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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Raised FDI limit changes from 26% to 49% gets notified by DIPP
The Department of Industrial Policy and Promotion (DIPP) has notified changes to the foreign direct investment policy for defence approved by the Government earlier. The foreign direct investment limit has been raised from 26% to 49% but over and above this increased percentage government approval shall be mandatory. Further, it is a composite limit and… Read More
Seminar by VCCIRCLE Training: FEMA & FDI Policy – Emerging Issues and Recent Developments
India is one of the largest FDI destinations in the world. With the relaxation of foreign exchange restrictions, there has been a significant flow of investments into India. At the same time, Indian businesses have been making investments and acquisitions overseas. With the inbound and outbound investments rising, it is essential to understand the rules,… Read More
Revised format for disclosure under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011
The Securities and Exchange Board of India (SEBI) vide circular dated 25th August, 2014 has issued revised disclosure format for reporting under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011. This circular shall come into force with immediate effect. Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011… Read More
SEBI to act firm in high – profile insider trading cases
The apex regulatory body of the Capital Market Securities and Exchange Board of India is acting firm to sensitize the manipulators. SEBI is initiating harsh actions in cases of high-profile insider trading and also glaring the violations thereof. A revision of nearly two-decade old set of insider trading regulations is currently underway and the new… Read More
NBFC’s – Lending against shares
RBI/2014-15/186 DNBS (PD).CC.No. 408 /03.10.001/2014-15 August 21, 2014 All NBFCs with asset size of `.100 cr and above (excluding Primary Dealers) Dear Sirs, NBFCs- Lending against Shares 1.At present, lending against shares carried out by NBFCs is not subject to specific instructions apart from the general prudential regulation applicable to all NBFCs. Lending against shares could… Read More
FDI rules for Multi-brand Retail to apply to e-commerce
The Commerce minister Nirmala Sitharaman has released that FDI rules for multi brand retail shall now apply to e-commerce. The Enforcement Directorate was closely scanning the capital structures of various companies operating in e-commerce when this amendment came up.Few days back the enforcement directorate has tapped a big e-commerce player in the retail market in… Read More
New Amendments to SEBI Act will help curb issues w.r.t Insider Trading
The amendments made in the SEBI Act enabling it to access the records has now given powers to SEBI to enforce insider trading charges. At the same time the powers has got enhanced to a greater extent including the right to search and seizure. "This (access to call records) was a very important requirement. There… Read More
Worst is over for Indian Economy; Modi govt’s measures makes brighter prospects
Let us all have a look on the inevitable questions of today's country about the growth of the nation. The new government has come in, the budget is also out of the way. Do you think that the government is making the right noises and could we clock in above 5.5% growth in this fiscal?… Read More
Government asks SEBI to relax norms w.r.t Follow-on public offerings (FPO)
The government has asked market regulator Securities and Exchange Board of India (Sebi) to allow relaxations in rules for follow-on public offerings (FPOs). For the 2014-15 disinvestment programme, the Centre intends to give more weight to the FPO route than the offer-for-sale (OFS) route, to ensure better participation from retail investors. Both FPO and OFS routes are… Read More
Market hits fresh record highs may touch 31,000 by the end of December
Benchmark indices rallied 1 per cent each in trade on Monday to hit their respective fresh record highs, led by strong buying seen in frontline stocks such as ICICI Bank (BSE 3.54 %), ONGC (BSE 5.33 %), Tata Motors (BSE 3.98 %) and L&T. The S&P BSE Sensex rallied over 300 points to hit its… Read More
Repository of Independent Directors operationalised
As per Section 152 of the Companies Act, 2013 which contains the provisions of the Manner of appointment of Independent Directors, which may be done by accessing the data bank to be maintained by any institution in this regard which shall be authorized by the Central Government. In the light of above, by the virtue… Read More
PM’s Independence Day speech set out a Growing India Model;Urged to follow Good Governance
Prime Minister Narendra Modi in his maiden Independence Day speech spoke on a wide range of issues, from financial inclusion schemes to stressing on need to enhance manufacturing. Modi said that for India to make its presence felt on the global stage, there was immediate need to channelise the talent of the youth. He spoke… Read More
Companies (Meetings of Board and its powers) Second Amendment Rules, 2014
The Ministry of Corporate Affairs has issued a notification with respect to the Companies (Meetings of Board and its powers) Second Amendment Rules, 2014 dated 14.08.2014 bringing out clarification for various issues which have caused a sense of dilemma to all the stakeholders. The amendments are contained herein below: In Rule 3 sub - rule… Read More
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