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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Parliament passes Securities Laws (Amendment) Bill, 2014 give more powers to SEBI
Rajya Sabha on Tuesday passed the Securities Laws (Amendment) Bill, 2014 which seeks to empower Securities and Exchange Board of India and facilitate a crackdown on Ponzi schemes which are used to fleece the poor. The bill which gives the Securities and Exchange Board of India (Sebi) the power to search premises, effect seizures and access call data… Read More
Version of certain e-Forms to change w.e.f 15th August, 2014
The Ministry of Corporate Affairs has issued a General Notice stating that the version of the following e-Forms shall be changed w.e.f 15th August, 2014: 1. CHG-9 2. INC-7 3. INC-1 4. MR-1 The general public is hereby informed that the latest version date can be seen in the forms tab at the Ministry's website… Read More
One Time Opportunity Company Law Settlement Scheme, 2014
The Ministry of Corporate Affairs has issued circular no. 34/2014 dated 12th August, 2014 providing one time opportunity by introducing the Company Law Settlement Scheme, 2014 in order to provide the facility to the corporate to file the Annual Returns and Annual Financial Statements as it was observed that a large number of companies have… Read More
Version of e-forms CHG-9,INC-1 and MR-1 to change w.e.f 14th August 2014
The Ministry of Corporate Affairs has issued a notice to state that version of certain e-forms CHG-9,MR-1 and INC-1 is likely to change with effect from 14th August, 2014. The dates have been specifically mentioned for every form with respect to the date of latest updated version. So, the stakeholders are requested to plan their… Read More
Liberalised Remittance Scheme for resident individuals-clarification
RBI/2014-15/171 A. P. (DIR Series) Circular No. 19 August 11, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Liberalised Remittance Scheme for resident individuals-clarification Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 5 dated July 17, 2014, in terms of which it was… Read More
Revision in Statutory fee for filing application for Registration of Trademark
The "Ministry of Commerce, Department of Industrial Policy & Promotion" vide notification dated 1st August, 2014 has revised the Statutory Fee payable to the Trademark Registrar on making an application for registration of a Trademark (Form TM-1) to Rs. 4,000/- from existing fee of Rs. 3,500/- for every Application in Single Class. Similarly Statutory Fee for "Application for the… Read More
RBI announces rate of interest on Floating Rate Bonds for Period August 2014-August 2015
The rate of interest on the Floating Rate Bonds, 2015 (II) [FRB, 2015(II)] applicable for the year (August 10, 2014 to August 9, 2015) shall be 9.18 per cent per annum. It may be recalled that the rate of interest on the FRB, 2015(II) was set at a mark-up (as decided in the auction held… Read More
High returns in less time may lead to big troubles says SEBI
Capital markets regulator Sebi has launched an all-out mass media campaign to make the public aware about troubles of investing on hearsay and in pursuit of high returns in less time. Using various media including TV, radio and print, the Securities and Exchange Board of India is specially targeting the collective investment schemes (CIS) wherein investors are promised doubling… Read More
Amendment notification w.r.t. Schedule VII under CA 2013
The Ministry of Corporate Affairs issued a notification dated 6.08.2014 with respect to amendment in Schedule VII under the CA 2013 with respect to section 135 of the act which contains the provisions of Corporate Social Responsibility. The Schedule VII under the act contains the terms of reference for devising the policy and the charter… Read More
RBI all set for the Statutory liquidity ratio (SLR) cut for future planning
Reserve Bank of India has lowered statutory liquidity ratio (SLR) by 50 basis points and told banks to prepare themselves for higher credit growth when the economy picks up. Governor Raghuram Rajan said that the reduction in SLR might not spur credit growth immediately but it would enable banks to meet credit demand whenever necessary.… Read More
Major relief for withdrawal of funds under para 68B of EPF Act, 1952
The Employees Provident Fund Organisation (Ministry of Labour) has issued a notification to provide major relief towards manner of withdrawal of funds under para 68B of EPF Act, 1952 for housing purpose. The Form 31 which talks about the withdrawal from the Fund for the purchase of a dwelling house/flat or for the construction of a… Read More
Foreign Trade Policy for 2014-19 to be out by the end of this month
The Ministry of Commerce and Industry is expected to announce the new five-year foreign trade policy (2014-19) by the end of this month as it seeks to boost manufacturing and exports, among other things. The Director General of Foreign Trade is giving final touches to the policy. The new policy would focus on wide range… Read More
RBI may focus on easing fund flow and cut down rates
The Reserve Bank of India is unlikely to cut rates at its August 5, 2014 monetary policy announcement, but may prepare ground for an easier rate regime by introducing some liquidity measures. Meanwhile, indicators of an imminent revival in growth will take the pressure off the central bank as it focuses on its anti-inflation campaign.… Read More
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