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.
A:544, Tower B2, Spaze i-Tech Park Gurgaon, Haryana, India
RBI Governor’s proposal to relax Branch Authorisation Policy
RBI/2013-14/274 DBOD.No.BAPD.BC.54 /22.01.001/2013-14 September 19, 2013 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 Relaxations in Branch Authorisation Policy Please refer to Governor™s Statement on taking office on September 04, 2013 (extract enclosed - Annex 1) regarding the proposal to completely free bank branching for… Read More
RBI Clarification on carrying of INR 10,000 by Non-residents and Residents
In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk. This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank. The Reserve Bank issues… Read More
Companies Act 2013 – Simplified – A book by eMinds Legal
The Companies Act, 2013 was passed by the Lok Sabha on 18th December, 2012, by Rajya Sabha on 8th August, 2013, received assent of our Hon™ble President Shri Pranab Mukherjee on 29th August, 2013, and finally published in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 30th August, 2013 as Act No. 18 of 2013, thus repealing… Read More
CBEC Amends Duty Free Import Authorisation (DFIA)
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 45 /2013-Customs New Delhi, dated the 17th September, 2013 G.S.R. 636(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central… Read More
EBI issues directions to MCX-SX Limited and MCX-SX Clearing Corporation Limited to strengthen their governance structure
SEBI has issued directions to MCX-SX Limited and MCX-SX Clearing Corporation Limited (MCX-SXCCL) to strengthen their governance structure while granting the renewal of recognition to MCX-SX Limited for a period of one year commencing from September 16, 2013. The conditions imposed by SEBI are : 1. A committee comprising of two Public Interest Directors and… Read More
DVAT Form Stock-1 Online Filing Dates Extended to 5th October, 2013 for all dealers
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002 No.F.7(433)/Policy-II/VAT/2012/part File/782-794 Dated : 16-Sept-13 In supersession of all previous Notifications, regarding date for filing of Stock Statement in Form Stock-1 online for the stock available on 315t March, 2013, I, Prashant Goyal, Commissioner, Value Added Tax,… Read More
The Securities and Exchange Board of India (Amendment) Bill, 2013 Receives the Assent of the President
The Securities and Exchange Board of India (Amendment) Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 22 of 2013 The Securities and Exchange Board of India (Amendment) Bill, 2013 has received the assent of the President of India. It has now been published in the Gazette… Read More
Safe Harbour Rules under Section 92CB of IT Act Finalized
Safe Harbour Rules Finalized after Considering Comments of Various Stake Holders ; Rules to be Applicable for 5 Assessment Years Beginning from Assessment Year 2013-14 Section 92CB of the Income-tax Act provides for framing of safe harbour rules. The determination of arms length price u/s 92C or 92CA of the Act is subject to these… Read More
CBEC Commissioners directed to clear Pending Service Tax Registrations Applications by 23 Sep
Chief Commissioners of Central Excise and Customs Directed to take stock of all Pending Registration Applications for Service Tax and Ensure their Clearance by 23rd September, 2013 All the Chief Commissioners of Central Excise and Customs and Director Generals Service Tax/Systems of Central Board of Excise and Customs (CBEC) have been asked to take stock… Read More
India – Latvia sign DTAA
An Agreement and Agreed Note Signed Between India and Latvia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (DTAA) The Government of India today signed an Agreement and the Agreed Note for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect… Read More
External Commercial Borrowings (ECB) Policy Liberalisation of definition of Infrastructure Sector
RBI/2013-14/270 A.P. (DIR Series) Circular No. 48 September 18, 2013 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 A.P. (DIR Series) Circular No. 5 dated August 1, 2005, A.P.… Read More
Analysis and Disclosure of Customer Complaints and Unreconciled Balances on Account of ATM Transactions
RBI/2013-14/269 RPCD.CO.RRB.BC.No.35/03.05.33/2013-14 September 17, 2013 The Chairmen All Regional Rural Banks Dear Sir/Madam, Analysis and Disclosure of Customer Complaints and Unreconciled Balances on Account of ATM Transactions The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had… Read More
RBI Publishes FAQs on Basic Savings Bank Deposit Account
RBI/2013-14/264 RPCD.RRB.RCB.AML.BC.No. 36/07.51.018/2013-14 September 17, 2013 The Chairmen / CEOs of Regional Rural Banks / State and Central Co-operative Banks Dear Sir / Madam, Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account (BSBDA) FAQs Please refer to Circular RPCD.CO.RRB.RCB.BC.No.24/07.38.01/2012-13 dated August 22, 2012 on Basic Savings Bank Deposit Account (BSBDA) wherein banks have been… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
