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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MCA for Strengthening Bilateral Relations with Sweden
Shri Sachin Pilot Meets Swedish Ministers to Further Strengthen Bilateral Relations between India and Sweden Shri Sachin Pilot, Minister for Corporate Affairs, during his three day official visit to Sweden last week had a meeting with the Foreign Minister of Sweden, Shri Carl Bildt and Swedish Minister for Financial Markets, Shri Peter Norman. On Saturday… Read More
India & Germany to co-operate in the field of Higher education
Germany and India have agreed for Strategic partnership in higher education. The Jointly funded programme aims to intensify existing partnerships in higher Education. The programme will focus on establishing joint research projects that will include joint supervision as well as student and academic exchanges. Germany is cooperating with Ministry of Human Resources Development and the… Read More
Russia Key Partner in National Manufacturing Policy
Russia to be Key Partner in Upcoming NMIZS Anand Sharma Discusses Key Projects with Russian Counterparts Russia will be a key partner in upcoming industrial townships under National Manufacturing Policy. The Union Minster of Commerce Industry and Textiles who met his counterpart Mr. Denis v. Manturov, Minister of Industry and Trade, Russian Federation and Mr.… Read More
MoC to review progress of India-EU BTIA
Anand Sharma to Review India EU BTIA at Ministerial in Brussels Tomorrow The Union Minister of Commerce, Industry and Textiles, Shri Anand Sharma will review the progress of India-EU BTIA at a Ministerial with his EU counterpart Trade Commissioner Karel de Gucht at Brussels tomorrow. The meeting assumes special significance as negotiations are poised at… Read More
Karnataka VAT Clarifications
Karnataka VAT - Clarification under Section 59(4) regarding the rate of tax applicable on certain ready to fry food products and Production of Statutory Forms prescribed under CST Act, 1956 at the time of assessment/re-assessment for the year 2005-06. Document is available for download ****** Read More
Goa Value Added Tax Act and other taxes Amendment Document
Amendment notifications have been issued in the attached document. Refer: Goa Value Added Tax Act - Page no. 9 & 10 Goa Tax on Entry of Goods Act - Page no. 8 & 12, Goa Tax on Luxuries - Page no. 10 & 13 Goa Excise Duty (Amendment) Rules, 2013 - Page no. 1 ****** Document is available for… Read More
Finance Lease Vs Operating Lease – Differences explained
CLR Editorial Notes: The Difference between Finance Lease and Operating Lease has been adequetely explained in this case and in the reference cases. The assessee, a bank, purchased a boiler and gave it on lease to Indo-Gulf Fertilisers. The assessee claimed depreciation on the said boiler on the basis that it was the owner thereof. The Assessing… Read More
Share application money is not loan or advance
Ratio Decidendi: Money paid in advance for Share application cannot be treated as loan or advance or Deemed Dividend as under Section 2(22)(e) of the IT Act. CLR Editorial Note: The assessee was a beneficial shareholder of two companies named Kingston Properties P Ltd. (KPPL), New Dimensions Consultants P Ltd (NDCPL) & R. S. Estate Developers P Ltd… Read More
SEBI prevents attempt to mis-sell an investment product
SEBI today prevented an attempt to mis-sell an investment product to an investor in Delhi by a person claiming as agent of mutual funds. SEBI had received a complaint from an investor (hereinafter referred to as ' complainant') that some unknown persons claiming to be 'agents' and 'brokers' of Mutual Funds and insurance companies have… Read More
Exit Order in respect of Saurashtra Kutch Stock Exchange Limited (SKSEL)
1. SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges This contained details of the conditions for exit of de-recognised/non-operational stock exchanges interalia including treatment of assets of de-recognised exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of Investors.… Read More
Exit order in respect of Coimbatore Stock Exchange (CSX)
1. SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges inter-alia including treatment of assets of de-recognised exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of… Read More
Arbitration Mechanism through Stock Exchanges
SEBI has received inputs from investors regarding functioning of arbitration mechanism at the Stock Exchanges. In light of which, all Stock Exchanges having nation-wide trading terminals have been advised to pool the list of arbitrators and create a 'Common Pool', instead of having exchange-wise pools of arbitrators. This pooling of arbitrators is done centre-wise. The… Read More
Companies eligible for shifting from Trade for Trade Settlement to Normal Rolling Settlement
CIRCULAR CIR/MRD/DP/ 12 /2013 April 08, 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 that the companies listed in… Read More
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