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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Appointment of Common Adjudicating Authority
F. No. 437/29/2013-Cus-IV Government of India Ministry of Finance (Department of Revenue) Central Board Excise & Customs New Delhi, dated the 23rd May, 2013 ORDER In terms of Notification No.15/2002-Customs (N.T.) dated 07.03.2002 ( as amended) issued under sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby assigns the Show Cause Notice F. No.… Read More
Public Debt Management Quarterly Report – Jan to Mar 2013
Since April-June (Q1) 2010-11, Middle Office (MO) is bringing out a Quarterly Report on Debt Management. The current report pertains to the quarter January-March 2013 (Q4 of 2012-13). For Fiscal Year 2012-13 (FY13), Gross and Net Market Borrowings were higher than previous year by 9.4 per cent and 7.1 per cent respectively. Auctions during Q4 of… Read More
Growth of the Indian Telecom Sector
The Indian telecom sector has registered a phenomenal growth during the past few years and has become second largest telephone network in the world, only after China. A series of reform measures by the Government, the wireless technology and active participation by private sector played an important role in the exponential growth of telecom sector in… Read More
Mrs. Kushal Sigh Appointed as NCPCR Chairperson
Mrs. Kushal Singh has been appointed as the Chairperson of National Commission for Protection of Child Rights (NCPCR), by the Ministry of Women and Child Development. She was selected by a Committee headed by Smt. Krishna Tirath, Minister of Women and Child Development. The Secretary, M/O WCD is also a member of the Committee. Mrs. Kushal… Read More
Meghalaya Plan for 2013-14 Finalized
The Annual Plan for the year 2013-14 for the state of Meghalaya was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Meghalaya, Sh. Mukul Sangma. The plan size has been agreed at Rs. 4151 crore. In his opening comments Mr. Ahluwalia appreciated the efforts of… Read More
TRAI Tariff Orders – Standard Tariff Packages for Digital Cable TV subscribers and DTH subscribers
TRAI has issued Tariff Orders prescribing standard tariff package for Set Top Boxes (STBs) for Digital Addressable Cable TV Systems (DAS) and Consumer Premises Equipments (CPEs) for Direct to Home (DTH) services. The prime objective of these tariff orders is to ensure effective commercial interoperability. The said tariff orders have been devised to make available STBs / CPEs… Read More
CLR Important | Employees Provident Fund Organization proposes radical changes in Provident Fund Coverage
The Employees Provident Fund Organization(EPFO) readying to re-notify a new definition of "compensation" that will include all allowances. Currently, employers contribute only 12% of the basic salary and dearness allowance, which in fact is not paid by most companies currently, towards their share of "matching" provident fund and the Employees Pension Scheme contribution. Hence, for several thousands of employees,… Read More
Auction of Government of India Dated Securities
Ref.No.IDMD /3231/08.02.032/2012-13 May 27, 2013 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (new/re-issue) (a) New 6-year Government stock 2019for a notified amount of Rs.3,000 crore (nominal) through… Read More
RBI Clarification on NBFCs finance for Purchase of Gold
RBI/2012-13/510 DNBS.CC.PD.No.326/03.10.01/2012-13 May 27, 2013 To All NBFCs Dear Sir, NBFCs finance for Purchase of Gold In terms of extant guidelines issued vide circular DNBS.CC.PD.No.265/03.10.001/2012-13 dated March 21, 2013 no advances should be granted by NBFCs against bullion / primary gold and gold coins. 2. It is clarified that no advances should be granted by NBFCs… Read More
RBI Clarification on Lending against Gold
RBI/2012-13/509 DBOD. No. Dir. BC. 96/13.03.00/2012-13 May 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins… Read More
Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF) – Parallel Run and Prudential Floor
RBI/2012-13/508 DBOD.BP.BC. No.95/21.06.001/2012-13 May 27, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (excluding LABs and RRBs) Dear Sir Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor Please refer to our circular DBOD.BP.BC.No.71/21.06.001/2010-11 dated December 31, 2010 on the… Read More
Filling up of the post ofIndirect Tax Ombudsman at Ahmedabad
F.No.A.12026/18/2011-AdI Government of India Ministry of Finance Department of Revenue Room No.77-A, North Block, New Delhi-110001 Dated, the 17th May, 2013. Subject: Filling up of the post ofIndirect Tax Ombudsman at Ahmedabad Sir, I am directed to say that the post ofIndirect Tax Ombudsman at Ahmedabadin the HAG + pay scale of Rs.75500-80,000/-, is likely to be filled up from amongst… Read More
Section 271(1)(c) penalty not valid for not offering capital gains u/s 50C stamp duty value
CLR Editorial Notes: The assessee in question, had sold a property for a consideration of Rs. 2.50 crore. However, for the purpose of applicable stamp duty, the property was valued at Rs. 5.19 crore and the stamp duty was paid on that value. The assessee then offered capital gains on the basis that the sale consideration… Read More
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