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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Master Circular on External Commercial Borrowings and Trade Credits
RBI/2015-16/33 Master Circular No. 12/2015-16 July 01, 2015 To All Authorised Dealer Category I banks and Authorised banks Madam / Sir Master Circular on External Commercial Borrowings and Trade Credits External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign Exchange… Read More
FAQ’s w.r.t FLA return : Submissions to be completed by 15th July, 2015
Annual return on Foreign Liabilities and Assets has been notified under FEMA 1999. Return to be filed under A.P. (DIR Series) Circular No.145 dated June 18, 2014 and submitted to the Department of Statistics and Information Management, RBI, Mumbai It is required to be submitted directly by all the Indian companies which have received FDI… Read More
FAQs on Secretarial Standards issued by ICSI effective from 1st July, 2015
Some important questions and answers prepared after ICSI webcast on Secretarial Standards- 1. If co. is giving notice in June month for its board meeting going to held in july so will SS be applicable for that meeting?? Ans:- No as SS will be applicable w.e.f 01.07.2015 2. What is serial no. of board meeting?… Read More
SEBI eased the public issue norms reduces timeline to boost market
Capital market regulator Securities and Exchange Board of India (Sebi) on Tuesday halved the time required between listing and closing of an initial public offering (IPO) to six days. Currently, the IPO timeline is trade (T)+12 (where T is the last day of the issue), which will be reduced to T+6 for all public issues… Read More
RBI to work on July 1, 2015 to facilitate public transactions
On a review and in order to facilitate the settlement of market transactions, as also, to aid the transactions of the general public, the Reserve Bank of India has decided that it will remain open for public transactions on July 1, 2015. Normally, the Reserve Bank remains closed for public transactions every July 1 on… Read More
Delhi Government can now raise VAT to 30%
Not increasing the value-added tax directly in the Budget, the Delhi government on Monday introduced a VAT Amendment Bill that will allow the government to hike the tax on 11 goods by up to 30 per cent in future. Till now, the cap on the VAT on 11 items under the fourth schedule is between… Read More
Secretarial Standards to be in force w.e.f 1st July, 2015
The Institute of Company Secretaries of India (ICSI) had vide ICSI Notification No.1 (SS) of 2015 dated 23rd April, 2015, as published in the Gazette of India Extraordinary Part III Section 4, issued the Secretarial Standards on ˜Meetings of the Board of Directors™ [SS-1] and ˜General Meetings™ [SS-2] [collectively referred to as the Secretarial Standards].… Read More
Secretarial Standard -1 as issued by ICSI
Secretarial Standard prescribes a set of principles for convening and conducting Meetings of the Board of Directors and matters related thereto. This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board. The principles… Read More
Secretarial Standard -2 as issued by ICSI
Secretarial Standard-2 seeks to prescribe a set of principles for the convening and conducting of General Meetings and matters related thereto. This Standard also deals with conduct of e-voting and postal ballot. This Standard is applicable to all types of General Meetings of all companies incorporated under the Act except One Person Company (OPC) and… Read More
Use online tax calculator to file Income Tax Return for Assessment Year 2015-16
The new Income Tax Return forms being recently notified for assessment year 2015-16, filers can do an easy check of their annual tax liability on a new computer-based 'calculator' launched by the Central Board of Direct Taxes. With the new Income Tax Return (ITR) forms being recently notified for assessment year 2015-16, filers can do an… Read More
Company law amendments will improve ease of doing business
The fresh amendments to the Companies Law will go a long way in improving ease of doing business as commented by the Institute of Chartered Accountants of India. The institute also welcomed the government's decision to set up an expert committee "to look into nitty-gritty and iron out creases". The proposed panel will also look… Read More
Sebi enhances vigil for money laundering through stock market
The Securities and Exchange Board of India has found hundreds of entities to have devised such unauthorised schemes to launder black money and evade taxes and is currently probing many other such cases. To check laundering of black money through stock market platform, regulator has enhanced its vigil for the entities engaged in such illicit trades… Read More
Due Date for withdrawal of all old series of Banknotes issued prior to 2005 deferred to 31st December, 2015
RBI/2014-15/650 DCM(Plg) No.G-15/5486/10.27.00/2014-15 June 26, 2015 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks Primary (Urban) Co-operative Banks/RRBs Dear Sir /Madam Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to our circular DCM (Plg) No. G-19/3880/10.27.00/2013-14 dated March 03, 2014, DCM (Plg) No. G-8/3004/10.27.00/2014-15 dated December 31,… Read More
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