eMinds Legal - Corporate Law Reporter

Annual KYC of Directors to be made mandatory

As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in ‘Approved’ status, would be mandatorily required to file form… Read More

RBI releases Financial Stability Report (FSR) June 2018

The Reserve Bank of India today released the Financial Stability Report (FSR), 17th in the series. The FSR reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. The Report also discusses issues relating to developments in and regulation of the financial sector. Overall… Read More

RBI releases draft guidelines on constituting BoM for Primary (Urban) Cooperative Banks

The Reserve Bank of India today released draft guidelines on constituting Board of Management (BoM) for Primary (Urban) Cooperative Banks (UCBs). The guidelines propose that UCBs may constitute a BoM, in addition to the Board of Directors (BoD). It may be recalled that the Expert Committee on licensing of new Urban Cooperative Banks (2010) set up under… Read More

Shri S. K. Mohanty appointed as Whole Time Member, SEBI

Jun 25, 2018 PR No.: 21/2018 Shri S. K. Mohanty takes charge as Whole Time Member, SEBI Shri S.K. Mohanty has taken charge as Whole Time Member, Securities and Exchange Board of India in Mumbai today for a tenure of three years or until further orders, whichever is earlier. Prior to this assignment, Shri Mohanty served… Read More

MCA issues conrrigendum to commencement notification of Companies Amendment Act 2017

Government of India Ministry of Corporate Affairs CORRIGENDUM New Delhi, the 21st June 2018 S.O....(E).- In the notification of the Government of India, in the Ministry of Corporate Affairs, Number S.O. 2422(E), dated the 13th June , 2018, published in the gazette of India, Extraordinary , PartII, Section 3 , Sub-Section (ii), dated the 14th… Read More

MCA invites public comments on National Guidelines on the Economic, Social and Environmental Responsibilities of Business

Background The Ministry of Corporate Affairs (MCA) issued the National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business (NVGs) in July 2011 with a view to provide a clear, broad-based framework for carrying out responsible business and be accountable to all its stakeholders. The NVGs were developed based on India’s socio-cultural context and… Read More

MCA invites suggestions on draft on Cross-Border Insolvency

Government of India Ministry of Corporate Affairs Insolvency Section File no.30/27/2018 Dated:20.06.2018 Public Notice Government has taken in initiative to introduce a chapter on Cross-Border Insovency within the Insolvency & Bankruptcy Code, 2016 (The Code) to provide a comprehensive legal framework, Considering the fact that corporates transct businesses in more than one jurisdiction and also … Read More

Central Goods and Services Tax (Sixth Amendment) Rules, 2018 notified

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 19th June, 2018 No. 28/2018 - Central Tax G.S.R. 574(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules… Read More

Full day Seminar on FEMA, Cross Border M&A and Foreign Investments

Dear Professional Colleague, Greetings from eMinds Legal ! We are writing to you today to invite you for an upcoming full day seminar on FEMA, Foreign Investments and Cross Border Merger Regulations being organised by Corpkonnect in association with eMinds Legal, a boutique Corporate Law Firm. 28th June: Mumbai (Hotel Goldfinch) & Gurgaon (Hotel Ramada) 29th June: Bangalore (The Grand Magrath) Timing:… Read More

RBI and SEBI review Investment by Foreign Portfolio Investors (FPI) in Debt

RBI/2017-18/199 A.P. (DIR Series) Circular No. 31 June 15, 2018 To All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Debt - Review Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside… Read More

GST leads to Formalization of Economy and Widening of Tax Base

Governmnent of India Ministry of Finance 18 JUN 2018 Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections. In the past, the Centre had little data on small manufacturers and consumption… Read More

Workshop on FEMA, Foreign Investments and Cross Border Merger Regulations

Dear Professional Colleague, Greetings from eMinds Legal ! We are writing to you today to invite you for an upcoming full day seminar on FEMA, Foreign Investments and Cross Border Merger Regulations being organised by Corpkonnect in association with eMinds Legal, a boutique Corporate Law Firm. 28th June: Mumbai (Hotel Goldfinch) & Gurgaon (Hotel Ramada) 29th June: Bangalore (The Grand Magrath) & Chennai… Read More

MCA notifies certain sections of Companies Amendment Act 2017 w.e.f 13 June 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th June, 2018 S.O. _(E).- In exercise of the powers conferred by sub- section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 13th June, 2018 as the date on which the following provisions… Read More

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