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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NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars
RBI/2015-16/337 DPSS.CO.EPPD No.2157/04.03.01/2015-16 March 17, 2016 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars We invite reference to Para 7 of circular DPSS.CO.EPPD No.1583/04.03.01/2013-14 dated January 21, 2014 on the captioned subject wherein banks were… Read More
The Companies (Amendment) Bill, 2016 as introduced in Lok Sabha on March 16, 2016
The bill to further amend the Companies Act, 2013 has been introduced in Lok Sabha today i.e. March 16, 2016 by Hon'ble Union Minister Shri Arun Jaitley. To Download complete Companies Amendment Bill, 2016, please click on the link below: Companies Amendment Bill, 2016 Read More
The Companies (Amendment) Bill, 2016 introduced in Loksabaha
The bill to further amend the Companies Act, 2013 has been introduced in Lok Sabha today i.e. March 16, 2016 by Hon'ble Union Minister Shri Arun Jaitley. Please watch this space for the copy of the bill soon. Read More
Relaxation Under Section 42 of Companies Act
Companies Law Committee (CLC) constituted by Government to look into issues arising out of implementation of Companies Act, 2013 has in its report made recommendations to ease private placement procedures laid down under Section 42 of the Companies Act, 2013. Simplified procedures are recommended for all private placements irrespective of the type of company. The… Read More
CSR Activities by Corporate Houses
Corporate Social Responsibility (CSR) provision of the Companies Act, 2013 came into force from 1stApril, 2014. The year 2014-15 was the first year of implementation of CSR by companies under the legislation. During this year, a total of 460 listed companies which have placed annual CSR returns on their websites, have spent about Rs. 6337… Read More
Rules in respect of Fund Manager Regime under Section 9A of the Income-tax Act, 1961
Section 9A of the Income-tax Act, 1961 (the Act) provides for special taxation regime with effect from 01.04.2016 to facilitate location of fund managers of off shore funds in India. Under this regime, the fund management activity carried-out through an eligible fund manager in India by an eligible investment fund does not constitute business connection… Read More
Impact of ‘make In India’ Programme
The Prime Minister of India launched the “Make in India” global initiative on 25th September 2014. ‘Make in India’ initiative aims at promoting India as an important investment destination and a global hub for manufacturing design and innovation, to invite both domestic and foreign investors to invest in India. The initiative is aimed at creating… Read More
FDI in E-Commerce
Enforcement Directorate conducts investigations under the Foreign Exchange Management Act, 1999 (FEMA) for possible contravention of FDI norms/ policy by various entities as and when any credible information is received in this regard. Based on the outcome of the investigation, appropriate action under the provision of FEMA is taken in such cases. With a view… Read More
India Aviation’ 2016 resonates well with our policy initiatives of ‘Make in India’
‘India Aviation’ 2016 resonates well with our policy initiatives of ‘Make in India’, ‘Stand up India’ and ‘Start up India’, says President The President of India, Shri Pranab Mukherjee inaugurated the 5thEdition of ‘India Aviation’ today (March 16, 2016) at Hyderabad. Speaking on the occasion, the President said India is at the threshold of taking… Read More
Banks Holiday List for March, 2016
March 2016 4 7 22 23 24 25 Agartala Ahmedabad • • Aizawl • • Belapur • • • Bengaluru • • Bhopal • • Bhubaneswar • • • Chandigarh • • • Chennai • Dehradun • • • • Gangtok • • Guwahati • • Hyderabad • • Imphal • • Jaipur • Jammu… Read More
Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default
CIRCULAR CIR/IMD/FPIC/39/2016 March 15, 2016 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. All Recognized Stock Exchanges. 3. The Depositories (NSDL and CDSL). Sir/ Madam, Sub: Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default. A. REITs, InvIts and AIFs 1. RBI had… Read More
Discussion Paper on “Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations ”
Objective 1. This discussion paper seeks comments of the public for certain proposals related to Brightline Tests for Acquisition of ‘Control’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as the "Takeover Regulations”). Background 2. The Takeover Regulations prescribe that an acquirer acquiring substantial shares or voting rights i.e.,… Read More
Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11 th March, 2016 Subject: - Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor - regarding The Central Board of Direct Taxes had issued directions to… Read More
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