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.
A:544, Tower B2, Spaze i-Tech Park Gurgaon, Haryana, India
Companies eligible for shifting from Trade for Trade Settlement to Normal Rolling Settlement
Securities and Exchange Board of India CIRCULAR CIR/MRD/DP/ 15 /2013 April 29, 2013 To, All Stock Exchanges Dear Sir / Madam, Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement 1. It is observed from the information provided by the depositories… Read More
FM Speak | India – next wave of Inclusive growth
Following is the Speech of the Union Finance Minister Shri P. Chidambaram at India Day: India - Next Wave of Inclusive Growth today at ADB Meeting at IEML, Greater Noida today: President, ADB, President, FICCI, delegates to the ADB Annual meeting and friends, I am happy to be here today, when there is renewed optimism in India™s… Read More
Ministry Clarification on Gratuity Pay under New Pension System
Death-cum-Retirement Gratuity is paid to Central Government employees under New PensionSystem (NPS) as it is paid under the old pension scheme. The monthly annuity under the New Pension System (NPS) is only a replacement of pension on retirement and family pension of death after retirement. The benefits of Death cum Retirement Gratuity (DCRG) and pension/family pension have… Read More
CLR Snippets | Ministry Clarification on Service Tax leviability on Takeaway Eating Joints
Prior to 01.04.2013, service tax was leviable on restaurants satisfying two conditions namely (i) the facility of air-conditioning or central heating in any part of the establishment, at any point of time during the year, and (ii) a license to serve alcoholic beverages. With effect from 01.04.2013, condition number (ii) stands deleted. Accordingly service tax… Read More
Regulatory initiatives on Insurance Coverage to Citizens
Insurance Regulatory and Development Authority has put in place regulatory initiatives, as part of its development role, for penetration of insurance amongst all sections of the society, including, rural, and social sector. Towards this purpose, the Authority has notified IRDA (Obligations of Insurers to Rural and Social Sectors) Regulations 2002, in accordance to which all… Read More
CLR Snippets | Progress on India™s first Women™s Bank
The Finance Minister in his Union Budget Speech for the year 2013-14 on February 28, 2013 announced the proposal to set up India™s first Women™s Bank as public sector bank with an initial outlay of Rs. 1,000 crore which can lend mostly to women and women-run businesses, that supports women Self Help Groups (SHGs) and… Read More
Government proposes 15% concession on investments of INR 100 crore or more on Manufacturing
The Government proposes to provide 15% concession on investment of more than Rs. 100 crore on project and automation in manufacturing sector of the country from 1st April, 2013 to 31st March, 2015. In order to encourage substantial investment in plant or machinery, the Finance Bill, 2013 proposes to insert a new section 32AC in… Read More
Exchange of Torn Currency
Reserve Bank of India (RBI) has informed that presently the facility of distribution of currency notes and coins through its counters against soiled/torn currency is being extended to the public. Bank notes and coins are distributed in exchange through counters of 19 Regional Offices of RBI and currency chest/bank branches. Public can also tender their… Read More
Government Envisages Investment of US $ 12.1 Billion in the Airport Sector
Civil Aviation Minister, Shri Ajit Singh, while launching the India Aviation 2014 today in New Delhi, said that rapidly expanding air transport network and opening up of the infrastructure to private sector participation have fuelled the growth of air traffic in India. He further said that the Government has envisaged an investment of US $ 12.1 billion in the… Read More
Policies to Prevent Loss of Agricultural Land
As per the latest Land Use Statistics data (LUS, 2010-11) compiled by Directorate of Economics and Statistics; Ministry of Agriculture, the agricultural land in the country has marginally shrunk to 182.0 million hectares in 2010-11 as compared to 183.6 million hectares in 2001-02. As per the Seventh Schedule of the Constitution of India, Land falls… Read More
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2012-13/490 MPD No.BC. 364/07.01.279/2012-13 May 3, 2013 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Monetary Policy Statement 2013-14 dated May 3, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been… Read More
RBI Clarification on Unique Customer Identification Code for NBFC Customers in India
RBI/2012-13/489 DNBS (PD).CC. No. 325/03.10.42/2012-13 May 03, 2013 Non-Deposit taking NBFCs with assets of Rs 25 cr and above/ All Deposit taking NBFCs Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) - Unique Customer Identification Code for NBFC Customers in India (UCIC) The Reserve Bank of India has… Read More
Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013
RBI/2012-13/488 DBOD.No.Ret.BC.91 /12.01.001/2012-13 May 3, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Annual Monetary Policy Statement 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013. 2. All penal interest rates on… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
