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 Applicability on matters relating to Related party Transactions
The Ministry of Corporate Affairs has issued a circular no. 30/2014 dated 17.07.2014 in order to provide clarification with respect to the matters relating to Related Party transactions as specified under section 188 of the Companies Act, 2013. The provision as laid down in section 188(1) of the Companies Act, 2013 is contained herein below:… Read More
Recognition to partly paid-up equity and warrants as FDI Compliant Instruments
The Reserve Bank of India has issued a (A.P. DIR Series) Circular No. 3 dated 14.07.2014 with respect to the regulations made there under in regard with Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 in terms of which only equity shares and compulsorily convertible preference shares… Read More
Clarification on ‘Clause V’ of the Related Party under CA 2013
The Ministry of Corporate Affairs has issued Companies (Removal of Difficulties) Fifth Order, 2014 dated 09.07.2014 with respect to clarification on Clause V in the definition of Related Party Transactions in which the word 'or' shall be substituted with 'and' as the stakeholders were facing a lot obstacles in Clause V contained in the definition.… Read More
Relief provisions for SEZ’s in pipeline with the government
The amid expectations of the Special economic zones with respect to the tax concessions may not have found a way in the Budget but the Government is working on the comprehensive package which is currently in pipeline for the SEZ's for granting various incentive schemes and exemptions to boost the investments, exports and overall economic… Read More
Brief overview of the compliances for Private Companies under CA 2013
The main change in the definition of a private company is in the increase in the limit of the number of members from 50 to 200 . Secondly, the definition does not state that a company inviting or accepting deposits from persons other than its members, directors or their relatives cannot be a private company.… Read More
FM takes fizz out of Colas and kicks smokers
The Minister of Finance has taken the fizz out of the Indian Beverage Industry, while his budget proposal of increasing excise duty on aerated drinks with added sugar like Coke, Pepsi initially have been targeted but it seems that this increase would further apply to even the sports drinks and other flavored drinks with sugar… Read More
FDI Highlights in Union Budget 2014-15
The Finance Minister has set himself to uproot the situation of Fiscal Crisis in India and have set out a target to be achieved in the fiscal year 2015 at 4.1%. Further, he has tried to repose the confidence amongst the foreign investors by increasing the FDI limit in some sectors and has also abolished… Read More
Clarification on Clause V in the definition of ‘Related Party’
The Ministry of Corporate Affairs has issued Companies (Removal of difficulties) Fifth Order, 2014 dated 9th July, 2014 in order to provide clarification with respect to the clause V in the definition of Related Party which contained the word 'or' shall now be substituted with 'and' as the position became difficult because of the use… Read More
MGT – 14 now under Straight Through Process Mode
The Ministry of Corporate Affairs has issued a Circular No. 28/2014 dated 9th July, 2014 in order to clarify the issues faced by the stakeholders in the approval of e-form MGT-14 which would now be filed under Straight Through Process Mode in all the cases except for change of name, change of object, resolution for… Read More
Hope for a positive, balanced and sustainable Budget 2014
Industry sentiments have been extremely positive and hopeful from the day the new Government has taken up.The eyes are on the new maiden Budget of Modi's Cabinet Minister Shri Arun Jaitley, as the Prime Minister is seeing this year's budget to be gleaming white. The new government is turning impatient to make a move towards… Read More
Master Circular Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998
RBI/2014-15/53 DNBS (PD) CC No 379/03.02.001/2014-15 July 1, 2014 To All Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sirs, Master Circular Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 As you are aware, in order to have all current instructions on the subject at one place, the… Read More
Stakeholders expectations rising as Union FM Shri Arun Jaitley to present maiden Budget 2014
The Union Finance Minister Shri Arun Jaitley will present his Budget proposal on Thursday i.e. 10th July, 2014 with an extensive effort to meet the demand of tax sops of the middle class community and to curb the current pursuing fiscal deficit to increase investment and growth. The Budget 2014-15 will be presented by the… Read More
SEBI Guidelines w.r.t Delivery Instruction Slips deferred till 1st October, 2014
The Stock and Exchange Board of India has issued a circular dated 4th July, 2014 in order to clarify the issues and obstacles with regard to the earlier guidelines issued to strengthen and monitor the process of Delivery Instruction Slips with the DP's for which the body had earlier issued a guideline on 7th January,… Read More
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