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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Conditional exemption to exporters under the Essential Commodities Act, 1955
The Union Cabinet yesterday approved exemption to exporters having IEC Code issued by DGFT from the purview of stock holding limits under the Essential Commodities Act, 1955 with respect to edible oilseeds, edible oils and rice. This will help exporters benefit from economies of scale and bigger operation for optimally meeting export demands on a… Read More
Policy on Foreign Direct Investment in the Pharmaceutical Sector
The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign direct investment in the pharmaceutical sector. The Cabinet decided that the current policy in brownfield and greenfield projects in the pharmaceutical sector will continue subject to the additional condition that in all cases of FDI in… Read More
Consultation Paper seeking Public Comments on proposed SEBI (Research Analyst) Regulations
The consultation paper and draft SEBI (Research Analyst) Regulations have been placed on the SEBI website for public comments. Comments are invited on the Consultation Paper and draft Regulations latest by December 21, 2013. The full text of the Consultation Paper and draft Regulations is available on Corporate Law Reporter (www.corporatelawreporter.com) for download. Consultation Paper and Draft… Read More
Circular on Infrastructure Debt Fund (IDF) Foreign Institutional Investors (FIIs) which are long term investors
CIRCULAR CIR / IMD / DF / 20 / 2013 November 29, 2013 All Mutual Funds/Asset Management Companies Trustee Companies/Boards of Trustees of mutual funds Sir / Madam, Sub: Circular on Infrastructure Debt Fund (IDF) Foreign Institutional Investors (FIIs) which are long term investors 1. SEBI, vide Circular CIR / IMD / DF / 7… Read More
SEBI Circular on extension of timeline for alignment of employee benefit schemes with the SEBI (ESOS and ESPS) Guidelines, 1999
CIR/CFD/POLICYCELL/14/2013 November 29, 2013 To All Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Sub: SEBI Circulars No. CIR/CFD/DIL/3/2013 dated January 17, 2013 and - CIR/CFD/DIL/7/2013 dated May 13, 2013 - Extension of time line for alignment 1. SEBI vide circular No. CIR/CFD/DIL/3/2013 dated January 17, 2013, inter alia, made certain amendments to the Equity… Read More
New Amendments in Securities Contracts (Regulation) Rules, 1957 with regards to LLPs
The Gazette of India EXTRAORDINARY PART II - SECTION 3 - SUB-SECTION (i) MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th October, 2013 G.S.R.705(E).-In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956, (42 of 1956), the Central Government hereby makes the following rules further… Read More
SEBI releases Paper seeking public comments on proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities
Proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities - Paper seeking public comments Every issuer is required to file a Prospectus with Registrar of Companies before making a public issue. To enable frequent issuers to raise money, without undergoing the procedure for filing Prospectus for every issuance, the… Read More
SEBI clarification on Investments by FIIs/QFIs in Credit Enhanced Bonds
CIRCULAR CIR/IMD/FIIC/ 19 /2013 November 28, 2013 To All Foreign Institutional Investors through their designated Custodians of Securities The Managing Directors NSDL and CDSL Sir / Madam, Sub: Investments by FIIs/QFIs in Credit Enhanced Bonds On September 10, 2012, Government of India decided to permit Foreign Institutional Investors (FIIs) to invest in Credit Enhanced INR… Read More
Clarifications Regarding the Service Tax Voluntary Compliance Encouragement Scheme (VCES)
The Union Finance Minister Shri P. Chidambaram recently held interactive sessions at Chennai, Delhi and Mumbai to ascertain and address the concerns of trade on any aspect of the Service Tax Voluntary Compliance Encouragement Scheme (VCES). During these interactive sessions, the trade had raised certain queries and also expressed some apprehensions. Most of these issues have already been clarified in the… Read More
Charges Levied by Banks for Sending SMS Alerts
RBI/2013-14/381 DBOD. No. Dir. BC. 67/13.10.00/2013-14 November 26, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on ˜Customer Service- Charges Levied by Banks… Read More
Priority Sector Lending Classification
RBI/2013-14/379 RPCD.CO.Plan. BC 59/04.09.01/2013-14 November 25, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, Priority Sector Lending Classification Please refer to the press release dated November 18, 2013 on the above subject. 2. In view of the reasons explained therein, it is decided to include incremental bank loans… Read More
Security and Risk Mitigation Measures for Card Present Transactions
RBI/2013 -14/380 DPSS (CO) PD No.1164/ 02.14.003/2013-14 November 26, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present Transactions… Read More
CCA Ordered mandating generation of DSCs on Tokens only w.e.f 25th Nov 2013
F.No.CCA/DC(T)/2013-98 (pt.) Government of India Ministry of Communications & Information Technology Department of Electronics & Information Technology Office of Controller of Certifying Authorities New Delhi 25th October 2013 OFFICE ORDER The Security of Private keys corresponding to the DSCs being issued by Certifying Authorities (CA) to subscribers has always been a matter of concern. In… Read More
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