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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Petroleum Minister announces launch of Direct Benefit Transfer for LPG scheme in 20 Districts
Government of India is launching Direct Benefit Transfer for LPG (DBTL) scheme in 20 high Aadhaar coverage districts (as annexed) from 1.6.13. The scheme aims to curb leakages and prevent black-marketing and provide subsidy to consumers in their bank accounts. All LPG consumers are advised to immediately do the following to avail of subsidy in their bank… Read More
Government Constitutes a Committee for Evolving a Composite Development Index of States
Pursuant to the Budget announcement, it has been decided to constitute an Expert Committee under the Chairmanship of Dr Raghuram G. Rajan, Chief Economic Adviser, Ministry of Finance to consider backwardness of the States in terms of measures like distance of the State from the national average under criteria such as per capita income and other human development… Read More
Government Decides to Launch Inflation Index Bonds
Pursuant to the announcement in the Union Budget 2013-14, the Government of India in consultation with Reserve Bank of India (RBI) has decided to launch Inflation Index Bonds (IIBs), as instruments that will protect savings of poor and middle classes from inflation and incentivise household sector to save in financial instruments rather than buy gold.… Read More
Govt Clarifications on Repayment of Outstanding Balance on Stocks and Loans
The outstanding balance of 9.00% loan 2013 and 9.81% Government Stock, 2013 are due for repayment on May 24, 2013 and May 30, 2013 respectively. No interest will accrue there on from the said dates. In the event of a holiday being declared on May 24, 2013 and/ or on May 30, 2013 by any State Government… Read More
RBI releases its monthly Bulletin for May 2013
The Reserve Bank today released the May 2013 issue of its monthly Bulletin. The Bulletin contains the Governor™s Statement on Monetary Policy 2013-14, Macroeconomic and Monetary Developments in 2012-13, the first Prof. Tendulkar Memorial Oration by Professor Abhijit Banerjee and regular features, viz., speeches of the top management and current statistics. Sangeeta Das Director Press… Read More
Strengthening the Banking Supervision through Risk Based Approach: Laying the Stepping Stones
(Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Inaugural Session of the Conference of non-Executive directors on the Boards of Commercial Banks, organized by CAFRAL in Mumbai on May 13, 2013) The learned Non-executive directors on the Boards of various commercial banks; Shri A.K. Garg, CGM, CAFRAL; colleagues from… Read More
RBI clarification on SLR Holdings under Held to Maturity Category
RBI/2012-13/501 DBOD.No.BP.BC.92/21.04.141/2012-13 May 15, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Monetary Policy Statement 2013-14 SLR Holdings under Held to Maturity Category Please refer to paragraph 84 of the Monetary Policy Statement 2013-14 (extract enclosed) announced on May 3, 2013 on ˜SLR Holdings under Held to Maturity Category™. 2. In terms of our circular… Read More
MCA Voluntary Guidelines to promote good Corporate Governance
Voluntary Guidelines for Companies for providing general information on their websites about the company to promote good corporate governance and to enhance investors™ awareness ***** 1. The Ministry of Corporate Affairs (MCA) has been continuously taking various steps towards promoting good corporate governance, investor education and protection & advocacy for adoption of Corporate Social Responsibility… Read More
Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13
The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. PFRDA advises that various NPS schemes have earned the following average… Read More
Demands for Grants, 2013-2014
No. F. 2(24)-B(D)/2013 Government of India Ministry of finance Department of Economic Affairs ( Budget Division) New Delhi, the 8th May, 2013. OFFICE MEMORANDUM Subject: Demands for Grants, 2013-2014. The undersigned is directed to state that the Demands for Grants for 2013-2014 may be treated as final as these have been voted by the Lok… Read More
Customs clarification regarding Classification of “Tablet Computers”
Circular No. 20 / 2013- Customs F. No. 528/102/2011-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 229-A, North Block, New Delhi 14th May, 2013 To All Chief Commissioners of Customs/ Customs (Prev.)/ C&CE All Directors General of CBEC All Commissioners of Customs / Customs (Prev.) / C&CE… Read More
Clarifications Regarding Service Tax Voluntary Compliance Encouragement Scheme
Circular No. 169/4 /2013 - ST F. No. B1/19/2013-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit New Delhi, dated the 13th May, 2013 To, Chief Commissioners of Central Excise and Customs (All) Director General (Service Tax), Director General (Systems) Director General (Central Excise Intelligence), Director… Read More
Service Tax Voluntary Compliance Encouragement Rules, 2013
[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.10/2013 - Service Tax New Delhi, the 13th May, 2013 G.S.R¦..(E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 114 of the Finance Act, 2013 (17 of 2013),… Read More
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