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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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Articles by eMinds Legal

Foreign Exchange Management Act – Emerging Issues and Recent Developments – VCCircle

Foreign Exchange Management Act -  Emerging Issues and Recent Developments India is one of the largest FDI destinations in the world with the relaxation of foreign exchange restrictions, there has been a significant flow of investments into India. At the same time, Indian businesses have been making investments and acquisitions overseas. With the inbound and… Read More

Incentives to Industries to Boost The Economic Growth

The Ministry has taken a number of measures to boost the industrial growth of the country. These, inter-alia, include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, conceptualisation of Amritsar Kolkata Industrial Corridor (AKIC), launching of the e-biz… Read More

Foreign Investment Proposals cleared by FIPB

The Foreign Investment Promotion Board (FIPB) has approved about 76 proposals since the inception of the Foreign Direct Investment (FDI) policy on the retail sector, from February, 2006 and upto December, 2013. The major sectors, other than retail, in which the Foreign Investment Promotion Board (FIPB) has granted approvals so far are defence, broadcasting, print… Read More

No Service Tax Required to be Paid on Services Provided by Authorised Person to Member of Commodity Exchange

In exercise of the powers conferred by section 11C of the Central Excise Act, 1944 (1 of 1944), read with section 83 of the Finance Act, the Central Government hereby directs that the service tax payable on the services provided by an authorised person or sub-broker to the member of a recognised association or a… Read More

Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits

RBI/2013-14/476DBOD.No.Dir.BC.90/13.03.00/2013-14January 31, 2014All Scheduled Commercial Banks(Excluding RRBs)Dear Sir/ MadamDeregulation of Interest Rates on Non-Resident (External) Rupee (NRE) DepositsPlease refer to our circular DBOD.Dir.BC.71/13.03.00/2013-14 dated November 29, 2013 advising banks that the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit… Read More

Indian Banking: the New Landscape

- Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at the Mint™s Annual Banking Conference, 2014 in Mumbai on January 31, 2014 Sukumar and Tamal, thank you very much, for this invite. I am happy to note that you and your paper- the Mint, have been focussing on the process of change… Read More

Why is Recent Food Inflation in India so Persistent?

- Speech delivered by Shri Deepak Mohanty, Executive Director, Reserve Bank of India,  at the St. Xavier™s College, Mumbai on 13th January 2014 It is an honour for me to deliver this year's Annual Lalit Doshi Memorial Lecture. I thank Principal Dr. Fr. Frazer Mascarenhas, Dr. Aditi Sawant and Ms. Nikita Kohli for this opportunity.… Read More

RBI releases Framework for Revitalising Distressed Assets in the Economy

The Reserve Bank of India today released on its website the Framework for Revitalising Distressed Assets in the Economy. The Framework outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of… Read More

Unconventional Monetary Policy: The Indian Experience with Crisis Response and Policy Exit

Speech by Shri Deepak Mohanty, Executive Director, Reserve Bank of India at the Reserve Bank Staff College (RBSC), Chennai, December 26, 2013 I thank Principal Uma Subramaniam for this opportunity to interact with you on unconventional monetary policy. The seminar is topical and timely. It is now 5 years since the collapse of the Lehman… Read More

Strategy adopted by RBI for Financial Inclusion

 - Speech delivered by Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India at a workshop organised by Government of Madhya Pradesh at New Delhi on January 24, 2014 One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population… Read More

Third Quarter Review of Monetary Policy 2013-14

On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 8.0 per cent; and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per… Read More

RBI revises Bank Rates

RBI/2013-14/468 DBOD.No.Ret.BC.88/12.01.001/2013-14 January 28, 2014 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.64/12.01.001/2013-14 dated October 29, 2013 on the subject. 2. Consequent to the increase in the policy repo rate under the Liquidity Adjustment Facility (LAF) as announced in the Third Quarter Review of Monetary Policy 2013-14 dated… Read More

Withdrawal of all old series of Banknotes issued prior to 2005

RBI/2013-2014/467 DCM(Plg) No.G-17/3231/10.27.00/2013-14 January 23, 2014 The Chairman / Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Primary(Urban) Co-operative Banks/RRBs Dear Sir /Madam Withdrawal of all old series of Banknotes issued prior to 2005 As you are aware, RBI has been following a policy of phasing out of certain series of banknotes from time… Read More

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