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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Form MGT-7 and GNL-2, IEPF-5 likely to be revised
Form MGT-7 and GNL-2 are likely to be revised on MCA21 Company Forms Download page w.e.f 9th FEB 2017. Stakeholders are advised to check the latest version before filing. Form IEPF-5 is likely to be revised on MCA21 IEPF Forms Download page w.e.f 9th FEB 2017. Stakeholders are advised to check the latest version… Read More
Regulating Online Sale of Medicines _Ministry of Health and Family Welfare
Ministry of Health and Family Welfare Regulating Online Sale of Medicines A Sub-Committee had been constituted by the Drugs Consultative Committee (DCC) to examine issues relating to online sale of drugs. The Sub-Committee has submitted its report to the Drugs Consultative Committee. The Sub-Committee has inter-alia recommended:- • Creation of a National Portal to act… Read More
Companies Act 2013 – Recent Developments
EPFO Circular on responsibility of Principal Employer for deposit of PF of contracted employee
Employees’ Provident Fund Organisation (Ministry of Labour, Govt. Of India) Head Office Bhavishya Nidhi Bhawan, 14- Bhikaiji Cama Place, New Delhi – 110066 (CENTRAL ANALYSIS & INTELLIGENCE UNIT) No.CAIU/011(33)2015/HQ/Vol.II/28445 … Read More
Union Budget 2017 Highlights – Live from FM’s speech
Macro Economic Forex Reserves at healthy 361 b $ representing 12 months of imports IMF GDP growth forecast at 7.2% in 2017 and 7.7% in 2018 Demo and GST to have an affirmative impact in the long term 3 Changes for this Budget Budget date advanced to 1st Feb to enable approval of the Bill… Read More
Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante
RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 January 30, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks, Regional Rural Banks / Urban Co-operative Banks, State Co-operative Banks / District Central Co-operative Banks Dear Sir/Madam, Limits on Cash withdrawals from Bank accounts and ATMs - Restoration… Read More
Companies (Incorporation) Amendment Rules, 2017
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 25 th January, 2017 G.S.R (E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central… Read More
FAQs on Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of ₹ 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on January 24, 2017)
Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of ₹ 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on January 24, 2017) 1. Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of… Read More
Employees’ State Insurance (Central) Amendment Rules, 2017
MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 20th January, 2017 G.S.R. 62(E).—Whereas draft rules further to amend the Employees’ State Insurance (Central) Rules, 1950 were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) vide number G.S.R. 958(E), dated the 6th October, 2016, as required under sub-section (1) of section… Read More
CBDT issues Guiding Principles for determination of Place of Effective Management (POEM) of a Company
Ministry of Finance The concept of Place of Effective Management (POEM) for deciding the Residential Status of a company was introduced by the Finance Act, 2015. It is effective from 01.04.2016 and accordingly shall apply from assessment year 2017-18 onwards. The guidelines for determining the POEM has been uploaded on website of the Income-tax Department… Read More
Ministry of Labour and Employment notifies Minimum rates of wages for Scheduled Industry.
MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 19th January, 2017 S.O. 186(E).—Whereas the draft proposal to revise the minimum rates of wages per day payable to the Schedule mentioned categories of employees engaged in the employment of Agriculture was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii),… Read More
BIS issues order for Energy Efficient Induction Motors
MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion) ORDER New Delhi, the 18th January, 2017 S.O. 178(E).—In exercise of the powers conferred by section 14 of the Bureau of Indian Standards Act, 1986 (63 of 1986), the Central Government, after consulting the Bureau of Indian Standards, is of the opinion that it… Read More
eForm INC-32(SPICe) to be revised w.e.f 21st January 2017
As part of the Ministry’s efforts towards providing greater Ease of Doing Business to stakeholders, Form SPICe (INC-32) will be revised w.e.f 21 January 2017 so as to include the functionality of applying for Company PAN and first TAN (allotted by Income Tax Deptt) in the Incorporation for itself. Applying for PAN / TAN will… Read More
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