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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

ICSI organises International Corporate Governance Day

15 April 2016 CHIEF OF BUREAU PRESS RELEASE ICSI organises International Corporate Governance Day -Corporate Governance to play vital role in ‘Ease of doing Business’ - New Delhi, Friday, 15th April 2016: In order to have an effective system of rules, practices and processes by which a corporate is directed and controlled, The Institute of… Read More

Extension of due date of DVAT return filing till 16/05/2016 for Q4 15-16

DVAT: Team Sales Tax Bar Association met VATCOM, he assured extension of return filing due date till 16/05/2016 for Q4 15-16. Further assured ITEM NAME AND ITEM CODE to be optional for Q4 15-16. DIGITAL SIGNATURE also made optional for Q4 (All dealers). Circulars to follow soon. Extension of due date of return filing till 16/05/2016 for… Read More

Due date for filing of Service Tax return for the period October-March, 2015-2016 extended from 25th to 29th April, 2016

Due date for filing of Service Tax return for the period October-March, 2015-2016 has been extended from 25th to 29th April, 2016   Read More

Disclosure of Proprietary Trading by Commodity Derivatives Broker to Client and “Pro – account” Trading terminal

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/49 April 25, 2016 To, The Managing Directors / Chief Executive Officers of All Commodity Derivatives Exchanges and their members Dear Sir / Madam, Sub: Disclosure of Proprietary Trading by Commodity Derivatives Broker to Client and “Pro - account” Trading terminal 1. In order to increase the transparency in the dealings between the stock… Read More

Concessions to startups regarding Labour Laws

In order to promote the Start-Up ecosystem in the country and incentivizing the entrepreneurs in setting up new start-up ventures and thus catalyze the creation of employment opportunities through them, the Ministry of Labour & Employment has issued an advisory to the States/UTs/Central Labour Enforcement Agencies for a compliance regime based on self-certification and regulating… Read More

Labour Reforms

Reforms in labour laws are an ongoing process to update legislative system to address the need of the hour and to make them more effective and contemporary to the emerging economic and industrial scenario. The Second National Commission on Labour has recommended that the existing Labour Laws should be broadly grouped into four or five… Read More

Guidance Note on the Companies (Auditor’s Report) Order, 2016

The Ministry of Corporate Affairs has issued the Companies (Auditor’s Report) Order, 2016 (CARO 2016) which is applicable for audits of financial statements for periods beginning on or after April 1, 2015. The CARO 2016 contains several new reporting requirements which were not there in the earlier Orders i.e, CARO 2003 and CARO 2015. An… Read More

New Version of Forms INC-1, INC-7, DIR-3, MGT-6, FC-4 available on MCA21

Forms INC-1, INC-7, DIR-3, MGT-6, FC-4 were recently updated on MCA21 Company Forms page. Stakeholders are requested to check the latest version before filing. Read More

Foreign Investment in units by SEBI regulations

RBI/2015-16/377 A.P. (DIR Series) Circular No. 63 April 21, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Foreign Investment in units issued by Real Estate Investment Trusts, Infrastructure Investment Trusts and Alternative Investment Funds governed by SEBI regulations Attention of Authorised Dealers Category – I (AD Category - I) banks is invited… Read More

Procedure of Buy Back of Equity Shares in Pvt Ltd

Section 68, 69 & 70 of the Companies Act, 2013 Funds to be used: 1)      Free Reserves 2)      Securities Premium 3)      Proceeds that are generated out of issue of any shares or other specified securities Separate bank Account: 1)      Company need to open a separate bank account for the purchase of shares 2)      Amount can be paid only in cash… Read More

Rate of exchange of conversion of the foreign currency with effect from 22nd April, 2016

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.48/2016-CUSTOMS (N.T.), dated 07th  April, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of… Read More

Infrastructure Debt Funds (IDFs)

RBI/2015-16/381 DNBR(PD).CC.No. 079/03.10.001/2015-16 April 21, 2016 All Infrastructure Debt Fund- Non-Banking Financial Companies (IDF-NBFCs) Madam/ Sir, Infrastructure Debt Funds (IDFs) Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued vide Notification No.DNBS.233/CGM(US)-2011 dated November 21, 2011 (the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to sponsor IDFs… Read More

Unsecured Exposure Norms for UCBs – Relaxation

RBI/2015-16/380 DCBR.CO.BPD. (PCB). No.15/13.05.000/2015-16 Vaishakha 01, 1938 April 21, 2016 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Unsecured Exposure Norms for UCBs – Relaxation Please refer to our circulars UBD.BPD. (PCB) Cir No.45/13.05.000/2012-13 dated April 03, 2013 and UBD. CO. BPD. (PCB) Cir. No.29/13.05.000/2013-14 dated October 10, 2013 on the captioned… Read More

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