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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Clarification on transitional period for resolutions passed under CA 2013
The Ministry of Corporate Affairs has issued a circular no. 32/2014, dated 23.07.2014 with respect to provide clarification on the transitional period of the resolutions passed under CA 2013, which says that many companies have passed the resolutions which were at different stages of implementation after coming into force of the Companies Act, 2013 (New… Read More
Revised Pricing Guidelines w.r.t. FDI in Issue/Transfer of shares or convertible debentures
RBI/2014-15/129 A. P. (DIR Series) Circular No. 4 July 15, 2014 To, All Category I Authorised Dealer Banks Madam/Sir, Foreign Direct Investment (FDI) in India - Issue/Transfer of Shares or Convertible Debentures - Revised pricing guidelines Attention of Authorized Dealers Category I (AD Category - I) banks is invited to Regulation 10(A)(b)(i), para 5 of… Read More
Version of certain e-Forms likely to change from 25th July 2014
The Ministry of Corporate Affairs has issued a notice drawing attention of the general public that the versions of the following e-Forms is likely to change from 25.07.2014 which are as follows: (1). CHG - 1 (2).CHG - 4 (3). FC - 2 (4). FC - 4 (5). Form 20B (6). Form 2LLP (7). Form… Read More
FM directs Income Tax Officials to be firm with Tax Evaders
Finance Minister Shri Arun Jaitley asked the Income Tax officials on Monday to deal with the tax evaders in a non- intrusive and fair manner but to deal firmly with the tax evaders. The Minister also added that the officers should make serious efforts to unearth the black money within the country "which is quite… Read More
Extension of validity of reserved names
The Ministry of Corporate Affairs has issued a Circular No. 31/2014 dated 19.07.2014 with respect to extension of time for the validity of reserved names made in INC 1 under the Companies Act, 2013 for which the service provider of MCA-21 has brought to the notice of ministry that there has been plethora of cases… Read More
Indian Inc gets relief under CA 2013
After the Ministry's clarification last week on related party transactions the Indian Inc has got some relief from the stringent provisions contained in the related party transactions. To begin with, a circular issued by the ministry of corporate affairs exempted contracts entered before the commencement of the act from the conditions. Contracts of related… Read More
ICWAI Central Council resigned
The recently notified cost audit rules as per Companies Act, 2013 has become a matter of sorrow and great concern as the notified rules curtailed the cost accountant's profession scope by increasing the threshold of net worth from 5 crores to 500 crores thereby exempting a large number of manufacturing companies from having cost audit… Read More
Form MGT 14 to be filed in new version from 21st july 2014
The Ministry of corporate affairs has issued an important notice with respect the filing of form MGT 14, version of which is likely to be changed from 21st july 2014. So, due care shall be taken filing the form at the website as the version can be downloaded from the ministry's website.As per the latest… Read More
Reporting under Foreign Direct Investment
RBI/2014-15/133 A.P. (DIR Series) Circular No. 6 July 18, 2014 To All Category - I Authorised Dealer banks Madam / Sir, Foreign Direct Investment Reporting under FDI Scheme 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… Read More
Amendment in Companies (Specification of definitions details) Rules, 2014
The Ministry of Corporate Affairs has amended Rule 3 of the Companies (Specification of definitions details) Rules, 2014 and has issued Companies (Specification of definition details) Amendment Rules, 2014 dated 17.07.2014 which shall come into force from the date of publication in the official gazette. The explanation of Rule 3 readwith 2(76) of the Act,… Read More
Companies (Miscellaneous) Rules, 2014 amended
The Ministry of Corporate Affairs has made an amendment in the Companies (Miscellaneous) Rules, 2014 dated 17.07.2014 to insert a new Sub Rule 11 after Rule 10 in the said rules, which shall be as under: Rule 11: Applications or forms pending before Central Government, Regional Director or Registrar of Companies - Any application or… Read More
Increase in remittance limit from USD 75,000 to USD 1,25,000 for resident individuals
The Reserve Bank of India has issued a circular A.P.(DIR Series) No. 5 dated 17.07.2014 to liberalise the remittance scheme for the resident individuals from USD 75,000 to USD 1,25,000 per financial year. According , now the permission has been granted to remit up to USD 1,25,000 per financial year, under the scheme for any… Read More
Registration of names to be in consonance with the Emblems and Names (Prevention of Improper use) Act, 1950
The Ministry of Corporate Affairs has issued a Circular No. 29/2014 dated 11.07.2014 in continuation of circular 2/2014 and 26/2014 with respect to the clarification for Registration of names and has further clarified certain norms which state the name registration shall be in consonance with the provisions of the Emblems and Names (Prevention of Improper… Read More
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