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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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Measures taken by GoI against Cyber Security Threat
There have been attempts from time to time to penetrate cyber networks operating in Government. These attacks have been observed to be originating from the cyber space of a number of countries including China. It has been observed that the attackers are compromising computer systems located in different parts of the World and use masquerading… Read More
Modification in Forest Clearance Norms
The Ministry of Environment and Forests (MoEF) vide letter dated 01.02.2013 informed the all State/ Union Territory Governments as below: (i) Henceforth, in case of mining leases having forest land in part or in full, approval under the Forest (Conservation) Act, 1980 (FC Act) for diversion of entire forest land located within the mining lease… Read More
New Foreign Contribution Regulation ACT Messaging System
A new FCRA Messaging System has been set up within the online FCRA System at www.fcraonline.nic.in to facilitate speedy and assured communication between Ministry of Home Affairs, (Foreigners Division FCRA) and NGOs. Presently, this FCRA Messaging System is available / accessible to NGOs who have applied for FCRA registration online and to registered NGOs. The… Read More
Defence Export Policy
The Government does not have a separate Defence Export Policy. The Export and Import Policy along with the conditions thereof is available in the ITC (HS) Classification of Export and Import items as published by Department of Commerce. The same can be accessed on the DGFT website at www.dgft.gov.in. Schedule 2 of the ITC (HS)… Read More
ICAI perspective on the Economic Survey 2012-2013
The Institute of Chartered Accountants of India (ICAI) welcomes the Economic Survey 2012-13 which shows that although the economy exhibited moderate growth rate during 2012-13 but its growth rate is much higher and better than the global growth rate and growth rate achieved by developed economies. The ICAI is sure that with strong economic fundamentals,… Read More
DVAT Notification regarding Composition Scheme
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI FINANCE (REVENUE-I) DEPARTMENT DELHI SACHIVALAYA, I.P. ESTATE, NEW DELHI-110002 No.3(13)/Fin.(Rev-I)/2012-13/dsvi/180/ Dated the 28-02-2013 NOTIFICATION Whereas the Lt. Governor of the National Capital Territory of Delhi is of the opinion that it is necessary in the interest of… Read More
CBEC Clarifies Norms for Execution of Bank Guarantee in respect of Advance Authorization under EPCG schemes
Circular No. 08 / 2013-Customs F. No.609/134/2012-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise and Customs New Delhi, the 4th March, 2013 To All Chief Commissioners of Customs All Chief Commissioners of Central Excise / Customs & Central Excise All Director Generals under CBEC, All Commissioners of Customs /… Read More
GoI signs Double Taxation Avoidance Agreement & Prevention of Fiscal Evasion with Ethiopia
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 14/2013 INCOME TAX New Delhi, the 21st February, 2013 S.O.418(E)- Whereas the annexed Agreement between the Government of the Republic ofIndia and the Government of the Federal Democratic Republic of Ethiopia for the Avoidance of Double Taxation and the Prevention of fiscal evasion with respect to taxes on income… Read More
MoF Communique on Tax Residency Certificate and proposed amendments to Indian Income Tax Act
Mauritius has taken note of the measures announced by the Indian Minister of Finance, the Honourable P. Chidambaram, during the presentation of the 2013-14 budget to the Indian Parliament on Thursday 28 February 2013. The Minister announced, amongst others, that the Indian Income Tax Act would be amended to provide that Tax Residency Certificate (TRC)… Read More
Corporates under Investigation are not allowed to access ECB under the Automatic route
RBI/2012-13/429 A.P. (DIR Series) Circular No. 87 March 5, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy Corporates under Investigation Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 71 dated June 30, 2009… Read More
Scope of the guidelines for Facility for Exchange of Notes and Coins widened
RBI/2012-13/428 DCM (NE) No. 3498 /08.07.18/2012-13 January 28, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Facility for Exchange of Notes and Coins Please refer to paras 130 and 131 of the Monetary Policy Statement 2012-13 of Reserve Bank of India… Read More
GoI signs DTAA with Bhutan
Double Taxation Avoidance agreement (DTAA) Signed by India and Bhutan ; to Provide Tax Stability to the Residents of India and Bhutan and Facilitate Mutual Economic Cooperation and Stimulate the Flow of Investment, Technology and Services between Two Countries The Government of the Republic of India signed a Double Taxation Avoidance Agreement (DTAA) with the… Read More
Action taken on Anti-Competitive Agreements by the Competition Commission of India
During the last three years, the Competition Commission of India (CCI) has passed Cease and Desist Orders in 14 cases; and Cease and Desist Orders along with a penalty of Rs.7,354.11 crore in another 14 cases of anti-competitive agreements. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that the parties… Read More
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