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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Mandatory On-line filing of Copyright Application
Copyright Registration cannot be applied physically after 01.08.2014 as copyright Department is closing its physical filing counter. After 01st August, 2014 only online application can be submitted to Copyright Department. The physical filing at Copyright Department cannot be done after 01st August, 2014. As, Copyright Department was having only one filing counter overall India at… Read More
FII’s capital inflow increases as stable government in India
The Foreign inflow of capital has increased and has been phenomenal over the past many years when the comparison was made with the previous years stats. India has become FII's favorite as the stable government is now in place. There has been a total infusion investment in foreign currency in India over $6 billion alone… Read More
Version of certain e-Forms changed w.e.f 2nd August, 2014
The Ministry of Corporate Affairs issued a general notice to draw the attention of all the stakeholders as version of certain e-Forms i.e.INC-1, INC-2, INC-7, CHG-1,CHG-9 and FC-3 has changed with effect from 2nd August, 2014. So, a request is made to all the stakeholders to plan accordingly while filing such e-forms in order to… Read More
Low tax regime to boost Industry growth and employment opportunities says FM
The Hon'ble Minister of Finance Shri Arun Jaitley, announced some concessions for the mutual fund industry and the Income Tax payers while declaring that this Government is not a high tax government rather we will move into he phase of low tax regime thereby flourishing Industrial growth and creating more and more employment opportunities. Jaitley,… Read More
Clarification of the provisions w.r.t Appointment of Auditor by C & AG under CA 2013
The Ministry of corporate affairs issued a circular no. 33/2014 dated 31.07.2014 in order to provide clarification in respect of the representations received for the appointment of auditors by Comptroller and Auditor General of India for the deemed Government Companies as previously contained in Section 619B of the Companies Act, 1956 i.e. companies where the… Read More
Cost ceiling w.r.t. trade credits for Imports into India to apply till 31st Dec.2014
RBI/2014-15/152 A.P. (DIR Series) Circular No.16 July 28, 2014 To, All Category - I Authorized Dealer Banks Madam / Sir, Trade Credits for Imports into India ” Review of all-in-cost ceiling Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 122 dated April 10, 2014 relating to the all-in-cost ceiling… Read More
Cost ceiling specified in ECB policy to apply till 31st December, 2014
RBI/2014-15/153 A.P. (DIR Series) Circular No.17 July 28, 2014 To, All Category - I Authorized Dealer Banks Madam / Sir, External Commercial Borrowing (ECB) Policy ” Review of all-in-cost ceiling Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 121 dated April 10, 2014 relating to the all-in-cost ceiling for… Read More
Big relief for Companies as maintaining Registers and Records under CA 2013 in electronic form made optional
The Ministry of Corporate Affairs issued Companies (Management and Administration) Second Amendment Rules, 2014 dated 24.07.2014 giving a sense of big relief to the companies w.r.t. Compulsory maintenance of registers and records in electronic form under Companies Act, 2013 as it was probing as an obstacle for the companies because of lack of clarity on… Read More
CSR spending details to be available from September 2015
Details about companies' social welfare spending activities under CSR norms would be available to the government only after September next year. This was informed by Corporate Affairs Minister Arun Jaitley while replying in the House to queries on CSR. Under the new Companies Act, certain class of entities are required to shell out at least two per cent of their… Read More
Foreign Investment in India by SEBI registered long term investors in Government Dated Securities
RBI/2014-15/145 A. P. (DIR Series) Circular No. 13 July 23, 2014 To, All Authorised Persons Madam/ Sir, Foreign investment in India by SEBI registered Long term investors in Government dated Securities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by… Read More
Companies (Management and Administration) Second Amendment Rules, 2014
The Ministry of Corporate Affairs has issued the Companies (Management and Administration) Second Amendment Rules, 2014 dated 24.07.2014 in order to insert certain other provisions in respect of the rules specified therein. 1. The sub- rule 3 of rule 9 of the said rules which talks about the Declaration of Beneficial Interest, the following proviso… Read More
Clarification notification on Section 203(1) under CA 2013
The Ministry of Corporate Affairs has issued a clarification notification S.O.(E) dated 25.07.2014 with respect to provide clarification in second proviso to sub-section (1) of section 203 of the Companies Act, 2013 which talks about the classes of companies which have appointed one or more chief executive officer as Key Managerial Personnel for multiple business… Read More
Companies (Removal of Difficulties) Sixth Order, 2014 w.r.t. ‘related party’
The Ministry of Corporate Affairs issued Companies (Removal of Difficulties) Sixth Order, 2014 dated 24.07.2014 in order to provide clarification with respect to the "related party" as the difficulties have arisen due to he absence of the word 'relative' in the sub-clause (iv) in the said definition although such word has occurred in sub-clauses (i),… Read More
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