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eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 12 years.
MCA issues non- XBRL eForms 23AC and 23ACA
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART - II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA; MINISTRY OF CORPORATE AFFAIRS; NOTIFICATION Dated 21 September, 2012. G.S.R.___ (E). - In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central… Read More
Govt. notifies the Cost Inflation Index for the FY 2012-13
CBDT has announced the Long awaited Cost Inflation index for the Financial Year 2012-13 . Cost Inflation index is used to calculate Long term capital gain on sale of Capital assets. Long term capital gain in case of assets other than securities is applicable where holding period of asset is more than 3 years and… Read More
Non- XBRL Companies to file eform 23AC & 23ACA by 15th October, 2012
General Circular No.28/2012; F.No.17/160/2012 CL.V Ministry of Corporate Affairs , Government of India Dated 3rd September, 2012 All the Regional Directors, All the Registrar of Companies. Sub: Filling of Balance Sheet and Profit and Loss Account by companies in Non-XBRL for accounting year commencing on or after 01.04.2011. Reference: General Circular No.21/2012 vide File No.17/160/2012-CL-V dated 02.08.2012 Sir, This… Read More
CLB issues strict norms for notarisation of affidavits
Company Law Board while passing an order in the matter of Shri Rupak Gupta & Others Vs. M/s. Banaras House Pvt. Limited has taken a very serious note of the serious breach of duty by Notaries in the capital while attesting affidavits (like affidavits having blank spaces, non disclosure of the identity of the person… Read More
CBDT- Rules to amend the Income-tax (Dispute Resolution Panel) Rules, 2009
Income-tax (Dispute Resolution Panel)(first amendment) Rules, 2012 - Amendment in Rule 3 Notification No. 33/2012 [F.No.133/13/2012-SO(TPL)]/SO 1967(E), dated 24-8-2012 In exercise of the powers conferred by sub-section (14) of section 144C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules to amend the Income-tax (Dispute… Read More
Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957
CIR/CFD/DIL/11/2012 August 29, 2012 All Stock Exchanges Sub: Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957 1. Please refer to circular Nos. CIR/CFD/DIL/10/2010 and CIR/CFD/DIL/1/2012 dated December 16, 2010 and February 08, 2012 respectively, on the captioned subject. 2. In continuation of the above and with a view to facilitate listed… Read More
Non-resident guarantee for non-fund based facilities entered between two resident entities
RBI/2012-13/179 A. P. (DIR Series) Circular No. 20 August 29, 2012 To All Category-I Authorised Dealer Banks Non-resident guarantee for non-fund based facilities entered between two resident entities Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Notification No. FEMA 29 / 2000-RB dated September 26, 2000 viz. Payment… Read More
Amendment in schedule-I (Imports) of the ITC(HS) Classifications of Export and Import Items, 2009-14,Chapter-90
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 NOTIFICATION NO.15 (RE-2012)/2009-2014; Dated 29th August, 2012 S.O. (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with paragraph… Read More
Amendment in Notification No. 5 dated 02.07.2012 regarding conditions for export of Carpets, Handicraft items and Silk items
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 Notification No. 14 (RE-2012)/2009-2014 Dated, the 28th August, 2012 Subject: Amendment in Notification No. 5 dated 02.07.2012 regarding conditions for export of Carpets, Handicraft items and Silk items.… Read More
Amendment in ITC (HS) 2012 Schedule 1 Import Policy
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 NOTIFICATION NO. 13 (RE-2012)/2009-2014; Dated: 28th August, 2012 Subject : Amendment in ITC (HS) 2012 Schedule 1 Import Policy. S.O. (E): In exercise of powers conferred under section 5 of the Foreign… Read More
SFIO recommends setting up of a central regulatory agency for implementing the Prize Chit and Money Circulation Scheme (Banning) Act, 1978
On the basis of specific complaints received in the Ministry, Regional Directors (RDs) and Registrar of Companies (RoCs) have been directed to Scrutinize the Balance Sheets and Inspect the books of accounts and other records under sections 234 and 209A respectively of the Companies Act, 1956 in respect of 87 companies, alleged to be carrying… Read More
Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India
General Circular no. 26/2012; No.11/08/2012-CL.V Government of India; Ministry of Corporate Affairs™ Dated: 23rd August, 2012 OFFICE MEMORANDUM Subject:- Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India. The undersigned is directed to state as under:- 1. The report of The World Bank and the International Finance Corporation, entitled Doing… Read More
Union Minister of Commerce, Industry and Textiles Shri Anand Sharma to meet Chinese Commerce Minister Mr. Chen Deming for the 9th session of India-China Joint Economic Group
The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma, will meet Chinese Commerce Minister Mr. Chen Deming here on Monday for the 9th session of India-China Joint Economic Group (JEG). The Indian side led by Minister Shri Sharma is likely to raise the issue of growing trade deficit. The issues related to market… Read More
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