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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CLR Snippets :: Reviewing the Procedure of Appointment of Judges
The appointment of Judges to High Courts and Supreme Court is based on a Memorandum of Procedure for Appointment of Judges of Supreme Court and High Courts prepared in 1998 pursuant to the Supreme Court Judgement of October 6, 1993 read with their Advisory Opinion of October 28, 1998. Giving this information in written reply… Read More
Highlights of the PM Economic Advisory Council Review of the Economy 2012-13
Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister released the document ˜Review of the Economy 2012-13™ at a Press Conference in New Delhi today. Following are the highlights of the document: Ø Economy to grow at 6.4% in 2013-14 The Advance Estimates of CSO have pegged the growth of Agriculture at 1.8% in 2012-13. In expectation of… Read More
CLR Snippets :: National Judicial Data Grid
The National Judicial Data Grid (NJDG) is a part of the on-going e-Courts Integrated Mission Mode Project. NJDG will work as a monitoring tool to identify, manage & reduce pendency of cases. Giving this information in written reply to a question in the Rajya Sabha, Dr. Ashwani Kumar, Minister of Law & Justice, said that… Read More
CLR Snippets :: Restructuring of CIL to be Undertaken Soon
The Expert Committee headed by T.L Shankar recommended that the issue of major restructuring of CIL should be considered during the 12th Plan Period. This information was given by the Minister of State for Coal, Shri Pratik Prakash Bapu Patil in a written reply in Lok Sabha today. The Minister said that the Government has floated… Read More
CLR Snippets :: Law Commission to give Recommendations on Electoral Reforms
The issue of electoral reforms in its entirety, which inter alia includes the funding of elections, has been referred to the Law Commission of India for its recommendations. Giving this information in written reply to a question in the Rajya Sabha, Dr. Ashwani Kumar, Minister of Law & Justice, said that the Law Commission had… Read More
Anand Sharma Launches 21 New Textiles Parks
The Union Minister for Commerce, Industry and Textiles, Shri Anand Sharma launched 21 New Textile Parks approved under Scheme for Integrated Textile Parks (SITP) here today. These new parks take the total number to 61 parks as 40 Parks were sanctioned earlier. The Scheme for Integrated Textiles Parks (SITP) has been instrumental in development of… Read More
CCI provides clearances for exploration and production activities in Gas blocks
The Cabinet Committee on Investment (CCI), at its meeting held today, cleared 25 E&P blocks for continued exploration of Oil and Gas, out of 31 E&P blocks where work had been stopped on account of security restrictions imposed by Ministry of Defence. Out of 31 blocks, 9 blocks have been fully cleared and 16 blocks… Read More
CCI is Monitoring Critical and High Investment projects
The Cabinet Committee on Investment today reviewed the status of twenty projects with investment of Rs.1000 crore or more which were pending for different types of approvals and clearances with a view to expediting decisions on approvals and clearances. The projects were identified in transmission, hydro and thermal sector where various clearances are pending mostly… Read More
SEBI invites comments on discussion paper – Risk Management – Safer Markets for Investors
Securities and Exchange Board of India (SEBI) has from time to time put in place various risk containment measures to address the risks involved in the cash and derivatives market. But as the market is always in a dynamic state, the risk management system cannot remain static and has to constantly address the changing risk… Read More
CLR Important :: Redress of investor grievances through SEBI Complaints Redress System (SCORES)
CIRCULAR C I R/OIAE/1 /2013 April 17, 2013 All Companies whose securities are listed on Stock Exchanges (through Stock Exchanges), All recognized Stock Exchanges Dear Sir/Madam, Sub: Redress of investor grievances through SEBI Complaints Redress System (SCORES) 1. Pursuant to the provisions of Section 15C SEBI Act, 1992, all listed companies are hereby called… Read More
In order to recover foreign arbitration award, a Company’s name can be restored
Ratio of the Case: Merely because a financial loss would be suffered by the appellant qua the arbitration Awards which had been passed against him would not entitle him to come under the exception seeking a refusal of the restoration of the company. CLR Editorial Note: The appellant was aggrieved by an order wherein an… Read More
Business advances also need to be benchmarked on Libor ALP
CLR Editorial Note: The assessee, an Indian company, had given loans of Rs. 15.65 crores to its Associated Enterprises s in USA, Singapore and Bahrain. In its assessment report, it claimed that the said loans were working capital advances given for commercial consideration to secure the business and that no interest was recoverable on it.… Read More
PDS Consumers to Get Sugar at Existing Rate
The Central Government has considered the recommendations of Dr. C. Rangarajan Committee on deregulation of sugar sector and has, inter-alia, decided to do away with the levy obligation on sugar mills for sugar produced after September 2012. However, to make sugar available in the Targeted Public Distribution System (TPDS) at the existing retail issue price… Read More
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