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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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Articles by eMinds Legal

Goa VAT – Due Date For VAT Assessments Of 2010-11 Extended Till 30-09-2013

Goa VAT Circular GOVERNMENT OF GOA Department of Finance Office of the Commissioner of Commercial Taxes Notification No. CCT/12-2/12-13/5655 Whereas, sub-section (3) of Section 29 of the Goa Value Added Tax Act, 2005 (Goa Act 9 of 2005) (hereinafter referred to as the said Act), inter alia, provides that no assessment under that section for… Read More

Karnataka Taxation Laws (Amendment) Bill 2013

Karnataka Taxation Laws (Amendment) Bill 2013 Dated: 08.03.2013 KARNATAKA ACT NO 27 OF 2013 (First Published in the Karnataka Gazette Extra-ordinary on the Eighth day of March, 2013) THE KARNATAKA TAXATION LAWS (AMENDMENT) ACT, 2013 (Received the assent of the Governor on the fifth day of March. 2013) An Act further to amend certain taxation… Read More

MSME sector contribution to Exports increases

MSME Contribution The MSME sector contributes around 9% of GDP and accounts for around 45% of the manufacturing output and around 36% of total value of exports says MSME Minister Shri K.H. Muniyappa, Minister of State (Independent Charge) for MSME on the eve of the main event of National Award Presentation while addressing the Media… Read More

CECA Negotiations between India & Eurasian Economic Commission

(CECA) Comprehensive Economic Cooperation Agreement Negotiations India and Eurasian Economic Commission (EEC) today agreed to move towards starting negotiations for a Comprehensive Economic Cooperation Agreement (CECA) between India and Customs Union (CU) that comprises the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation. In a bilateral meeting with Mr. Viktor Khristenko, Chairperson of… Read More

ADB to grant loan for improving Rural Roads in Some Indian States

ADB & GoI sign Loan Agreement for Improvement of Rural Roads ADB and the Government of India Sign A $ 252 Million Loan to Continue improving Rural Roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal The Asian Development Bank (ADB) and the Government of India today signed here a $252… Read More

Perishable Agro Products to be accorded priority

Circular No. 12 / 2013-Customs F.NO. 450/7/2012- Cus IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Dated the 02nd April, 2013 To; All Chief Commissioners of Customs / Customs ( Prev) All Chief Commissioners of Customs & Central Excise. All Director Generals of CBEC All Commissioners of Customs… Read More

RBI proposes New Capital Adequacy Framework

RBI/2012-13/467 DBOD.No.BP.BC.89.21.04.009/2012-13 April 02, 2013 All Scheduled Commercial Banks (Excluding Local Area Banks & Regional Rural Banks) Dear Sir/ Madam, New Capital Adequacy Framework- Non-market related Off Balance Sheet Items - Bank Guarantees Please refer to the Master Circular DBOD.No.BP.BC.16/21.06.001/2012-13 dated July 2, 2012 on ˜Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)™.… Read More

CBEC Clarification regarding expansion of an eligible unit by acquiring adjacent plot of land

Circular No. 968/02/2013-CX F. No. 101/09/2012-CX3 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, the 1st April, 2013 To, All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Director Generals Sir/Madam Sub.:- Clarification regarding admissibility of exemption under area-based Notifications No.… Read More

FII Debt Limits Rationalisation – SEBI Simplifies Framework

CIRCULAR CIR/IMD/FIIC/6/2013 April 1, 2013 To All Foreign Institutional Investors Through their designated Custodians of Securities Dear Sir/Madam Sub: Rationalisation of Debt Limits 1. The Government of India has issued a Press Release dated March 23, 2013 wherein, inter alia, the following measures have been proposed to simplify the framework of FII debt limits :… Read More

Amendment to SEBI (Know Your Client) Registration Agency Regulations

CIRCULAR CIR/MIRSD/ 4 /2013 March 28, 2013 1. KYC Registration Agencies (KRAs), 2. Stock Brokers through Stock Exchanges, 3. Depository Participants (DPs) through Depositories, 4. Mutual Funds (MFs) through Association of Mutual Funds in India (AMFI) 5. Portfolio Managers (PMs) 6. Alternative Investment Funds (AIFs) 7. Collective Investment Schemes (CIS), Dear Sirs, Sub: Amendment to… Read More

RBI Simplifies KYC / AML Norms for Self Help Groups

RBI/2012-13/461 RPCD.RCB.RRB.AML.BC.No.71/07.51.018/2012-13 April 01, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying KYC / AML norms for Self… Read More

Guidelines on Investment in Insurance for Core Investment Companies

RBI/2012-13/466 DNBS(PD) CC.No.322/03.10.001/2012-13 April 1, 2013 All NBFCs Dear Sirs, Core Investment Companies Guidelines on Investment in Insurance At present NBFCs venturing into insurance are guided by the circular DNBS(PD).CC.No.13/02.01/99-2000 dated June 30, 2000 on amendment to NBFC Regulations which contains the ˜Guidelines for entry of NBFCs into Insurance™. In view of the unique business model of… Read More

Foreign investment in India by SEBI registered FIIs in Government Securities and Corporate Debt

RBI/2012-13/465 A.P. (DIR Series) Circular No.94 April 01, 2013 To All Category I Authorised Dealer Banks Madam / Sir, Foreign investment in India by SEBI registered FIIs in Government Securities and Corporate Debt Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of… Read More

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