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.
A:544, Tower B2, Spaze i-Tech Park Gurgaon, Haryana, India
Implementation of continuous release of credit messages in the National Electronic Funds Transfer
NEFT - Introduction of Continuous Release of Credit Messages RBI/2012-13/417 DPSS. CO. EPPD No. 1400/04.03.01/2012-13 February 18, 2013 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT Madam / Dear Sir, NEFT - Introduction of Continuous Release of Credit Messages Please refer to our circular DPSS. CO. EPPD No.… Read More
Guidelines on Fair Practices Code for NBFCs
RBI/2012-13/416 DNBS.CC.PD.No.320/03.10.01/2012-13 February 18, 2013 To All NBFCs Dear Sir, Guidelines on Fair Practices Code for NBFCs Grievance Redressal Mechanism - Nodal Officer The Reserve Bank vide its circular dated March 26, 2012, issued revised guidelines on Fair Practices Code (FPC) for all NBFCs to be adopted by them while doing lending business. The guidelines… Read More
Indian Banking Sector – Pushing the Boundaries
(Valedictory Address delivered by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at the 11th Advanced Management Programme ˜Towards the Next Orbit: Indian Banking Sector™ organized by IMI at New Delhi on February 14, 2013) Dr. Pritam Singh, Director General, International Management Institute (IMI), participants from Reserve Bank of India and the commercial banks!… Read More
Amendment Notification for increasing total Area notified for Biotechnology SEZ in Pune
The Gazette Of India Extraordinary Part II Section 3 Sub Section (ii) Published by Authority New Delhi, Friday, February 8, 2013/Magha 19, 1934 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOT IF'ICATION New Delhi, the 7th February, 2013 S.O. 341(E).-Whereas, M/s. SEZ Bio-Tech Services Pvt. Ltd., a private organisation in the State of Maharashtra,… Read More
Assessment appeal should be filed within 30 days by filing an application for condonation of delay
2012-ITS-2882-CESTAT-M/s. Patel Stationers Pvt. Limited -Vs- Commissioner of Central Excise, VAPI , Decision : 31.12..2012 CUSTOMS EXCISE & SERVICE TAX APPELLATE TRIBUNAL, West Zonal Bench, Ahmedabad Appeal No. : E/927 of 2012 [Application No. E/S/1450 of 2012] Arising out of : OIA No. SRP/27/VAPI/2012-13 dated 18.09.2012 Passed by : Commr. (Appeals) C. Excise & Customs,… Read More
Deduction under Section 80HHC cannot be allowed ignoring the restrictive clause contained in Section 80-IA
Commissioner Of Income Tax-I, ... vs M/S Abhishek Industries Limited. on 20 December, 2012 ITA No. 312 of 2011 PUNJAB AND HARYANA HIGH COURT AT CHANDIGARH ITA No. 312 of 2011 Date of Decision: 20.12.2012 Commissioner of Income Tax-I, Ludhiana ........ Appellant Versus M/s Abhishek Industries Limited. ...... Respondent CORAM: HON'BLE MR. JUSTICE SURYA KANT… Read More
Gains from share sale of foreign company held by and sold to Non-residents, not taxable in India as per Indo-French DTAA even if the foreign co. held Indian assets
CLR Editorial Notes : Murieux Alliance (˜MA™) and Groupe Industrial Marcel Dassault (GIMD) , two French companies were holding shares in ShanH (another French company). MA & GIMD combine acquired shares in Shantha Biotechnics Ltd (Shantha), an Indian company. The shares of Shantha were transferred to ShanH, being held by MA and GIMD, which subsequently… Read More
Modelling Currency Demand in India – DRG Study
DRG Study No. 39 - Modelling Currency Demand in India: An Empirical Study The Reserve Bank of India released today the DRG Study titled, Modelling Currency Demand in India: An Empirical Study. The study is co-authored by Dr. D. M. Nachane, A. B. Chakraborty, A. K. Mitra and Sanjib Bordoloi. The main objective of the… Read More
Prevention of Money-laundering (Amendment) Act, 2012 notified to be enforced from 15th Feb 2013
The Gazette Of India Extraordinary Part II Section 3 Sub Section (ii) Published by Authority New Delhi, Friday, February 8, 2013/Magha 19, 1934 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 8th February, 2013 S.O. 343(E).-In exercise of the powers conferred by sub-section (2) of Section 1 of the Prevention of Money-laundering (Amendment)… Read More
CESTAT case regarding Service tax discharged on commission amounts from the GoI
CLR Editorial Notes: This case is related to a show cause notice sent to an assessee for evasion of Service Tax Payments. The appeal was against the show cause notice on confirmation of demand of service tax liability, interest thereof and for the imposition of penalty. They did not demand refund of service tax, but only prayed only… Read More
Notification to Mumbai Port Trust regarding provisions of Sections 13 and 14 of Minimum Wages Act, 1948
MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 7th February, 2013 S.O. 356(E).- In exercise of the powers conferred by sub-section (2) of Section 26 of the Minimum Wages Act, 1948 (11 of 1948), the Central Government having regard to the special regulations in force in respect of the duty hours, rest day and… Read More
Amendments in SEZ Notifications – changes in item contents
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 8th February, 2013 S.O.355(E).---The Central Government, in exercise of the powers conferred by sub-section (1) of Section 4 of the Special Economic Zone Act, 2005 (28 of 2005) and in pursuance of rule 8 of the Special Economic Zones Rules, 2006, hereby makes… Read More
Cenvat credit may be utilized for payment of service tax on any output service
CLR Editorial Notes: This case is related to an audit conducted by the Central Excise team at the appellant's factory. The appellant is a manufacturing unit and transfers the produce to their depot which in turn has been equated to GTA services. The transportation being an input service, it was observed that the appellant was paying… Read More
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