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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RBI warns UCBs against High Risk Innovative Housing Loan Products
RBI/2013-14/268 UBD CO BPD (PCB) Cir. No.17/09.22.010/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Housing Sector: Innovative Housing Loan Products - Upfront Disbursal of Housing Loans Primary (Urban) Co-operative Bank It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with… Read More
Draft Forms in respect of Rules made live by MCA under Phase-I of Companies Act 2013
The Ministry of Corporate Affairs has released the Draft Forms under Draft Rules in First Phase and made them live for Public comments. Download the Draft forms from the download section below. Draft forms for Companies Act 2013 released by MCA Read More
RBI Circular w.r.t. Overseas forex trading through electronic / internet trading portals
RBI/2013-14/265 A.P. (DIR Series) Circular No. 46 September 17, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Overseas forex trading through electronic / internet trading portals Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 53 dated April 07, 2011 and A.P. (DIR… Read More
RBI Directive w.r.t. Operational Procedure to be followed by UCBs for e-KYC exercise
RBI/203-14/263 UBD.BPD (PCB) Cir. No.15/14.01.062/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 e-KYC Service of UIDAI Recognising on-line Aadhaar authentication (electronic verification… Read More
RBI directive on Unclaimed Deposits/Inoperative Accounts in banks w.r.t. credit of Scholarships and DBT
RBI/2013-14/262 DBOD.No. Leg. BC. 53/09.07.005/2013-14 September 17, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in banks Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular DBOD. No. Leg.BC.34/09.07.005/2008-09 dated August 22, 2008 on unclaimed deposits/inoperative accounts wherein… Read More
Customs Duty on Articles of Jewellery, Gold and Silver wares revised
As part of measures to contain the current account deficit, the customs duty on gold has been revised upwards periodically in the past two years. Prior to 17th January 2012, the import duty on standard gold (of purity 99.5% & above) was Rs. 300 per 10 gm. The duty was raised to 2% w.e.f. 17th… Read More
ICSI News:: Signs Tripartite MoU with West Bengal and Assocham for MSME growth
The Institute of Company Secretaries of India (ICSI), Department of Micro & Small Scale Enterprises and Textile, Government of West Bengal (MSSET) and Associated Chambers of Commerce and Industry (ASSOCHAM) have entered into a tripartite Memorandum of Understanding (TRI-MOU) for a larger cause of growth and development of the MSME sector in West Bengal. This… Read More
RBI : Enabling Urban Microfinance
Enabling Urban Microfinance (Keynote Address by Dr Deepali Pant Joshi, Executive Director, Reserve Bank of India at the Conference on The Challenges of Enabling Urban Finance organised by Minorities Development Department, Government of Maharashtra and MAVIM the State Womens™ Development Corporation on September 16, 2013 at Mumbai) At the outset, let me congratulate Additional Secretary… Read More
Amendments to SEBI (Alternative Investment Funds) Regulations, 2012
1. Giving effect to the announcement in Budget for FY 2013-14 by Hon'ble Finance Minister on angel investor pools, amendments to SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) have been notified thereby providing a framework for registration and regulation of angel pools under a sub-category 'Angel Funds' under Category I- Venture Capital Funds. 2. Salient features… Read More
SEBI Finalizes Regulations for Angel Funds
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 16, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 16th September, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2013 No. LAD-NRO/GN/2013-14/24/6573.- In exercise of the powers conferred by sub-section (1) of section 30 read… Read More
SEBI Circular on Debt Allocation Mechanism for FII/QFI – Government debt securities
CIRCULAR CIR/IMD/FIIC/15/2013 September 13, 2013 To 1. All Foreign Institutional Investors (through their designated Custodians of Securities) 2. National Stock Exchange Limited 3. Bombay Stock Exchange Limited 4. National Securities Depository Limited 5. Central Depository Services (India) Limited Dear Sir / Madam Sub: Debt Allocation Mechanism for FII/QFI - Government debt securities 1. SEBI vide… Read More
ICSI, ICAI, ICWAI sign MoU with Ministry of Corporate Affairs for setting up Centre of Excellence and Ethics
An MOU was signed between the three Professional Institutes of the Ministry of Corporate Affairs viz., The Institute of Company Secretaries of India (represented through its President, Shri S. N. Ananthasubramanain) , The Institute of Cost Accountants of India (represented through its President, Shri Suresh Chandra Mohanty) and the Institute of Chartered Accountants of India… Read More
RBI Policy on Lending Against Security of Single Product such as Gold Jewellery
RBI/2013-14/260 DNBS.CC.PD.No.356 /03.10.01/2013-14 September 16, 2013 To All NBFCs (excluding PDs) Dear Sir, Lending Against Security of Single Product Gold Jewellery It may be recalled that in the light of the spike in gold imports in the recent years and the potential threat this could pose to external stability of the country, the Working Group to Study… Read More
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