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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Sexual harassment case against seniors
GURGAON: A 33-year-old manager of a telecom giant accused three senior officials of sexually harassing her. Police have lodged an FIR against the three officials and also recorder her statement in a city court. According to police, the woman employee of the telecom company approached cops on Thursday after the company allegedly failed to address… Read More
Extension for a period of one month for the High Level Committee on CSR
CLR Notes Extension for a period of one month for the High Level Committee on CSR The Ministry of Corporate Affairs has issued a circular no. 13/2015 dated 16th September, 2015 to provide extension of time by one month for the High Level Committee to submit its report on the Corporate Social Responsibility which has… Read More
Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors Restrictions under Section 20 of the Banking Regulation Act, 1949 Loans to Directors
RBI/2015-16/178 DBR.Dir.BC.No.38/13.03.00/2015-16 September 16, 2015 All Commercial Banks Dear Sir/Madam Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors Restrictions under Section 20 of the Banking Regulation Act, 1949 Loans to Directors Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its… Read More
Revised Disclosure formats under SEBI (Prohibition of Insider Trading), Regulations 2015
Securities and Exchange Board of India CIR/ISD/02/2015 … Read More
Disclosures to be made by NBFCs, in the offer documents for public issue of debt securities under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008
Securities and Exchange Board of India CIRCULAR CIR/IMD/DF/6/2015 … Read More
Approval to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015
Press Information Bureau Government of India Cabinet 16-September-2015 14:24 IST Approval to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015. The proposed amendments to the Negotiable Instruments Act, 1881 (The… Read More
Review of the existing Foreign Direct Investment policy on Partly Paid Shares and Warrants
CLR NOTES Analysis of Press Release No. 9 issued by Department of Industrial Policy & Promotion The department of Industrial Policy and Promotion has issued a Press Release No. 9 dated 16th September, 2015 for amending clause 2.1.5 of the FDI Policy. Earlier, clause 2.1.5 read as follows: ˜Capital™ means equity shares; fully, compulsorily & mandatorily… Read More
Clarification on FDI Policy on Facility Sharing Arrangements between Group Companies
CLR NOTES Analysis of Clarification dated 15th September, 2015 issued by Department of Industrial Policy & Promotion The Department of Industrial Policy and Promotion has issued a clarification dated 15th September, 2015 w.r.t. that whether Facility sharing arrangements between the group companies shall be construed as 'real estate' business activity or not. The department clarified that:… Read More
MCA Regional Director, Northern Region shifted from Noida to Delhi w.e.f 15th September, 2015
The office of Regional Director, Northern Region, Ministry of Corporate Affairs which was working from Ground Floor, A-14, PDIL Bhawan, Sector-1, NOIDA has been shifted to B-2 Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, New Delhi-110003 w.e.f. 15.09.2015 and has started functioning as camp office (since formal notice is yet to be published by the… Read More
Companies (Acceptance of Deposits) Second Amendment Rules, 2015
Government of lndia Ministry of Corporate Affairs Notification New Delhi dated, 15th September, 2015 G.S.R. - (E). - In exercise o{ the powers conferred by sections 73 and 76 read with subsection (1) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend… Read More
MCA releases XBRL taxonomy for filing financial statements and Cost Audit Report under CA 2013
The Ministry of Corporate Affairs has issued a notification no. G.S.R.(E) dated 9th September, 2015 w.r.t Companies (Filing of documents and forms in XBRL) Rules, 2015 which shall come into force form the date of publication in the official gazette. The financial statements in Form AOC-4 and the cost audit report in Form CRA-4 are… Read More
Modification of Import Export Code (IEC) to be online only from 21.09.2015
Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 36 /2015-2020 Dated the 14 September, 2015 Subject: Operationalisation of modification in IEC reg. The new format of online application form for issue/modification in IEC has been notified vide Public Notice No. 76 dated 27.11.2014. Subsequently online application… Read More
Sebi notifies norm for anchor investors in public offers
An anchor investor in market parlance refers to a qualified institutional buyer (QIB) making an application for a value of Rs 10 crore or more through the book-building process. With an aim to boost fund raising through primary markets, capital markets regulator Sebi has notified relaxed norms for public offers by removing restriction on maximum number of… Read More
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