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.
A:544, Tower B2, Spaze i-Tech Park Gurgaon, Haryana, India
Prior / advance adjournment motion for seeking adjournment of any hearing
CLB has issued instruction to all the Learned Counsels who are appearing on behalf of their clients to file prior / advance adjournment motion for seeking adjournment of any hearing. It has been found that the Learned Counsels are seeking adjournment at the time of hearing itself. All Learned Counsels shall circulate adjournment motion atleast one… Read More
Tough times trigger as black money law faces execution challenges
Having been deluged with queries from professionals regarding the implication of the new law for them, the lack of clarity and paucity of time are the two main challenges facing the implementation of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The Act, enacted after high-pitched politicking, deals with… Read More
Sebi asks govt to appoint women directors on PSU boards
In order to ensure parity between listed PSUs and their private sector peers, SEBI has asked the Government to fill all vacancies for women and Independent Directors at the Central Public Sector Enterprises (CPSEs). All listed companies, whether PSUs or from the private sector, are required to have at least one woman Director on their Board.… Read More
Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore)
RBI/2015-16/119 DNBS (IT).CC.No. 01/24.01.191/2015-16 July 09, 2015 To CEOs of All NBFCs (excluding RNBCs) Dear Sir/Madam, Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore) Please refer to the DNBR (PD) CC.No. 002/03.10.001/2014-15 dated November 10, 2014 on revised Regulatory Framework for NBFCs. 2. As per the revised regulations, all non-deposit taking NBFCs (NBFCs-ND),… Read More
Explanation on charging depreciation for extra shift under CA 2013
There are various views are possible for determining remaining useful life on transition from Schedule XIV to Schedule II if an asset has been used on double/ triple shift basis in past years. For example, in the case of plant above, one view is that the asset has remaining Schedule II life of 12 years, i.e., 15 years 3… Read More
CBEC releases new system for detailed manual scrutiny of service tax returns
In the era of self-assessment, the need for a strong compliance verification mechanism cannot be over emphasized. Such a mechanism has three important prongs ” audit, anti-evasion and return scrutiny. In order to put in place a strong 'return scrutiny' system, a two-part system of return scrutiny was envisaged” a preliminary scrutiny which would be online covering… Read More
Master Circular – Bank Finance to Non-Banking Financial Companies(NBFCs)
RBI/2015-16/36 DBR.BP.BC.No.5/21.04.172/2015-16 July 1, 2015 Chairman and Managing Directors / Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Master Circular - Bank Finance to Non-Banking Financial Companies(NBFCs) Please refer to our Master Circular DBOD.BP.BC.No.10/21.04.172/2014-15 dated July 1, 2014 on the captioned subject. This Master Circular consolidates instructions on the above matters issued up to June 30,… Read More
Information on sexual harassment to be mandatorily disclosed by Pvt. companies under CA 2013
Under the Companies Act, the government has set off the process necessary for the private companies. "In order to ensure that private sector companies also constitute ICC as mandated under Sexual Harassment at Workplace (Prevention, Prohibition and Redressal) Act 2013, it will be appropriate to ask the companies to disclose the constitution of the IIC… Read More
RBI announces Revised Methodology for Overnight MIBID/MIBOR from July 22, 2015
The Reserve Bank of India has stated that the methodology for the FIMMDA-NSE-Overnight Mumbai Interbank Bid/Offer Rate (Overnight MIBID/MIBOR) benchmark in India will be revised with the introduction of the FBIL-Overnight MIBOR on July 22, 2015. The FBIL-Overnight MIBOR will be based on actual traded rates and will be administered by a new company called the Financial… Read More
Sebi jurisdiction upheld by SC in offshore markets with regard to GDRS by firms
After the order of Supreme Court Market regulator Sebi received a shot in the arm on Monday to regulate the creation and issuance of Global Depository Receipts by companies in the offshore markets. It take action against the companies for manipulation in global securities.It rejected the Securities Appellate Tribunal™s (SAT) majority decision of September 30, 2013,… Read More
Master Circular – Disclosure in Financial Statements – ˜Notes to Accounts™
RBI/2015-16/99 DBR.BP.BC No.23/21.04.018/2015-16 July 1, 2015 The Chairmen / Chief Executives of All Commercial Banks (excluding RRBs) Dear Sir, Master Circular - Disclosure in Financial Statements - ˜Notes to Accounts™ Please refer to the Master Circular DBOD.BP.BC.No.8/21.04.018/2014-15 dated July 1, 2014 consolidating all operative instructions issued to banks till June 30, 2014 on matters relating to disclosures… Read More
Investment in companies engaged in tobacco related activities
RBI/2015-16/116 A.P. (DIR Series) Circular No.2 July 3, 2015 To All Authorised Persons Madam/ Sir, Investment in companies engaged in tobacco related activities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Annex A of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)… Read More
Version of Forms DPT-3, 4LLP, CRA-2, MSC-3 and FC-1 modified w.e.f 7th July 2015.
The Ministry of Corporate Affairs has issued a General Notice stating the modification of version of Forms DPT-3, 4LLP, CRA-2, MSC-3 and FC-1 with effect from 7th July, 2015. So, all the stakeholders are requested to plan their filings in the above forms by downloading the current versions available in the forms tab of the… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
