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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Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform
RBI/2016-17/86 FMRD.DIRD.08/14.03.007/2016-17 October 20, 2016 All SGL/CSGL Account holders Dear Sir/Madam, Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) market for Government securities with T+2 settlement. 2. As announced in paragraph… Read More
Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy
RBI/2016-17/88 A.P. (DIR Series) Circular No. 6 October 20, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a… Read More
MCA releases new LLP Forms
LLP Forms Form 3 and Form 4 are likely to be revised on MCA21 LLP Forms Download page w.e.f 21st October 2016. Stakeholders are advised to check the latest version before filing Read More
Order under Section 119 of the Income-tax Act, 1961
Central Board of Direct Taxes releases order F.No. 225/195/2016 dated 18th of October, 2016 regarding order under section 119 of the Income-tax Act, 1961 Please click on the below link to download the order: Order under Section 119 of the Income-tax Act, 1961 Read More
Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure
CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2016/113 October 19, 2016 To All Recognised Stock Exchanges, All Recognised Clearing Corporation, All Depositories. Dear Sir / Madam, Subject: Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure 1. SEBI vide circular no. CIR/MRD/DSA/32/2013 dated October 04, 2013 had permitted mutual fund distributors to use recognised stock exchanges' infrastructure to purchase… Read More
Income Tax calculations for the financial year 2016-17
The Ministry of Corporate Affairs has issued Income Tax calculations for the financial year 2016-17 dated 18th October, 2016, please click on the below link to download the Income Tax calculations Income Tax calculations for the financial year 2016-17 Read More
MCA releases new forms of CHG-8, AOC-4 and 20-B
Forms CHG-8, AOC-4 and 20-B are likely to be revised on MCA21 Company Forms Download page w.e.f 22nd OCT 2016. Stakeholders are advised to check the latest version before filing. Read More
GST Implementation Classroom
Bullion as collateral
CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/112 October 14, 2016 To, The Managing Directors / Chief Executive Officers NationalCommodity Derivatives Exchanges Sir / Madam, Sub: Bullion as collateral 1. Vide circular no. CIR/CDMRD/DRMP/01/2015 dated October 01, 2015SEBI had specified comprehensiverisk management framework for national commodity derivatives exchanges including norms on collateral that can be accepted by Exchanges from their members.… Read More
Operating Guidelines for Payments Banks
RBI/2016-17/80 DBR.NBD.No.25/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Payments Banks Madam / Dear Sir, Operating Guidelines for Payments Banks Please refer to the Guidelines for Licensing of Payments Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals/ licences were issued to the applicants for setting up of the payments banks. 2. The… Read More
Revision of interest rates for Small Savings Schemes
RBI/2016-17/82 DGBA.GAD.881/15.02.005/2016-17 October 13, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.13/15.02.005/2016-17 dated July 7, 2016 on the above subject. The Government of India, had… Read More
Income-tax (27th Amendment) Rules, 2016
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th October, 2016 (Income-tax) S.O. 3179(E).—In exercise of the powers conferred by clause (b) of section 13B, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More
Income–tax ( 26th Amendment) Rules, 2016
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th October 2016 S.O. 3160(E).—In exercise of the powers conferred by section 139A and section 285BA, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further… Read More
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