eMinds Legal - Corporate Law Reporter

Companies (Indian Accounting Standards) Rules, 2015

The Ministry of Corporate Affairs has issued a Notification dated 16th February, 2015 and has notified the road map for the applicability of the Indian Accounting Standards (Ind AS) for compliance by the class of companies specified in the said roadmap. Further, the notification has been uploaded on www.mca.gov.in along with the Thirty Nine (39)… Read More

Master Class on ” Due Diligence” from 26th – 27th February, 2015 at Mumbai

Due to inadequate investigation and inappropriate valuation computation, many capital acquisitions and disposals have resulted in disappointment for both buyers and sellers.The due diligence process is the one shot, most investors get at ascertaining the true state of a business and what price they should pay for it. This two day workshop will provide an… Read More

Multiple IEC’s issued against single PAN to be deactivated post 31st March, 2015

The Director General of Foreign Trade has issued a Public Notice dated 17th February, 2015 to provide a clarification on the Importer Exporter Code No.s (IEC) which have been issued against a single PAN No. and hence it requires some corrective action to maintain the data integrity and consistency with the policy. Therefore in exercise… Read More

Tax Incentives likely for Swachh Bharat, Clean Ganga initiatives in the Budget 2015

Finance Minister is likely to provide tax incentives in Budget to encourage companies to participate in Swachh Bharat Abhiyan and Clean Ganga campaign as part of mandatory two per cent CSR spending. "The Ministry is working on tax incentives for these two major schemes of the Narendra Modi government and some announcements are likely in… Read More

Companies (Removal of Difficulties) Order, 2015

The Ministry of Corporate Affairs has issued a Companies (Removal of Difficulties) Order, 2015 dated 13th February, 2015 and has removed the difficulty with respect to the following clause: And whereas, clause (85) of section 2 of the said Act provides for definition of the term "small company"; And whereas, clause (b) of sub-section (11)… Read More

Scope of Secretarial Audit under Companies Act, 2013

The Institute of Company Secretaries of India has come out with a scope of Secretarial Audit for reporting on compliance of other laws as may be applicable specifically to the company which shall include all the laws which are applicable to specific industry. The institute with a view to facilitate the members to conduct the… Read More

Tax Benefits and Duty Cuts placed on top priority by the Industry in the Budget wish list

As the Budget day approaches, various sectors are lobbying hard for tax benefits and duty cuts while a few others want the government to ensure a stable and predictable taxation regime. The groups and consultants lobbying for MNCs want the government, in the Union Budget on February 28, to bring in clarity on taxation in case of… Read More

ASTRAZURE presents Seminar on FEMA Regulations & Foreign Investments on 20th February, 2015 at Gurgaon

Astrazure Presents FEMA Regulations and Foreign Investments 20th February , 2015 (Friday) at Gurgaon INTRODUCTION In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange… Read More

Overseas Direct Investment for January 2015

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of January 2015. Ajit Prasad Assistant General Manager Press Release : 2014-2015/1717 Read More

Landmark amendment proposed to amend the Employees Provident Fund Act, 1952

Great concern over the amendments to be proposed in the Employees Provident Fund & Miscellaneous Provisions Act, 1952 were deliberated on a very large scale in a meeting chaired by the Hon'ble Union Minister of State (Independent charge) for Labour & Employment. The main proposal for amendments in the Employees™ Provident Fund & Miscellaneous Provisions… Read More

FDI – Reporting under FDI on the e-Biz platform

RBI//2014-15/468 A.P (DIR Series) Circular No.77 February 12, 2015 To All Category I Authorised Dealer Banks Madam/Sir Foreign Direct Investment Reporting under FDI Scheme on the e-Biz platform Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a… Read More

RBI releases its Monthly Bulletin for February 2015

The Reserve Bank of India today released the February 2015 issue of its monthly Bulletin. The Bulletin includes the Sixth Bi-Monthly Monetary Policy Statement, 2014-15 and speeches by the Top Management as well as Current Statistics. Also included are three articles: 1. Annual Census on Foreign Liabilities and Assets of Indian Companies: 2013-14; 2. International… Read More

Master Class on Due Diligence by VC Circle at Mumbai from 26th to 27th February, 2015