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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RRBs – Financial Inclusion by Extension of Banking Services – Use of Business Correspondents
RBI/2014-15/281 RPCD.CO.RRB.BC.No. 38 /03.05.33/2014-15 October 29, 2014 All Regional Rural Banks Dear Sir/Madam, Financial Inclusion by Extension of Banking Services Use of Business Correspondents Please refer to paragraph 26 of the First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014 which stated that On financial inclusion, the fourth pillar, the recommendations of the… Read More
SEBI pressurizes Sahara group to sell off hotels abroad
The Securities and Exchange Board of India (SEBI) has accused Sahara for deliberately not selling off the hotels located abroad to comply with the order of SEBI to repay the investors of Sahara. The Supreme Court of India has asked Sahara to repay the money to the investors and the regulator had filed a petition… Read More
RRBs/StCBs/CCBs KYC Clarification on Proof of Address
RBI/2014-15/288 RPCD.RRB.RCB.AML.No.4424/07.51.018/2014-15 October 31, 2014 Regional Rural Banks (RRBs) / State / Central Cooperative Banks (StCBs/CCBs) Madam / Dear Sir, KYC Clarification on Proof of Address Please refer to our circular RPCD.RRB.RCB.AML.BC.No.111/07.51.018/2013-14 dated June 12, 2014 on the captioned subject. In this regard we also draw your attention to our circular RPCD.RRB.RCB.AML.No.2797/07.51.018/2014-15 dated September 9, 2014, forwarding copies… Read More
Government eased FDI norms for construction, real estate sector
The MODI government has eased the foreign investment rules in construction to attract money into the sectors which are short of funds and serve its dual objectives as promised of creation of more and more employment opportunities and all the Indian families shall have their own roof to live in. The Union Cabinet has approved… Read More
Seminar on PE/VC Exit Strategies by VC Circle at Mumbai on 21st Nov,2014
The most successful exits require considerable planning. The sooner you start, the more rewarding your eventual exit is likely to be. The range of exit strategies includes taking the company public through an initial public offering (IPO), selling the company to a strategic acquirer or recapitalizing and selling the firm to the management team, also… Read More
Court may declare the judgement date on October 30, 2014 in Satyam Fraud
A local court trying over the case of the big accounting fraud in the case of the Satyam Computers is likely to announce the judgement date on October 30, 2014. An order has been made that all the accused more than 10 in no. which includes the top management, the auditors and other top executive… Read More
Companies with Woman Directors on Board mint more money
The Companies with Woman Directors on their Boards are strengthening in terms of monetary value than those with no women directors on the board. This is not because it is good for your public image and not only because you have to meet government norms rather because it makes good business sense and Boards with… Read More
Spending on CSR mandatory for all public sector companies
In the recent revised guidelines, made by the Department of Public Enterprises the government has made it mandatory for all profit-making central public sector companies to spend money on CSR activities. Besides, these enterprises cannot include money spent on sustainable development efforts under the Corporate Social Responsibility (CSR) scope. The Department of Public Enterprises (DPE)… Read More
Service tax return for period April 2014 to September 2014 deferred till 14th November, 2014
The central board of excise and customs has issued an order no. 02/ 2014 dated 24th October, 2014 to defer the due date for the service tax return in form ST 3. The date has been extended from 25th October, 2014 to 14th November, 2014. All the service providers are requested to plan and initiate… Read More
Amendment to Schedule VII i.e. CSR under the CA 2013
The Ministry of Corporate Affairs has amended the Schedule VII of CSR vide a general notification dated 24th October, 2014 informing the stakeholders to increase the scope of activities for spendings as a part of CSR which are as follows: 1. In item no. (i) after the words ' and sanitation' the words contribution made… Read More
Indian economy likely to grow at faster pace draws huge investments
The country's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi initiates reforms to attract investments in the country. The decision from Modi's election victory earlier in the year helped India's economy growth rate increase for the quarter ending in June. Hope of… Read More
Know Your Customer (KYC) Norms: Clarification on proof of address
RBI/2014-15/273 UBD. BPD (PCB). Cir.No. 22/14.01.062/2014-15 October 22, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms Clarification on proof of address Please refer to our circular UBD.BPD.(PCB).Cir.No.69/14.01.062/2013-14 dated June 10, 2014 on the captioned subject. In this connection we also draw your attention to our circular UBD. BPD (PCB).… Read More
PM Modi brightens the economic prospects with reforms
The Prime Minister Shri Narendra Modi has made certain reforms in the last week by cutting down the fuel prices, pledging to open up the coal mining for the private players. The reforms are seen as some of the most significant since the BJP had come up in the ruling phase by the country's biggest… Read More
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