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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StCBs/CCBs – Deregulation of Interest Rates on NRE Deposits
RBI/2013-14/197 RPCD.RCB.BC.No. 26 /07.51.014/2013-14 August 22, 2013 All State and Central Co-operative Banks Dear Sir / Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular RPCD.CO.RCB.Dir.BC.No.49/07.38.01/2011-12 dated December 28, 2011 on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts. 2.… Read More
Delhi VAT Circular Regarding Audit of Dealers
GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES VAT AUDIT BRANCH 12TH Floor, VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002 No. VAT AUDIT /HQ/2013-14/3210-3218 Date: 16.08.2013 CIRCULAR REGARDING AUDIT OF DEALERS This is in continuation of circular No. VAT AUDIT /HQ/2013-14/2967-2974, Dated 25/07/2013 regarding Audit of Business Affairs of dealer by… Read More
Review of the policy on foreign direct investment in the Multi-Brand Retail Trading Sector
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 5 (2013 Series) Subject: Review of the policy on foreign direct investment in the Multi-Brand Retail Trading Sector-amendment of paragraph 6.2.16.5 (iii), (iv) and (vi) of Circular 1 of 2013-Consolidated FDI Policy 1.0 Present Position: 1.1 Paragraphs 6.2.16.5 (iii), (iv) and… Read More
Amendment of the existing policy on Foreign Direct Investment
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.4 (2013 Series) Subject: Amendment of the existing policy on Foreign Direct Investment - definition of the term control, for calculation of total foreign investment i.e. direct and indirect foreign investment, in Indian companies. 1.0 Present Position: 1.1 As per paragraph… Read More
Verification of Marks for CS Examinations – June 2013
In terms of regulation 46 (2) of the Company Secretaries Regulations, 1982, as in force, a candidate can seek ˜Verification of Marks™ in any subject(s) of June, 2013 examination within one month from the date of declaration of results. The application for verification of marks should be made by interested candidates in the prescribed form… Read More
Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989(2011) Committee’s Al-Qaida Sanctions List and Consolidated List
RBI/2013-14/196 RPCD.CO.RRB.RCB.AML.No.1953/07.51.019/2013-14 August 20, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al-Qaida Sanctions List and Consolidated List Please refer to our circular RPCD.CO.RRB.RCB.AML.No.11424/07.51.018/2012-13 dated April 22, 2013 on the captioned subject.… Read More
Interest Rates on FCNR(B) Deposits AD Category 1 UCBs
RBI/2013-14/195 UBD.BPD.AD.CIR.No. 2/13.01.000/2013-14 August 21, 2013 The Chief Executive Officers All AD Category -1 UCBs Dear Sir/Madam, Interest Rates on FCNR(B) Deposits Please refer to our circular No. UBD.BPD.AD.CIR.No.7/13.01.000/2011-12 dated May 17, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that with effect from… Read More
RBI releases Minutes of the July 24, 2013 Meeting of the Technical Advisory Committee on Monetary Policy
The thirty third meeting of the Technical Advisory Committee (TAC) on Monetary Policy was held on July 24, 2013 in the run up to the First Quarter Review of Monetary Policy 2013-14 on July 30, 2013. The main points of discussion in the meeting are set out below. Members were of the view that the… Read More
Salient Points of SEBI Board Meeting Held on 12th August 2013
The SEBI Board met in Mumbai today and took the following decisions: 1. Amendment to the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 Illegal mobilization of money by unregistered Collective Investment Schemes The Board has approved the proposal to declare illegal mobilization of funds without… Read More
SEBI Crackdown On Entities Engaged in Unregistered Investment Advisory And Portfolio Management Activities through Short Message Services (SMSs)
SEBI had noticed that certain entities were offering intraday tips and stock advisory services to investors through Short Message Services (SMSs) via mobile phones. SEBI , as part of its investigation, obtained details of the call data records of the telephone numbers used for sending such SMSs. Thereafter, SEBI conducted a surprise visit on the… Read More
SEBI Issues a Discussion Paper on “Revision of Clause-41 of Equity Listing Agreement”
SEBI has, today, placed a discussion paper on "Revision of Clause 41 of Equity Listing Agreement", for public comments. Clause-41 of Equity Listing Agreement provides the framework for preparation, authentication and submission of Financial Results by listed companies. Based on the requests/ suggestions/ recommendations received from various market participants, some of the provisions of Clause-41 have… Read More
SEBI Circular w.r.t. testing of software used in or related to Trading and Risk Management
CIRCULAR CIR/MRD/DP/24/2013 August 19, 2013 To, All Stock Exchanges. Dear Sir / Madam, Subject: Testing of software used in or related to Trading and Risk Management SEBI vide circular SEBI/MRD/Policy/SE/15864/2003 dated August 21, 2003 advised stock exchanges to obtain an undertaking in the form of an affidavit from the members of the stock exchange stating… Read More
Investment by Qualified Foreign Investors (QFIs) in “to be listed” Indian Corporate Debt Securities
CIRCULAR CIR/IMD/FIIC/13 /2013 August 13, 2013 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories/ Mutual Funds/ qualified Depository Participants (DP) Sir / Madam, Sub: Investment by Qualified Foreign Investors (QFIs) in to be listed Indian Corporate Debt Securities 1. Vide SEBI circular CIR/IMD/FII&C/17/2012 dated July 18, 2012, QFIs had been allowed to invest in listed/… Read More
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