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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Sourcing norms for single-brand retail likely to be reviewed
The rules and regulations with respect to the single brand retailing as a part of the Foreign Direct Investment(FDI) are likely to be reviewed as the Modi led government opposed FDI in multi-brand retail, seems to be planning to remove hurdles for international single-brand retailers, which are allowed up to 100 per cent FDI. Even… Read More
Introduction of Composite caps for simplification of Foreign Direct Investment(FDI) Policy to attract Foreign Investments in various sectors
The Department of Industrial Policy and Promotion has issued a press note No. 8 (2015 Series) after reviewing the caps in FDI Policy on various sectors in the Consolidated FDI Policy Circular of 2015 which is in force from 12th May, 2015 by introducing various composite caps to ensure and bring up simplification and uniformity… Read More
ICSI comes out with the responses to stakeholders queries w.r.t SS-1 & SS-2 under CA 2013
This is with reference to the announcement inviting queries/concerns from stakeholders on Secretarial Standard on Meetings of the Board of Directors (SS-1) and Secretarial Standard on General Meetings (SS-2) issued by ICSI, effective from 1st July 2015 by the Institute of Company Secretaries of India. In this regard, ICSI is pleased to inform you that the… Read More
SEBI seeks clarifications on InterGlobes’s (Indigo Airlines) 2500 crore IPO
The apex body for regulating the capital market has sought further clarifications from InterGlobe Aviation (Indigo Airlines) on its 2500 crore Initial Public Offer (IPO). As the company has made certain defaults while complying with the disclosure requirements for the initial public offer, SEBI has again asked the company to submit the clarifications w.r.t the… Read More
CBDT releases e-filing utility for ITR 3, ITR 4 and ITR 7 for A.Y. 2015-16
CBDT has finally enabled e-filing utility for ITR 3, ITR-4 and ITR-7 for Assessment Year 2015-16. To download the forms please access the link given below: https://incometaxindiaefiling.gov.in/ Read More
Government nod not required for 49% Foreign Portfolio Investment in many sectors
With a view to strengthen the Foreign Investment policy, the Government has allowed 49% Foreign Portfolio Investment in many sectors through Automatic route in many of the sectors which include pharmaceuticals, single brand retail, insurance, pension etc. which allows the composite foreign investment caps in all the sectors barring private banking and defence sectors. Earlier, these… Read More
Sebi eases the Delisting Regulations
The Securities and Exchange Board of India has made the delisting norms easier by bringing out changes such as the promoters either will have to ensure that at least 25 per cent of minority shareholders participate in such a process or can demonstrate that the entire 100 per cent investors have been approached to ensure that… Read More
Version of Forms Form 20B, Form 23AC, Form 21A, Form 23ACA, Form 66, Form 23ACA (XBRL), Form 4 LLP, Form FC-4, Form 23B, Form FC-1, are modified w.e.f 1st Aug 2015
MCA has modify the Version of following Forms w.e.f 1st August 2015 Form 20B, (Form for filing annual return by a company having a share capital with the Registrar) Form 23AC, (Form for filing Balance Sheet and other documents with the Registrar) Form 21A,(Particulars of Annual Return for the Company not having share capital) Form 23ACA (Form for filing Profit and Loss account and other documents with the Registrar) Form 66, (… Read More
Government aims to take stringent steps to tap black money
The government of India is initiating effective steps to deal with black money and will focus on high-impact cases to prosecute the offenders expeditiously against the tax evasion. The effective steps to deal with the black money issue includes putting in place robust and effective legislative mechanism and administrative frameworks with focus on building better… Read More
Govt plans to allow PF subscribers to pledge future PF to pay home loan
The government is considering the proposal of allowing the subscribers of the Provident Fund to pledge their future stream of provident fund contributions to pay off housing loans. The option for this has been recommended by an expert committee set up by the Retirement Fund Body to achieve the mission of the Modi™s Government to… Read More
Review of Guidelines on Restructuring of Advances by NBFCs
RBI/2015-16/144 DNBR.CO.PD.No. 067/03.10.01/2015-16 July 30, 2015 All NBFCs excluding Primary Dealers Dear Sirs, Review of Guidelines on Restructuring of Advances by NBFCs Please refer to the circulars DNBS.CO.PD.No.367/03.10.01/2013-14, dated January 23, 2014 and DNBR.CO.PD.No.011/03.10.01/2014-15 dated January 16, 2015, on the captioned subject. 2. In terms of the extant instructions contained in the above mentioned circulars, revisions of the… Read More
CBDT notifies Form ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 and companies to report CSR spent in ITR 6
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Income-tax NOTIFICATION New Delhi, the 29th day of July, 2015 S.O. 2070 (E).”€ In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More
SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not registered with SEBI
Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which are offered by entities which are not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions have been taken against such entities and its Directors and since January 01, 2011, SEBI has passed orders against 91 entities and… Read More
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