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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SEBI Board Meeting – Tax related Policies for MFs, Review of Corporate Governance and other decisions
The SEBI Board met in New Delhi today and inter-alia took the following important decisions: I. Review of Corporate Governance norms in India for listed companies The Board has approved the proposals to amend the Listing Agreement with respect to corporate governance norms for listed companies. The amendments, inter-alia, propose to align the provisions of… Read More
Amendments in form FC-GPR – Foreign Direct Investment Reporting under FDI Scheme
RBI/2013-14/490 A.P. (DIR Series) Circular No.102 February 11, 2014 To All Category - I Authorised Dealer banks Madam / Sir, Foreign Direct Investment Reporting under FDI Scheme: Amendments in form FC-GPR Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to provisions of the Foreign Exchange Management (Transfer or Issue of Security… Read More
Increase in FDI in Pharmaceutical Sector
The Foreign Direct Investment (FDI) in pharmaceutical sector jumped by 86.42% from US $ 580.32 million during April-October 2012 to US $ 1081.81 million during the corresponding period April-October, 2013. Out of this, FDI inflow under FIPB approval/ acquisition route during the period April-October, 2012 and April-October, 2013 is US$ 134.62 Million and US$ 1073.67… Read More
Liberalizing FDI Policy
Government has put in place an investor-friendly policy on FDI, under which FDI, up to 100%, is permitted, under the automatic route, in most sectors/activities. Significant changes have been made in the FDI policy regime in the recent times, to ensure that India remains an attractive investment destination. In a recent review of the policy,… Read More
How to identify pre-2005 currency notes
This note has the year of printing clearly printed in the middle of the bottom row on the backside. The Reserve Bank of India (RBI) has announced its plans to withdraw all currency noted issued before 2005. Financial experts believe that the move is largely aimed at removing fake or counterfeit currency embedded into the… Read More
Online Transfer of Provident Fund
A revised transfer claim settlement process has been started through an Online Transfer Claim Portal to smoothen the process of transfer of PF accounts. The revised process has following features:- (i) The claim can be submitted by the member in the online mode in addition to physical mode. (ii) The claim can be submitted through… Read More
Survey of India™s Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13
The Reserve Bank of India today released, on its website, the datarelated to the results of Survey of India's Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13. The data compiled are based on annual survey on India's foreign liabilities and assets (FLA) of the mutual fund companies (MFs) and Asset Management Companies (AMCs)… Read More
Cabinet Approves Amendment to Rights of Persons with Disabilities Bill 2014
The Cabinet on 6 February, 2014 approved the proposal of the Department of Disability Affairs to incorporate amendments in the proposed Rights of the Persons with Disabilities Bill, 2014, which are:- Definition of person with disability in terms of interaction with barriers also; High support needs person enabled to take independent and inform decision also;… Read More
Bhartiya Mahila Bank
Bharatiya Mahila Bank (BMB) as part of its initial expansion plan has requested the Finance Secretaries of 17 State Governments, inter-alia, to consider allotting space for setting up of branches of the bank in State Government buildings or State Corporation buildings at a token lease of Rs.1. BMB has received response only from two States… Read More
Introduction of Rs 10 Plastic Notes in select cities
It has been decided to introduce plastic notes in the denomination of Rs. 10. One billion plastic notes of the denomination of Rs. 10 will be introduced in a field trial in five cities selected for their geographical and climatic diversity. These cities are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar. The field trial is expected… Read More
RBI releases Report of the Committee on Financial Benchmarks
The Reserve Bank of India has, today, placed on its website, the Report of the Committee on Financial Benchmarks. It may be recalled that the Reserve Bank had announced the constitution of the Committee on Financial Benchmarks (Chairman: Shri P. Vijaya Bhaskar, Executive Director) on June 28, 2013 with a mandate to study various issues… Read More
RBI releases Report of the Technical Committee on Mobile Banking
The Reserve Bank of India has today released, on its website for public comments, the "Report of the Technical Committee on Mobile Banking". The comments may be emailed sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001… Read More
Sexual Harassment Act – Reported incidents’ data
The National Crime Records Bureau (NCRB) does not maintain data exclusively on sexual harassment at workplaces. However, the State/UT wise data of complaints registered with National Commission for Women (NCW) for sexual harassment of women at work places during the last three years and the current year is as given below. State 2010 2011 2012 2013 (as… Read More
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