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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

Registration as Public Trust not necessary for s. 12A Charity registration

The assessee, a company registered under s. 25 of the Companies Act applied for registration as a charitable institution u/s 12A of the I. T. Act. The Director (Exemptions), relying on Bhraman Madhav Murthi Mandal vs Joint Charity Commissioner 43 Comp Cas 361 (Bom), rejected the application on the ground that registration with the Charity Commissioner was… Read More

No need to make tax evasion criminal offence

The government can do without making tax evasion a criminal offence as the existing income tax laws, which provide for rigorous imprisonment up to seven years for wilful default, has not been used effectively to unearth black money, say experts. "One can be jailed for seven years (rigorous imprisonment) for wilful evasion of tax (above… Read More

Adopting tax System and International tax Rules to the New Global Environment: A Shared Challenge for India and the OECD

Finance Minister to Inaugurate Two Day High Level International Seminar on Adopting tax System and International tax Rules to the New Global Environment: A Shared Challenge for India and the OECD tomorrow Union Finance Minister Shri Pranab Mukherjee will inaugurate two day high level International Seminar on Adopting Tax System and International Tax Rules to… Read More

COSIA pitches for extension of DEPB Scheme for another 3 years

The Chamber of Small Industries Association (COSIA) has requested the Centre to extend the the Duty Entitled Pass Book (DEPB), a tax refund scheme for exporters, for another three years. In a press release issued here, President of the city-headquartered COSIA M R Khambete said the renewal of the DEPB is absolutely essential to meet… Read More

Tags: COSIADEPB Scheme

Mobile Payment System is the need of the day : ASSOCHAM

Associated Chambers of Commerce (ASSOCHAM) today said innovative mobile payment system which has mass appeal is required for non-cash payment modes. "The need of the hour is to develop an innovative mobile payment system which is customised to the Indian ecosystem requirements and has a mass appeal," ASSOCHAM Communications Convergence Committee Chairman T V Ramachandran… Read More

PM and judiciary should be within the ambit of Lokpal bill : Narayana Murthy

Software icon N R Narayana Murthy today backed Anna Hazare's movement against corruption and favoured the Prime Minister and the judiciary coming under the ambit of the Lokpal bill. The Chairman and Chief Mentor of Infosys also supported the people taking to streets demanding an end to corruption. "I think in a democracy, pluralism is… Read More

Tag: lokpal bill

73,000 villages to have banking facilities by 2012 : FM

Union Finance Minister Pranab Mukherjee today said 73,000 villages in the country would have banking facility by next year. "By March 31, 2012, banking facility will be available in 73,000 villages across the country going by the current pace of work," Mukherjee said after inaugurating a Punjab National Bank (PNB) branch at Talai under Raghunathganj… Read More

Ramdev’s illness is due to “other reasons” – Lalu Prasad

Taking potshots at Ramdev, RJD chief Lalu Prasad today said that his illness was not due to fast but for "other reasons" like probe into financial transactions of his Trust. Cautioning Ramdev against falling prey to the "designs of RSS and BJP, Prasad said if Ramdev wants to join politics he should do it as… Read More

Suggestions invited on the Mines (Amendment) Bill,2011

Hon™ble Speaker, Lok Sabha has referred ˜The Mines (Amendment) Bill, 2011™ as introduced in Rajya Sabha to the Standing Committee on Labour for examination and Report. Considering the wider implications of the proposed amendment and the deeper concern of safety and security of mine workers, the Standing Committee on Labour under the Chairmanship of Shri… Read More

Government Notifies the Collection of Statistics Rules, 2011 Under the Collection of Statistics Act, 2008

The Collection of Statistics Act, 2008 was enacted by the Parliament on 7th January 2009. It was brought into force on 11th June 2010. The Act repealed the Collection of Statistics Act, 1953. Rules under the Act, namely, the Collection of Statistics Rules, 2011 were notified on 16th May 2011. Some of the salient features… Read More

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