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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Customs Amendment Notification w.r.t. Baggage Rules, 1998
[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. 84 /2013-Customs (N.T.) New Delhi, the 19th August, 2013 G.S.R. (E). - In exercise of the powers conferred by section 79 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes… Read More
CBDT notification w.r.t. Foreign Oil company selling Oil in India
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 64/2013 DATED 19-8-2013 In exercise of the powers' conferred by clause (48) of section 10, read with section 295of the Income-tax Act, 1961 (43 of 1961), the… Read More
I&B Ministry seeks views of TRAI and PCI on the proposed FDI limits in Broadcasting and Print Sector
The Ministry of Information and Broadcasting has requested TRAI once again to expedite its comments on the reference made earlier to the body regarding Foreign Investment limits in the Broadcasting Sector. In its communication to TRAI, the Ministry has sought comments regarding the paper prepared by the Ministry of Finance relating to revision in existing… Read More
National Policy for Containment of Antimicrobial Resistance
The Government has already framed a comprehensive policy, namely, the National Policy for Containment of Antimicrobial Resistance, to address the problem of multi-drug resistance due to widespread and indiscriminate use of antimicrobial / antibiotic drugs in the country. The policy was developed by a Task Force constituted under the chairmanship of Director General of Health… Read More
RBI directs two NBFCs to stop allowing premises for accepting deposits
The Reserve Bank of India has directed two Non-Banking Financial Companies (NBFCs), viz., Muthoot Fincorp Ltd. (MFCL) and Manappuram Finance Ltd. (MAFIL) to stop allowing the use of its premises / branches to accept deposits from public by their associate unincorporated bodies. Muthoot Estate Investment (MEI), was collecting public deposits through the branches of MFCL… Read More
Damaged Currency Notes
Reserve Bank of India (RBI) has informed that no instance of damage of currency notes in various public sector banks across the country have been brought to their notice in the recent past. However, during the year 2010 currency notes amounting to Rs. 3.75 crores kept in Currency Chest at SBI Fatehpur, Barabanki (U.P.) were… Read More
Aadhaar Card as Address Proof
Reserve Bank of India (RBI) has notified that the Aadhaar Card is a valid proof for opening of a bank account under the Know Your Customer (KYC) scheme. RBI vide its circular dated 28.09.2011 has advised banks to accept the Aadhar letter issued by Unique Identification Authority of India (UIDAI) as an officially valid document… Read More
RRBs – Interest Rates on FCNR(B) Deposits
RBI/2013-14/194 RPCD.CO.RRB.BC.No.22 /03.05.33/2013-14 August 19, 2013 All Regional Rural Banks Dear Sir, Interest Rates on FCNR(B) Deposits Please refer to our circular RPCD.CO.RRB.No.76/03.05.33(C)/2011-12 dated May 8, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close… Read More
RRBs – Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
RBI/2013-14/193 RPCD.CO.RRB. BC.No.24/03.05.33/2013-14 August 19, 2013 The Chairmen All Regional Rural Banks (RRBs) Dear Sir/Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular RPCD.CO.RRB.BC.No.45/03.05.33(C)/2011-12 dated December 19, 2011 on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts. 2. In terms of para… Read More
Investments by Non-resident Indians (NRIs) under Portfolio Investment Scheme (PIS) Liberalisation of Policy
RBI/2013-14/192 A. P. (DIR Series) Circular No.29 August 20, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Investments by Non-resident Indians (NRIs) under Portfolio Investment Scheme (PIS) Liberalisation of Policy Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to Schedule 3 of the Foreign Exchange Management (Transfer or Issue… Read More
Foreign Investments in Asset Reconstruction Companies (ARC)
RBI/2013-14/191 A.P. (DIR Series) Circular No.28 August 19, 2013 To All Banks Authorised to Deal in Foreign Exchange Madam/Sir, Foreign Investments in Asset Reconstruction Companies (ARC) Attention of Authorized Dealers is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified by the Reserve Bank… Read More
RRBs/Scheduled StCBs FCNR (B)/NRE deposits Exemption from Maintenance of CRR/SLR
RBI/2013-14/190 RPCD.CO.RRB/RCB.BC.No. 20 /03.05.33/2013-14 August 19, 2013 All Regional Rural Banks/ Scheduled State Cooperative Banks Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 and Section 24 of the Banking Regulation Act, 1949 FCNR(B)/NRE deposits exemption from maintenance of CRR/SLR At present, banks are required to include all Foreign Currency Non-Resident Bank… Read More
DGFT Norms for Spices under Advance Authorization
Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Policy Circular No. 05 (RE- 2013) /2009-2014 Dated: 14th August, 2013 To All Regional Authorities (RAs) of DGFT Spices Board All Commissioners of Customs Members of Trade Subject: Norms for Spices under Advance Authorization. Reference:… Read More
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