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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Securities And Exchange Board Of India (Foreign Portfolio Investors) Regulations, 2014
Excerpts from the Securities And Exchange Board Of India (Foreign Portfolio Investors) Regulations, 2014 THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 7, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 7th January, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2014 No. LAD-NRO/GN/2013-14/36/12.-… Read More
RBI releases Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households
The Reserve Bank of India has today released on its website for public comments, the Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households and additional comments from two members in this regard. The Comments may be emailed or sent by post to the Principal Chief General Manager, Rural Planning and Credit Department, Reserve Bank… Read More
RBI Clarifications on Issue of Non convertible/ redeemable bonus preference shares or debentures
RBI/2013-2014/428 A.P. (DIR Series) Circular No.84 January 6 , 2014 To All Category - I Authorised Dealer banks Madam/Sir, Issue of Non convertible/ redeemable bonus preference shares or debentures - Clarifications Attention of Authorised Dealers Category- I (AD Category-I) banks is invited to Regulation (2ii) and Regulation 5 of the Foreign Exchange Management (Transfer or… Read More
External Commercial Borrowings (ECB) Policy Liberalisation of definition of Infrastructure Sector
RBI/2013-2014/429 A.P. (DIR Series) Circular No. 85 January 6, 2014 To All Category - I Authorised Dealer banks Madam/Sir, External Commercial Borrowings (ECB) Policy Liberalisation of definition of Infrastructure Sector Attention of Authorised Dealer Category I (AD Category I) banks is invited to the Notification No. FEMA.281/2013-RB dated July 19, 2013 published in the Gazette of India… Read More
MCA Finalizes Rules for NCLT (Salary of Chairperson & Other Members) – to be notified in Official Gazette
The Ministry of Corporate Affairs has finalized some of the Rules leading to the formation of NCLT. The first set of rules will be called the National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2013, will be published in the Official Gazette of India. The… Read More
Qualified Central Counterparties in Securities Market
National Securities Clearing Corporation Limited (NSCCL), Indian Clearing Corporation Limited (ICCL) and MCX-SX Clearing Corporation Limited (MCX-SXCCL) are the Qualified Central Counterparties (QCCPs) in the Indian Securities Market jurisdiction. These clearing corporations have qualified as QCCPs in view of the fact that these are regulated by Securities and Exchange Board of India (SEBI) under SEBI… Read More
Overseas Direct Investments Rollover of Guarantees
RBI/2013-14/427 A.P. (DIR Series) Circular No.83 January 3, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments Rollover of Guarantees Attention of the Authorised Dealer (AD - Category I) banks is invited the provisions of Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign… Read More
Import of Gold by Nominated Banks/Agencies/Entities
RBI/2013-14/423 A.P. (DIR Series) Circular No.82 December 31, 2013 To All Scheduled Commercial Banks which are Authorized Dealers (ADs) in Foreign Exchange/ All Agencies nominated for import of gold Madam / Sir, Import of Gold by Nominated Banks/Agencies/Entities Attention of Authorized Persons is drawn to the Reserve Bank™s A.P. (DIR Series) Circular No. 25 dated August… Read More
Submission of online Quarterly Statements by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act
RBI/2013-2014/422 DNBS (PD) CC. No. 34/SCRC/26.03.001/2013-2014 December 31, 2013 All registered Securitisation Companies/ Reconstruction Companies Submission of online Quarterly Statements by Securitisation Companies/ Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act Please refer to our Circular DNBS (PD) CC. No. 5/SCRC/10.30.000/2006-2007 dated April 25, 2007 and subsequent Circular DNBS… Read More
MCA Finalizes Rules for NCLT (Salary of President & Other Members) – to be notified in Official Gazette
The Ministry of Corporate Affairs has finalized some of the Rules leading to the formation of NCLT. The first set of rules will be called the National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2013, will be published in the Official Gazette of India. The… Read More
RBI’s clarification on Scribbling on Banknotes
In the wake of rumours circulating in the market that from January 1, 2014, banks will not accept banknotes with anything written on them, the Reserve Bank has urged members of public not to fall prey to such rumours and to use their banknotes without any fear. The Reserve Bank of India has clarified it… Read More
Corporate Law Reporter wishes all its patrons a Very Happy New Year 2014
Press Statement of the Finance Secretary on VCES
There has been an overwhelming response to the VCES . In the last four days, we have received over 16,000 applications involving Rs. 1500 crores of service tax dues. Upto 29-12-2013 we have received over 40,000 declarations involving over Rs 5500 crores. This would broadly correspond to Rs 55,000 crores of services, which have escaped… Read More
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