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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Setting up of IFSC Banking Units (IBUs)
RBI/2014-15/533 DBR.IBD.BC. 14570/23.13.004/2014-15 April 1, 2015 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Setting up of IFSC Banking Units (IBUs) Please refer to the Reserve Bank of India Notification No. FEMA.339/2015-RB dated March 02, 2015 (copy enclosed) under FEMA 1999 on Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 setting out… Read More
Companies (Acceptance of Deposits) Amendment Rules, 2015
In exercise of the powers confered by sections 73 and 76 read with sub-section (l) of section 469 of the Companies Act, 2013 (lg of 2013), the Central Government hereby makes the following rules further to amend the Comparies (Acceptance of Deposits) Rules, 20 I 4, namely:- 1. (l) These rules may be called the… Read More
Release of Foreign Trade Policy 2015-20
HIGHLIGHTS OF THE FOREIGN TRADE POLICY 2015-2020 A. SIMPLIFICATION & MERGER OF REWARD SCHEMES Export from India Schemes: 1. Merchandise Exports from India Scheme (MEIS) (a) Earlier there were 5 different schemes (Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri.Infrastructure Incentive Scrip, VKGUY) for rewarding merchandise exports with different kinds of duty scrips with varying conditions (sector… Read More
Amount received by private companies from their members, directors or their relatives before lst April, 2014 – Clariflcation regarding applicability of Companies (Acceptance of Deposits) Rules, 20l4
The Ministry of Corporate Affairs has issued a General Circular No. 5/2015 dated 30th March, 2015 to provide clarification on the amounts received by the private companies before the commencement of the Act which is as follows: 1.Stakeholders have sought clarifications as to whether amounts received by private companies from their members, directors or their… Read More
Establishment of connectivity with both the Depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement
It was prescribed vide SEBI circular no D&CC/FITTC/CIR-05/2001 dated December 26, 2001 that "the scrips of such companies which have not signed agreements and established connectivity with both the Depositories by September 30, 2001 shall be traded on Trade for Trade Settlement (TFTS) mode in the Rolling Settlement from December 31, 2001. These scrips will… Read More
Revised Regulatory Framework for NBFCs
RBI/2014-15/520 DNBR (PD) CC.No. 024/ 03.10.001/ 2014-15 March 27, 2015 All NBFCs (excluding Primary Dealers) Dear Sirs, Revised Regulatory Framework for NBFCs Please refer to the revised regulatory framework issued vide DNBR (PD) CC.No. 002/ 03.10.001/ 2014-15 dated November 10, 2014 (the circular). At para 14 of the circular it was mentioned that the Notifications… Read More
DIPP moves cabinet to permit composite caps on FDI
In an effort to simplify the foreign direct investment regime, the department of industrial policy and promotion has moved a note to the Cabinet to do away with the distinction between different types of foreign investments through a composite cap on foreign investments. The move, aimed to promote ease of doing business in India, was… Read More
SEBI sets cap on application money; requires issuer to demand 25% of issue price in case of part payment
1.These regulations may be called the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2015. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, (i) in regulation 4, in sub-regulation… Read More
Amendments made to SEBI’s important regulations
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2015 The Board has come out with certain alterations in Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, by making amendments in the following regulations: ”€ i. After Regulation 17, a new… Read More
Companies can access all the professional services as a one step solution very soon
In a move that could significantly alter the road map of corporate compliance, audit and consulting, three professional bodies are preparing a regulatory framework to allow a single entity to provide all such services to a company as early as this year. The Institute of Chartered Accountants of India, the Institute of Company Secretaries of… Read More
Acquisition/transfer of immovable property Prohibition on citizens of certain countries
RBI/2014-15/495 A.P.(DIR Series) Circular No.83 March 11, 2015 To All Category I Authorised Dealer Banks Madam / Sir, Acquisition/transfer of immovable property Prohibition on citizens of certain countries Attention of Authorised Dealers in Foreign Exchange is invited to Regulation 7 of Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2000 notified… Read More
Training on Introduction to PE/VC Financing at Delhi on 24th April, 2015
Getting a company off the ground and even its expansion requires money and raising the right kind of finance is still difficult in India. Private equity is an increasingly important source of finance for companies with high-growth potential. The goal of private equity is to recognize and help more businesses achieve their objectives for growth… Read More
Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues
RBI/2014-15/508 DBR.No.BP.BC.78/21.04.048/2014-15 March 20, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues Please refer to paragraph 6 of the circular DBOD.BP.BC.No.96/21.04.048/2002-03 dated April 23, 2003, wherein disclosure requirements relating to sale of non-performing assets (NPAs) to Securitisation… Read More
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