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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Union Home Minister chairs High Level Committee meeting for Central assistance to states affected by drought
The Union Home Minister, Shri Rajnath Singh chaired a meeting of the High Level Committee (HLC) here today for Central Assistance to States affected by drought. The Union Minister for Finance, Corporate Affairs and Information and Broadcasting Shri Arun Jaitley, Union Home Secretary Shri Rajiv Mehrishi and senior officers of the Ministries of Home, Finance… Read More
ICSI Playing a Pivotal Role in ‘Make In India’ Week in Mumbai
The Government of India's mega event 'Make in India' in Mumbai from 13-18 February, 2016 at the MMRDA Grounds, Bandra-Kurla Complex, Mumbai has been inaugurated by the gracious and respectful hands of Sri Narendraji Modi, the Hon'ble Prime Minister of India, in the august presence of Shri CH. Vidyasagar Rao, Governor of Maharashtra, Shri DevendraFadnavis,… Read More
SEBI Circular on Mutual Funds
CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/35 February 15, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Sub: Circular on Mutual Funds A. Amendments to SEBI (Mutual Funds) Regulations, 1996 1. Please find enclosed a copy of the gazette notification No. SEBI/LADNRO/GN/2015-16/034 dated February 12, 2016 pertaining to Securities and Exchange Board… Read More
Exchange Rate notification with effect from 13th February, 2016 thereby amending Notification No.18/2016-Customs (N.T.), dated 4th February, 2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 24/2016 - Customs (N.T.) Dated the 12th February, 2016 23 Magha, 1937 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby… Read More
CBDT issues guidelines on paperless assessment proceedings (pilot basis)
CBDT issues guidelines on paperless assessment proceedings (pilot basis), specifies email communication with PDF attachments : CBDT Notification No. 2/2016 dated 3 February 2016 1.Pr. DGIT (Systems) notifies operational guidelines for pilot project on paperless assessment proceedings applicable to select non-corporate assessees; 2.AO to issue notices from his official email address and attach scanned copy of… Read More
Applicability of revised CARO, 2016 as per draft Companies (Auditor’s Report) Order, 2016.
Applicability of revised CARO, 2016 as per draft: This Order may be called the Companies (Auditor's Report) Order, 2016. (2) It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except:– (i)… Read More
Notice for Non- compliance with Sec 148 of the Companies Act, 2013
MCA has started issuing notices to the companies which did not comply with section 148 of Companies Act 2013 relating to cost records and cost audit. An extract of such notice is given hereunder Sub: - Notice for Non- compliance with Sec 148 of the Companies Act, 2013 This is with reference to the Form AOC-4… Read More
Mobile Internet can be banned under S. 144 CrPC, says Supreme Court: 11 Feb 2016
The Supreme Court today dismissed an appeal challenging a judgment of the Gujarat High Court which had upheld the ban on mobile internet under S.144 of Code of Criminal Procedure. A Bench of Chief Justice TS Thakur and R Banumathi J. remarked that there can be such ban for law and order. Advocate Apar Gupta, one of… Read More
Flats given to landowners to be valued at market rates for service tax: CBEC 20.1.16
In an effort to bring more clarity to real estate deals, the tax authorities have said that the value of flats given to a land owner by a property developer for levy of service tax will be equal to the price of flats sold to other buyers. However, whether this would translate into a lower… Read More
Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit
RBI/2015-16/322 DCBR.CO.SCB.Cir. No. 1/13.05.000/2015-16 Magha 22,1937 February 11, 2016 To Chief Executive Officers Primary (Urban) Cooperative Banks (Scheduled Banks holding AD Category I Iicences) Dear Sir/Madam Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit The Government of India has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit… Read More
Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares
RBI/2015-16/319 A.P. (DIR Series) Circular No. 52 February 11, 2016 To, All Authorised Dealer Category – I Banks Madam/Sir, Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident… Read More
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
RBI/2015-16/320 DBR. BP. BC. No. 77/21.04.098/2015-16 February 11, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards Please refer to our circulars DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014 and DBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014 on ‘Basel III… Read More
Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments
RBI/2015-16/318 A.P. (DIR Series) Circular No. 51 February 11, 2016 To, All Authorised Dealer Category – I Banks Madam/Sir, Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign currency accounts by a person resident in India)… Read More
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