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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RBI/2014-15/494 IDMD(DGBA).CDD.No.4052/15.02.006/2014-15 March 11, 2015 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/ Bank of Maharashtra/Canara Bank/Central Bank of… Read More
Availability of new e-Forms at MCA portal w.e.f 11th March, 2015
The Ministry of Corporate affairs has issued a General Notice to inform all the stakeholders regarding the availability of the certain new e-Forms on the MCA portal with effect from 11th March, 2015. The following e-Forms shall be available: Form MGT-3 : Notice of situation or change of situation or discontinuation of situation, of place where… Read More
Clarification under Section 185/ 186 of the CA 2013 w.r.t advancing loans to employees
The Ministry of Corporate Affairs has issued a general circular no 04/ 2015 dated 10th March, 2015 to provide clarification with respect to advancing loans to employees would attract Section 185 or 186 or not. 1.Ministry has received a number of references seeking clarification on the applicability of provisions of section 186 of the Companies… Read More
Housing Loans: Review of Instructions
RBI/2014-15/491 DBR.BP.BC.No.74/08.12.015/2014-15 March 5, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Loans: Review of Instructions A. Inclusion of stamp duty and other charges in LTV ratio Please refer to our circular DBOD.No.BP.BC.78/08.12.001/2011-12 dated February 3, 2012 on ˜Housing Loans by Commercial Banks - Loan to Value (LTV) Ratio™ whereby banks were advised that they… Read More
Foreign Investors raised various tax related issues at a meet with the FM
Foreign investors on Saturday raised several tax-related issues with Finance Minister Arun Jaitley at a meeting organised by the National Stock Exchange (NSE). According to sources, issues regarding applicability of minimum alternate tax (MAT) and permanent establishment (PEs) were discussed with the finance minister. JPMorgan, HSBC and Morgan Stanley were among the foreign portfolio… Read More
Govt. raises FDI in Insurance Sector to 49%
The government has raised the FDI cap in insurance from 26 to 49% through a notification issued by the DIPP. The limit is composite in nature as it includes foreign investment in forms of foreign portfolio investment, foreign institutional investment, qualified foreign investment, foreign venture capital investment and non-resident investment. The Insurance Bill, which has been… Read More
Term Repo Auctions during March 2015
In order to address the anticipated tightening in liquidity conditions on account of advance tax payments by corporates commencing mid-March 2015 and with a view to providing flexibility to the banking system in its liquidity management towards March-end 2015, the Reserve Bank of India will conduct term repo auctions of appropriate amounts and tenors (in… Read More
Buy Back under Companies Act, 2013: Simplified Law
PERMITTED RESOURCES AND PERMITTED METHODS FOR BUY-BACK OF EQUITY SHARES Buy-back can be done out of” (a) free reserves; (b) securities premium account; or (c) proceeds of the issue of any shares or other specified securities except out of the proceeds of an earlier issue of the same kind of shares.… Read More
Clarification in relation to filing of Form DIR-11 & DIR-12 under the CA 2013
The Ministry of Corporate Affairs has issued a circular No. 03/2015 dated 3rd March, 2015 to provide clarification relating to filing of e-Form DIR-11 & DIR-12 under the Companies Act, 2013. The difficulty arises because of automatic deactivation of DSC on filing of DIR-1 I (Notice of resignation of a director to the Registrar) by… Read More
Workshop on “Corporate Finance” by VC Circle at Mumbai on 13th March, 2015
In a business every decision made has financial implications, and any decision which involves the use of money is a corporate financial decision. In short, every activity that a business does fits under the rubric of corporate finance. Corporate finance is primarily concerned with maximizing shareholder value through long-term and short-term financial planning and the… Read More
Master Class on “Drafting and Negotiating Commercial Contracts” by VC Circle at Mumbai
In today™s highly competitive and cost-conscious environment, negotiating and drafting commercial contracts is an important part of business activity. Over 85% of business transactions are governed by contracts and hence it is necessary that contracts be aligned with business expectations. It requires legal professionals to be well versed with the drafting techniques and expertise to… Read More
3rd National Conference on ” Value Creation through Mergers & Acquisitions” on 25th March, 2015 at New Delhi
3rd National Conference on Value Creation through Mergers & Acquisitions Challenges and Opportunities Based on the Actual Case Study Wednesday, 25th March, 2015 Hotel Shangri-La, New Delhi The Indian economic reforms have opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted… Read More
Changes in Service Tax Rules in Budget 2015
In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely:- 1. (1) These rules may be called the Service Tax (Amendment) Rules, 2015. (2)… Read More
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