - Japan - Amendment in Notification No. GSR 101(E), dated 1-3-1990 Notification No. 19/2012 [F. No. 506/69/81-FTD.1], dated 24-5-2012 Whereas the Convention between the Government of the Republic of… Read More

Stopping of Form I- Cost Audit Report and Form A- Compliance Report

It has been decided by the Ministry of Corporate Affairs to mandate the cost auditors and the companies to file Cost Audit Reports (Form-I) and Compliance Reports (Form-A) for the year 2011-12 onwards (including the overdue reports relating to any previous year) in XBRL mode. Therefore, filing of existing Form I- Cost Audit Report and… Read More

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