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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Environment Minister’s Reaction to Union Budget 2016-17
‘Budget is Developmental and Transformational ’: Javadekar Environment Minister’s Reaction to Union Budget 2016-17 Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Prakash Javadekar, has said that Union Budget 2016-17 is a developmental and transformational Budget. Making his comments soon after the Budget was presented in Parliament here today, Shri Javadekar… Read More
Highlights of Union Budget 2016-2017
Highlights of the Union Budget Speech of Hon'ble Finance Minister, Sh. Arun Jaitley on 29th Feb, 2016: -- Health Insurance Scheme being announced to benefit atleast 1/3rd of Indian Population -- Significant changes expected in the FDI policy -- Following are the 9 pillars of this Budget: a. Agriculture and farmers welfare b. Rural employment and… Read More
MCA issues Notice for inviting comments on the draft rules w.r.t. NCLT related provisions under the companies act, 2013
GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT RULES W.R.T. NCLT RELATED PROVISIONS UNDER THE COMPANIES ACT, 2013 Dated the 28th January, 2016 283 Sections of the Companies Act, 2013 have already been commenced. Remaining sections related to functioning of NCLT/NCLAT and certain other authorities are yet to be notified.… Read More
Review of Prudential Guidelines – Revitalising Stressed Assets in the Economy
BI/2015-16/330 DBR.BP.BC.No.82/21.04.132/2015-16 February 25, 2016 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Review of Prudential Guidelines - Revitalising Stressed Assets in the Economy The Reserve Bank of India has issued various guidelines aimed at revitalising the stressed assets in the economy. The measures… Read More
Know Your Customer (KYC) Direction, 2016
RBI/DBR/2015-16/18 DBR.AML.BC.No.81/14.01.001/2015-16 February 25, 2016 Know Your Customer (KYC) Direction, 2016 In terms of the provisions of Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, Regulated Entities (REs) are required to follow certain customer identification procedure while undertaking a transaction either by establishing an account based relationship or… Read More
CBEC has notified and appoints 1st day of April, 2016 as the date on which the provisions of sub-section (1) of section 109 of Finance Act, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 18th February, 2016 Notification No. 06/2016-Service Tax G.S.R.___ (E). - In exercise of the powers conferred by section 109 of the Finance Act, 2015 (No. 20 of 2015), the Central Government hereby appoints the 1st day of April, 2016 as the date on which the… Read More
Clarification regarding nature of share Buy-back transactions under Income-tax Act, 1961
As per provisions of Section 46A of the Income-tax Act, 1961('Act'), applicable with effect from 01.04.2000, any consederation received by a shareholder or a holder of other specified securities from any company on purchase of its own shares/other specified securities. To View complete Notification, please click on the link below: Clarification regarding nature of share… Read More
Highlights of Railway Budget for 2016-17
Following are highlights of the Railway Budget for 2016-17 (Apr-Mar), presented by Railway Minister Suresh Prabhu in Parliament today: GENERAL * Budget reflects aspirations of the entire railway family * Rail Budget reflects aspiration of all * Core objective is to improve individual experience * Rail Budget is the vision of PM Modi * Making… Read More
Start- up, Stand up initiative of the Hon’ble Prime Minister’
Dear Student, PRESIDENT, ICSI INVOKES ‘LET COMPANY SECRETARY BE PARTNERING START- UP, STAND UP INITIATIVE OF THE HON’BLE PRIME MINISTER’ Hon’ble Prime Minister Narendra Modiji's esteemed visit to the Pavilions just after the inauguration ceremony at the 'MAKE IN INDIA' week at Mumbai. Seen with HIS honoured gracious self outside the Ministry of Corporate Affairs Pavilion… Read More
SEBI amended Issue of Capital and Disclosure Requirements, Regulations 2009
SEBI has notified a new set of norms to provide an exit route to the dissenting shareholders in case a listed company diverts from its stated objective of raising funds from the public. The SEBI has amended SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and prescribed the conditions and manner of providing Exit Opportunity to dissenting… Read More
Highlights of Taxation
CBDT has issued Clarification for implementation of FATCA and CRS. An Inter-Governmental Agreement between India and USA was signed for implementation of Foreign Account Tax Compliance Act (FATCA). The Government of India has also joined the Multilateral Competent Authority Agreement (MCAA) for Automatic Exchange of Information as per Common Reporting Standard (CRS). Based on comments and… Read More
Threshold for monitoring of frauds in NBFCs (All Deposit taking NBFCs, including RNBCs and NBFCs- ND-SI)
RBI has decided to revise the threshold for monitoring of frauds in NBFCs (All Deposit taking NBFCs, including RNBCs and NBFCs- ND-SI). The threshold for reporting frauds and submission of quarterly progress reports on frauds to Central Fraud Monitoring Cell, Reserve Bank of India, Department of Banking Supervision, has been revised from Rs. 25 lakh as on date to… Read More
Report of the Expert Committee on Prior Permissions & Regulatory Mechanism
The Department Of Industrial Policy & Promotion has issued a Report of the Expert Committee on Prior Permissions & Regulatory Mechanism, to download the complete report, please click on the following link: Report of the Expert Committee on Prior Permissions & Regulatory Mechanism Read More
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