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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Securities and Exchange Board of India (SEBI) Introduces the Format for quarterly holding pattern, disclosure norms for corporate governance report and manner for compliance with two-way fungibility of Indian Depository Receipts (IDRs)
CIRCULAR CIR/CFD/CMD/9/2015 November 04, 2015 To The Managing Director/Executive Director, All recognised Stock Exchanges. The Managing Director/Executive Director, All Depositories. Dear Sir/Madam, Sub: Format for quarterly holding pattern, disclosure norms for corporate governance report and manner for compliance with two-way fungibility of Indian Depository Receipts (IDRs) 1. In terms of sub regulation (1) of regulation… Read More
Section 118 of the Income-tax Act, 1961 – Income-tax authorities
Ministry Of Finance (Department Of Revenue) (Central Board Of Direct Taxes) Notification New Delhi, The 30th October, 2015 INCOME-TAX S.O. 2965(E).” In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Ministry of Finance, Department… Read More
Suggestions invited on Draft Guidance Note on General Meetings
CL&G:SSB:2015 3rd November 2015 Dear Professional Colleagues, The Institute proposes to release the Guidance Note on Meetings of the Board of Directors and the Guidance Note on General Meetings as guidance for the stakeholders in implementation of SS-1 and SS-2. These Guidance Notes elucidate, wherever necessary, the basis for setting the particular Standard, explain its… Read More
Amendment in the Arbitration & Conciliation Act, 1996
The Arbitration and Conciliation (Amendment ) Ordinance 2015, recently promulgated by the President, draws heavily from the proposals of the 246th Law Commission Report, released last year. Most legal experts see the amendments as a positive step that will help bridge the gap between Indian and foreign arbitration standards. The ordinance will positively impact the… Read More
Major Points out of Press Conference of FM Mr. Arun Jaitley on outcome of SIT on Shell Companies
1) SIT(Special Investigation Team) in 3rd report had made recommendations with respect to Shell Companies & Beneficial Ownership. 2) It is observed that 2627 persons are holding Directorship in more than 20 Companies in violation to Companies Act, 2013. 3) The total number of Companies involved is 77696. 4) A total of 345 addresses have… Read More
FAQs on SEBI (Delisiting of Equity Shares) Regulations, 2009
Frequently Asked Questions on SEBI (Delisiting of Equity Shares) Regulations, 2009 These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Delisting of Equity Shares) Regulations, 2009 [Delisting Regulations, 2009]. Any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be treated as a binding opinion/guidance from… Read More
IRDAI clarifies on claims of the life insurers not to become time barred
CLR Note: The Insurance Regulatory and Development Authority of India (IRDAI) has clarified the life insurers about the rejection of the policy claims after a certain tenure as defined by the IRDAI shall not take effect even on the suppression of the material and important facts as required for approving the claim of the applicant… Read More
India heading towards excellence in terms of FDI inflows
The recent survey ranks India as the 'most attractive market' -- Economic fundamentals stand strong, and global interest is on a steady upswing. The election of a pro-reform Government and its various initiatives - Make in India, Digital India and 100 Smart Cities. The survey says India has emerged as the number one FDI destination… Read More
SEBI introduces uniform format of Listing Agreement for listed companies
CLR Note: The Securities and Exchange Board of India has issued a circular no. CIR/CFD/CMD/6/2015 dated 13th October, 2015 to provide a uniform format of the listing agreement for the listed companies. A listing agreement is the agreement which is required to be executed with the stock exchange where the securities of the company are… Read More
Income-tax (15th Amendment) Rules, 2015
CLR Note: The Ministry of Finance has issued a notification no. S.O.2791(E) dated 12th October,2015 with respect to the Income-Tax (Fifteenth) Amendment Rules, 2015 which shall come into force from the date of publication in the official gazette. The notification has been issued to amend the provisions contained in Section 80DDB of the Income Tax… Read More
CAIT complains commerce ministry for violation of FDI norms by E- commerce firms
CLR Note: The Confederation of the All India Traders Association has alleged that e-commerce firms are violating FDI norms by holding the festive sales and these companies solicit general public which tantamounts to retail trading and FDI is strictly prohibited in the reatil trading format. Traders body CAIT has alleged that e-commerce firms such as… Read More
Ready model GST framework to be referred to Empowered Committee of finance
CLR Note: Goods and Services Tax (GST) is expected to be implemented with effect form 1st April, 2016 as the centre and the states have completed the drafting of the model laws. Now, the empowered committee of the Finance Ministers of the states are likely to meet this month to discuss and deliberate on the… Read More
MCA services will not be available from 16th Oct, 2015 to 19th October, 2015
Services on MCA portal will not be available from 16th Oct, 2015 08:00 PM to 19th Oct, 2015 8:00 AM. MCA regrets the inconvenience caused and request the stakeholders to plan accordingly. Read More
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