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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CBEC Tariff Notifications Dated 31st May 2013
[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 57/2013-CUSTOMS (N. T.) New Delhi, the 31st of May, 2013 10 Jyaistha, 1935 (SAKA) S. O. (E). In exercise of the powers conferred by sub-section (2)… Read More
Amendment of Income-tax Rules, 1962 – Insertion of Rules 6AAD & 6AAE and Form nos. 3C-O & 3CP
S.O. 1393(E) - In exercise of the powers conferred by section 295 read with sub-section (1) of section 35CCC of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (Fourth Amendment) Rules, 2013. (2) They shall… Read More
Fifth Revision of Specification for Road and Bridge Works
DR. CP Joshi Releases Fifth Revision of Specification for Road and Bridge Works ; The Document to Provide Best International Practices For Indian Conditions. Dr.C P Joshi, the Union Minister for Road Transport & Highways with additional charge of Ministry of Railways released here last evening the Fifth Revision of the Ministry of Road Transport &… Read More
Delhi Plan for 2013-14 Finalized
The Annual Plan for the year 2013-14 for the state of Delhi was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Delhi, Smt. Sheila Dikshit. The plan size has been agreed at Rs 16,626 crore. In his comments on the performance of the State,… Read More
RBI Notification on NBFC-MFIs Directions Modifications in Pricing of Credit & Margin cap
RBI/2012-13/517 DNBS (PD) CC.No.327/03.10.038/2012-13 May 31, 2013 All NBFCs Dear Sir, ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) Directions Modifications in Pricing of Credit - Margin cap Attention is invited to para 6 of DNBS.(PD)CC.No.300/03.10.38/2011-12 dated August 3, 2012 modifying inter alia the pricing of credit as given in DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 2, 2011. On a review, it… Read More
Acknowledgement by banks at the time of submission of Form 15-G / 15-H
RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 May 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Acknowledgement by banks at the time of submission of Form 15-G / 15-H As you are aware banks are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought… Read More
KYC/AML/CFT Guidelines – Unique Customer Identification Code for banks™ customers in India
RBI/2012-13/515 DBOD. AML.BC. No. 101/14.01.001/2012-13 May 31, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks™ customers in India Please refer to our… Read More
RBI FAQs :: Deposit Taking Activities of Financial Entities
1. What is a Non-Banking Financial Company? A Non-Banking Financial Company (NBFC) is a company a) registered under the Companies Act, 1956, b) its principal business is lending, investments in various types of shares/stocks/bonds/debentures/securities, leasing, hire-purchase, insurance business, chit business, and c) its principal business is receiving deposits under any scheme or arrangement in one… Read More
RBI Advisory :: Check before Depositing Money with Financial Entities
The Reserve Bank of India has today issued an advisory to members of public urging them to carefully evaluate their investment decisions, including making deposit with NBFCs. The advisory is part of the Frequently Asked Questions (FAQs) issued by the central bank. The FAQs explain in detail the various kinds of financial entities and the regulations governing… Read More
RBI to post on its website clarifications on New Banks Licensing Guidelines
The Reserve Bank of India had issued Guidelines for Licensing of New Banks in the Private Sector on February 22, 2013. Following issue of the guidelines, RBI received several queries regarding the guidelines. To comprehensively reply to all queries, RBI issued a press release on March 7, 2013 asking that queries on the guidelines may… Read More
SJVN Board recommends enhanced dividend to shareholders for 2012-13
The SJVN Board of Directors have recommended enhanced dividend to its shareholders for the financial year 2012-13. The net dividend pay out (excluding taxes) works out to Rs. 397.12 crore against Rs 388.84 crore paid for the financial year 2011-12. The dividend amounts to Rs 0.96 on a share of Rs. 10 each against Rs.0.94… Read More
Provisional Estimates of Annual National Income, 2012-13
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the provisional estimates of national income for the financial year 2012-13 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2012-13, both at constant (2004-05) and current prices. 2. The CSO has also released the corresponding annual… Read More
CLR Snippets | Chief Justice for The High Court of Punjab & Haryana Appointed
In exercise of the powers conferred by clause (1) of article 217 of the Constitution of India, the President has appointed Shri Justice Sanjay Kishan Kaul, Judge of the High Court of Delhi, as the Chief Justice of the High Court of Punjab & Haryana with effect from the date he assumes charge of his… Read More
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