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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PM Modi to make India as the world’s Human Resource Capital
Prime Minister Narendra Modi on Wednesday said if China has the identity of being the global manufacturing factory, then India can become the world's required human resources capital. Prime Minister Narendra Modi on Wednesday said if China has the identity of being the global manufacturing factory, then India can become the world™s required human resources capital. Prime… Read More
Cabinet to come out with Composite Foreign Investment Caps
The Government of India is concerned streamline the foreign investment regime, the Union Cabinet is expected to come out with a concensus decision tomorrow on introducing a composite cap which will include FDI, FII and other instruments in various sectors. The Cabinet will discuss the "proposal for introduction of composite caps for simplification of FDI… Read More
Government in the phase of drafting GST Model Legislation
Model legislations to implement the Goods and Services Tax are being prepared and will be put up for comments from stakeholders after Parliament approves the GST Constitution Amendment Bill. The three legislations -- Central GST (CGST), State GST (SGST) and integrated GST (iGST) -- will have to be approved by the respective legislatures for nationwide… Read More
SEBI directs exchanges to act harsh on frivolous trades
Market regulator Sebi has set out rules for annulment of trades undertaken on stock exchanges. The regulator on Thursday said stock exchanges can either on their own or on request from a stock broker consider annulment of a trade.It should however define suitable criteria to discourage frivolous trade annulment requests from brokers. "Stock brokers shall… Read More
Details to be furnished by Merchant Bankers for SEBI Registration
Merchant bankers need to furnish details of their financial accounts as well as infrastructure facilities for seeking a registration to operate in the Indian capital markets. Apart from disclosing information on the applicant's 'Memorandum and Article of Association', its promoter, director, and their shareholding in other companies, details about key personnel, it also has to… Read More
Big 4’s in trouble: Face charge due to unauthorized practice of law
Complaint filed before Bar Council of Delhi alleging unauthorized practice of law by top 4 multinational audit firms. The Society of Indian Law Firms (SILF) which professes to be the apex body of law firms in India has filed a complaint before the Bar Council of Delhi against 4 of the biggest multinational audit and… Read More
Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to persons resident outside India
RBI/2015-16/128 A.P. (DIR Series) Circular No.4 July 16, 2015 To All Category I Authorised Dealer banks Madam/Sir, Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to persons resident outside India Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Regulation 8 of the Foreign Exchange Management (Transfer or… Read More
Foreign Investment in India by Foreign Portfolio Investors
1.Attention of Authorized 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 India) Regulations, 2000 notified vide Notification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time and toA.P. (DIR Series) Circular No. 71 dated February… Read More
Digitally signed invoices in Central Excise and Service Tax – Conditions, safeguards and procedures
In pursuance of sub-rule (5) of rule 10 and sub-rule (9) of rule 11 of the Central Excise Rules, 2002 made under section 37 of the Central Excise Act, 1944 (1 of 1944) and sub-rule (5) of rule 5 and sub-rule (2) of rule 4C of the Service Tax Rules, 1994 made under sub-section (1)… Read More
Stock regulator notifies by laws for issuance and listing of municipal bonds
To help the government's 'smart cities' programme, capital markets regulator Sebi today notified new norms for listing and trading of municipal bonds on stock exchanges.The move would allow authorities to mop-up funds, including for setting up smart cities, by raising money from the public and institutional investors. Under the new norms, the municipal authorities would… Read More
Master Circular – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
RBI/2015-16/98 DBR.No.Ret.BC.24/12.01.001/2015-16 July 01, 2015 Ashadha 10, 1937 (Saka) All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Master Circular - Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) Please refer to the Master Circular RBI/2014-15/91 DBOD.No.Ret.BC.11/12.01.001/2014-15 dated July 01, 2014 updating instructions/guidelines issued to the Scheduled Commercial Banks (SCBs) on CRR/SLR till June 30,… Read More
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
RBI/2015-16/120 DBR.No.CID.BC.28 /20.16.056/2015-16 July 9, 2015 All Scheduled Commercial Banks (excluding RRBs) All India Notified Financial Institutions (EXIM, NABARD, NHB & SIDBI) All Credit Information Companies Dear Sir/Madam Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 inter alia setting out… Read More
FAQ’s on Secretarial Audit under Companies Act, 2013
The provision of Secretarial Audit specifies that: Every listed company and a company belonging to other class of companies as may be prescribed shall annex with its Board's report made in terms of sub-section (3) of section 134, a secretarial audit report, given by a company secretary in practice, in such form as may be… Read More
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