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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Punjab VAT due date for e-filing returns of Q3 extended till March 15th, 2013
GOVT. of PUNJAB Excise and Taxation Department PUBLIC NOTICE Dated: 4thMarch 2013 Kind Attention: All VAT Dealers, Advocates, Chartered Accountants and Cost Accountants Subject: The last date for E-Filing Returns of Q3 extended upto 15th March,2013 E-Filing returns of VAT-15 started on 31st January 2013. Subsequently, a newer version of VAT-15 was also made availableon 20th February… Read More
Amendments and clarifications on specified entries of Finance Act, 1994
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, (EXTRAORDINARY), 1PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification New Delhi, the 1st March, 2013 No.4/2013 - Service Tax G.S.R....(E)- In exercise of the powers conferred under sub-clause (iii) of clause (b) of section 96A of the Finance Act,… Read More
Date of submission of the Form ST-3 for July – Sep 2012 extended till 15th April 2013
F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs *** New Delhi, dated the 6th March, 2013 Order No: 01/2013-Service Tax In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends the… Read More
RBI to post Clarifications on New Banks Licensing Guidelines
The Reserve Bank of India has been receiving queries from intending applicants seeking clarifications on the guidelines on Licensing of New Banks in the Private Sector. The guidelines were issued on February 22, 2013. Considering that the clarifications sought would be of wider interest and use for all intending applicants, the Reserve Bank has decided to post… Read More
Clarification regarding Commission on Railway Safety
The working of Commissioner of Railway Safety is governed by the Railways Act, 1989. There is no proposal of amendment with regard to segregating the role of regulator, operator and investigator at present. There is no lack of coordination between the Commission of Railway Safety and the Railways. The Commission of Railway Safety functions under… Read More
National Electricity Policy and Steps towards provide economical electricity
Steps taken to provide Electricity at Economical rates. With a view to bringing improvement in the power sector and to provide electricity at economical rates to the consumers, following important steps have been taken by the Union Government :- (i) National Electricity Policy was notified in 2005 under the Electricity Act 2003 addressing the issues… Read More
Allocation of New Exploration Licensing Policy
Allocation of New Exploration Licensing Policy Gas only to Power plants agreed to Supply entire Electricity to Distribution Licensees. Empowered Group of Ministers (EGoM) has decided that the existing and future allocations of New Exploration Licensing Policy (NELP) gas to power plants be subject to the condition that the entire electricity produced from the allocated… Read More
Government Disinvestment in Central Public Sector Enterprises
Disinvestment of minority shares in Central Public Sector Enterprises (CPSEs) has become an important source of raising resource for the Government. The policy of ˜disinvestment™ in CPSEs has evolved over the years. Disinvestment of government equity in CPSEs began in 1991-92 following the Industrial Policy Statement of 1991, which stated that the Government would divest… Read More
Contractor™s liability to pay gratuity can be fastened on the principal employer
CLR Editorial Notes: In the present case the Madras High Court, was called upon to decide on an issue dealing with the payment of gratuity to an employee of the Mettur Thermal Power, for the period from 16.2.1988 to 30.4.1999, while performing services as a contract employee. The court held that even the contractor liability… Read More
Even on the termination of the agreement/contract, the arbitration agreement would still survive
CLR Editorial Note: The main issue in dispute in the present case was whether disputes that have arisen in relation to the termination of the MOU and the consequences thereof, are covered by the arbitration clause in the MOU which clearly provides for resolution of disputes through arbitration. The Supreme Court has held that since the… Read More
ICAI Releases Guidance Note on Accounting for Oil and Gas Producing Activities
Oil and gas is the lifeline of the economy of a country. The economic health of a country, among other factors, is also measured by the amount of oil and gas that is consumed in the country India, though having ample supply of natural mineral wealth, has traditionally been an importer of oil and gas. Every year a large… Read More
DVAT General Public Notice to Contractors/ Builders/ Developers/ Collaborators
GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN; I.P. ESTATE; NEW DELHI PUBLIC NOTICE (Attention: General Public, Companies, Group Housing Societies, Builders, Contractors, Developers, Collaborators, etc.) 1 All Contractors/ Builders/ Developers/ Collaborators, etc. (in short contractor) engaged in development /construction of immovable properties in Delhi are required to seek registration and… Read More
Amendments in the Reward/Incentive Schemes of Chapter 3 of Foreign Trade Policy
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-1 SECTION-1 GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE No. 51 (RE2012)/2009-14 NEW DELHI, DATED: 5th March, 2013 Subject: Amendments in the Reward/Incentive Schemes of Chapter 3 of Foreign Trade Policy 2009-14 - Appendix 37A,… Read More
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