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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Census 2011: Abstract- Primary Data Released
Shri Sushil Kumar Shinde, Union Home Minister released the Primary Census Abstract-Data Highlights of Census 2011 in a function organized by the Office of the Registrar General & Census Commissioner, India here today. On this occasion Union Home Minister congratulated all stake holders for completing the 2011 Census and said that the results of efforts… Read More
Nuclear And Radiation Safety Policy of Atomic Energy Regulatory Board (AERB)
In accordance with the Presidential orders dated 15 November 1983, constituting the AERB, the functions of AERB include, as per clause 2(i), development of safety policies in both radiation and industrial safety areas, and further, as per clause 2(vi), evolving major safety policies based on safety criteria, recommended by IAEA and other international bodies, adopted… Read More
Regulatory Mechanism for Ayurvedic, Unani and Homoeopathic Medicines
Ayurvedic Treatment Procedures Ayurvedic, Unani and Homoeopathic medicines are regulated in the country under the provisions of Drugs & Cosmetics Act, 1940 and the Rules thereunder. For this purpose, the Licensing Authorities are appointed by the State Government to grant license for manufacturing of Ayurveda, Unani and Homeopathic medicines and enforce the legal provisions for… Read More
CBDT Circular on application of profit split method
F No. 500/139/2012 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Foreign Tax and Tax Research-I Division) New Delhi, the 26th day of March, 2013 Circular No. 02 /2013 Sub: Circular on application of profit split method It has been brought to the notice of CBDT that clarification is… Read More
International Labour Day – Government Message
Union Labour & Employment Minister Shri Mallikarjuna Kharge has greeted the Labour Fraternity on the eve of International Labour Day for their well being in all walks of life. On this occasion he has reiterated the Governments resolve to continuously pursue its efforts to promote the welfare of workers. Following is the text of Ministers… Read More
CLR Urgent :: New Norms for XBRL Filing
New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of 2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms. Giving this information in written reply to a question… Read More
Unclaimed Money Lying With Companies
The Ministry of Corporate Affairs has decided to analyse the data uploaded on the MCA 21 portal by companies regarding unpaid and unclaimed money lying with such companies. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that it has also been decided… Read More
FDI in Food Processing Industries
Inflow of Foreign Direct Investment to the food processing industries sector for the last 3 years including 2012-13 (April to February) is as follows: Sl. No. Year (Apr-Mar) FDI (Rs.Crore) FDI (US$ million) 1 2010-11 5,796.22 1,271.77 2 2011-12 7,677.74 1,652.38 3 2012-13(Apr to Feb) 2887.03 529.09 Foreign Direct Investment (FDI) complements and supplements domestic investment. FDI… Read More
Companies Bill, 2012 provides for Regulation of Foreign Online Companies
Sachin Pilot, MCA It had come to the notice of the Government that certain foreign entities are conducting online activities in India without actually getting themselves registered. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that in order to regulate online activities… Read More
Penal Action Against Fraudulent Companies
Sachin Pilot, Minister for Coroporate Affairs During last five years i.e. from 2008-09 to 2012-13 a total of 782 inspection reports in respect of companies were received in the Ministry of Corporate Affairs. Based on the findings in the inspection reports, penal actions have been taken against the companies and their directors/officers in default for… Read More
Multi Level Marketing – Curbs on Fraudulent Companies
Multi Level Marketing (MLM) Schemes involving enrollment of a vertical chain of investors/agents constitute Money Circulation and are banned under the Prize Chits & Money Circulation (Schemes)Banning Act, 1978 which is implemented by the States. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs,… Read More
Corporate Social Responsibility and the Existing Companies Law
There is no provision for Corporate Social Responsibility (CSR) spending by companies in the existing Companies law i.e. Companies Act, 1956. However, the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said… Read More
Annual Plan 2013-14 for Punjab finalised
The Annual Plan for the year 2013-14 for the state of Punjab was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Punjab, Sh. S. Parkash Singh Badal. The plan size has been agreed at Rs16,125crore. In his comments, Deputy Chairman assured the State Government… Read More
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