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Shantanu eMinds Legal Consulting Pvt Ltd

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 15 years.


Articles by Shantanu

CBEC_Clarification on service tax on remittances

Circular No. 163/ 14/2012 ST F. No. 354/ 119/2012- 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-1, Dated the 10th July 2012. To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise… Read More

CBEC-Seeks to levy definitive anti-dumping duty on import of Soda ash, originating in or exported from People™s Republic of China, European Union, Kenya, Iran, Pakistan, Ukraine and United States of America,

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 34 /2012-Customs (ADD) New Delhi, dated the 3rd July, 2012             G.S.R.    (E). Whereas, in the matter of import of Soda Ash (hereinafter referred to as the subject goods), falling under sub-heading 283620 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter… Read More

Merchant Discount Rates (MDR) structure for debit card transactions

RBI/2012-13/110 DPSS.CO.PD.No. 27/02.14.003 /2012-13 July 04, 2012 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised Card Payment Networks Madam / Dear Sir, Merchant Discount Rates (MDR) structure for debit card transactions Please refer… Read More

RBI-Non-Banking Financial Companies Auditor™s Report (Reserve Bank) Directions, 2008

RBI/2012-13/22 DNBS (PD) CC No.280/03.02.001/2012-13 July 2, 2012 To The Chairman/CEOs of all Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sir, Notification as amended upto June 30, 2012   Non-Banking Financial Companies Auditor™s Report (Reserve Bank) Directions, 2008. As you are aware, in order to have all current instructions on… Read More

RBI-Master Circular – Returns to be submitted by NBFCs

RBI/2012-13/32 DNBS.PD.CC.No.282/03.10.042/20121-13 July 2, 2012 To, All NBFCs (Excluding RNBCs) Dear Sirs, Master Circular - Returns to be submitted by NBFCs In order to have all current instructions in one place, the Reserve Bank of India has issued master circulars to NBFCs on various subjects. It is advised that instructions on various returns to be submitted by… Read More

RBI-Master Circular – Guidelines for Issue of Certificates of Deposit

RBI/2012-13/100 IDMD.PCD. 05/14.01.03/2012-13 July 2, 2012 The Chairmen / Chief Executives of All Scheduled Banks (excluding RRBs and LABs), Primary Dealers (PDs) and All-India Term Lending and Refinancing Institutions Dear Sir/Madam, Master Circular - Guidelines for Issue of Certificates of Deposit With a view to further widening the range of money market instruments and giving… Read More

Master Circular – Guidelines for Issue of Commercial Paper

RBI/2012-13/99 IDMD.PCD. 04/14.01.02/2012-13 July 2, 2012 The Chairmen/Chief Executives of All Scheduled Banks, Primary Dealers and All-India Financial Institutions Dear Sir/Madam, Master Circular - Guidelines for Issue of Commercial Paper Commercial Paper (CP), an unsecured money market instrument issued in the form of a promissory note, was introduced in India in 1990 with a view… Read More

CBEC- Ed. Cess and SH Ed. Cess to continue even after 30.06.2012

Circular No. 160/11/2012-ST, dated 29-6-2012 There has been some doubt regarding the applicability of provisions of the Finance Act, 2004 relating to education cess and the Finance Act, 2007 relating to secondary and higher education cess as the concerned Acts make reference to section 66 of the Finance Act, 1994, which shall cease to have… Read More

MCA-HIGHLIGHTS OF THE COMPANIES BILL, 2011

The salient features of the Bill: 1. Classification and Registration Concept of One Person Company (OPC limited) [Clause 2(62)]. Small companies have been defined (maximum paid-up share capital not exceeding Rs. 50 Lakhs) and have been subjected to a less stringent regulatory  framework [Clause 2(85)]. Entrenchment Provision has been proposed in the Bill [clause 5(3)]. Conversion… Read More

Extension of time in Filing of annual return by Limited Liability Partnerships (LLPs)

Circular No. 15 /2012 Sub: Extension of time in Filing of annual return by Limited Liability Partnerships (LLPs) In continuation of this Ministry™s Circular no 13/2012 dated 06.06.2012 on the subject cited above, it is stated that the time for filing the Annual Return by LLPs (i.e. Form 11) has been extended up to 31st July,… Read More

MCA- Filing of Cost Audit Report (FormI) and Compliance Report (FormA) in the eXtensible Business Reporting Language (XBRL) mode.

52/17/CAB2011 Government of India Ministry of Corporate Affairs Cost Audit Branch ***** ˜B1™ Wing, 2nd Floor,  Paryavaran Bhawan,  CGO Complex, Lodhi Road,  New Delhi 110 003 To, The President, Institute of Cost Accountants of India, 12, Sudder Street, Kolkata 700 016 Subject: Filing of Cost Audit Report (FormI) and Compliance Report (FormA) in the eXtensible Business Reporting Language (XBRL)… Read More

RBI-Maintenance of CRR on Foreign Currency (Non-Resident) [FCNR (B)] Scheme

RBI/2011-12/628 DBOD. No. Ret.BC.113/12.01.001/2011-12 June 29, 2012 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42 of the RBI Act, 1934 Maintenance of CRR on Foreign Currency (Non-Resident) [FCNR (B)] Scheme Please refer to our circulars DBOD No. BC.39/12.01.001/95 dated April 05, 1995 and DBOD No. BC.50/12.01.001/2000-01 dated November 07, 2000 on the captioned… Read More

CBEC-Regarding the extension of Bank Guarantee as an option in respect of duty exemption for Mega/ Ultra mega power projects

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 27th June, 2012 Notification No. 28/2012-Central Excise   G.S.R. 509(E).-In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest… Read More

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