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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Meeting of Anand Sharma with DG, WTO Key Highlights
Shri Anand Sharma, Union Minister of Commerce and Industry today met the Director General of the World Trade Organization, Mr. Roberto Carvalho de Azevedo. This was Mr. Azevedo™s first visit to India after he assumed charge as the sixth Director General of the WTO on 1 September 2013. Shri Sharma commended Mr. Azevedo on his… Read More
CBEC clarification on request from FICCI to reduce of time period for settlement of rebate claims on exports
F. No. 267/39/13-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the 1st October,2013 To (i) The Chief Commissioner of Central Excise (All), (ii) The Chief Commissioner of Central Excise & Customs (All), (iii) The Chief Commissioner of Customs (All), (iv) Directors General (All) Madam/ Sir, Subject:… Read More
Service Tax applicable in Restaurant Services – Clarifications provided
Circular No. 173/8/2013 ST F.No.334/3/2013-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tax Research Unit North Block New Delhi, 7th October, 2013 To Chief Commissioners of Central Excise and Customs (All), Director General (Service Tax), Director General (Central Excise Intelligence), Director General (Audit), Commissioners of Service Tax… Read More
Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Fifth Amendment) Regulations, 2013
RESERVE BANK OF INDIA (Foreign Exchange Department) (Cental Office) NOTIFICATION No. FEMA. 288/2013-RB Mumbai, the 26th September, 2013 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Fifth Amendment) Regulations, 2013 G.S.R. 668(E).” In exercise of the powers conferred by Clause (d) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999… Read More
Changes in Bank Rate
RBI/2013-14/315 Ref:DBOD.No.Ret.BC. 58/12.01.001/2013-14 October 07, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/728 dated October 07, 2013, the Bank Rate stands adjusted by 50 basis points from 9.5 per cent to 9.0 per cent with effect from October 07, 2013. 2. All penal interest… Read More
RBI Reduces Marginal Standing Facility Rate
RBI/2013-2014/314 FMD.MOAG. No.88/01.18.001/2013-14 October 07, 2013 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 50 basis points from 9.50 per cent to 9.00 per cent with immediate effect. 2. All other terms and conditions of the current… Read More
Adjustment in Bank Rate
As part of the measures announced today by the Reserve Bank to improve liquidity conditions, the marginal standing facility (MSF) rate has been reduced by 50 basis points from 9.5 per cent to 9.0 per cent with immediate effect. Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect. Alpana Killawala… Read More
RBI Announces Measures to Improve Liquidity Conditions
Starting with the Mid-Quarter Review of September 2013, the Reserve Bank of India (RBI) began a calibrated withdrawal of exceptional measures undertaken since July 2013. This was done with a view to normalising liquidity conditions. Accordingly, the marginal standing facility (MSF) rate was reduced by 75 basis points from 10.25 per cent to 9.5 per… Read More
SEBI Board Meeting
The SEBI Board met in Mumbai today and took the following decisions: SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2013 The Board considered and approved the draft SEBI (Foreign Portfolio Investors) Regulations, 2013. The SEBI (Foreign Portfolio Investors) Regulations, 2013 have been framed keeping in view the provisions of SEBI (Foreign Institutional Investors) Regulations, 1995, Qualified Foreign… Read More
Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure
CIRCULAR CIR/MRD/DSA/32/2013 October 04, 2013 All Recognised Stock Exchanges, All Recognised Clearing Corporation, All Depositories. Sir / Madam, Subject : Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure. 1. SEBI vide circular SEBI /IMD / CIR No.11/183204/ 2009 dated November 13, 2009 and circular CIR/IMD/DF/17/2010 dated November 9, 2010, on captioned subject, facilitate purchasing… Read More
RBI Clarification on Unclaimed Scholarship deposits
RRBs - Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes --------------------------------------- RBI/2013-14/312 RPCD.CO.RRB.BC.No.41/03.05.33/2013-14 October 4, 2013 The Chairmen Regional Rural Banks Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain… Read More
DVAT Partial modification of Circular 19 Regarding filing of Stock Statement.
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(433)/Policy-II/VAT//2012/PF/887-94 Dated: 04/10/2013 CIRCULAR NO. 20 of 2013-14 In partial modification of Circular NO.19 of 2013-14, the requirement of separate filing of Stock-1 statement may be read as "2011-12" instead of 2012-13. Rest… Read More
DVAT Circular Regarding filing of Stock Statement
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(433)/Policy-II/VAT//2012/PF/879-886 Dated: 04-Oct-13 CIRCULAR NO. 19 of 2013-14 Sub: Regarding filing of Stock Statement In continuation to this department's Notification No. F.7{433)/PolicyII/VAT//2012/PF/ 817-828 dated 23/09/2013 on the subject cited above, it is hereby clarified that the said notification merely… Read More
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