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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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RBI sets up Technical Committee on Services/Facilities for the Exporters
Given the current global and Indian scenario and the importance of export sector in the overall context, the Reserve Bank of India has constituted a technical committee to examine issues relating to difficulties being faced by exporters with regard to availability of credit, transaction costs, insurance and factoring and other procedural hassles in their dealings… Read More
Charges incurred for installation of machinery given on lease is capital in nature
CLR Editorial Notes: This case refers to an IT assessment of a Telecom Services company (engaged in promotion and establishing telecom services and allied activities). The assessee objected to the Tribunal's order of placing an installation expenditure and software expenses being capital in nature. The Hon'ble ruled that the charges incurred for installation of machinery reflected under head… Read More
NSDL does not have jurisdiction to adjudicate claim of ownership with respect to demated shares
CLR Editorial Notes: This is an Appeal under Section 10F of the Companies Act, 1956. The Hon'ble High Court of Mumbai has ruled that the National Securities Depositories Limited is not empowered to decide and/or adjudicate the claim of title in respect of demated shares. Any dispute with regard to the ownership and/or title of any share… Read More
GoI reiterates commitment on expansion of Power Sector
Govt. Committed towards rapid expansion of Power sector says Jyotiraditya Scindia The Government is committed towards sustainable development and rapid expansion of the physical infrastructure in general and the power sector in particular said Shri Jyotiraditya Scindia, Union Minister of State for Power (Independent charge) while inaugurating the International Operation & Maintenance (O&M) Conference today… Read More
MoC Speak :: Protectionism delays recovery and deepens recession
Protectionism delays recovery and deepens recession: Anand Sharma Urges nations to remain committed to open markets The Union Minister for Commerce & Industry Shri Anand Sharma has urged the developed nations to remain committed to open markets and zealously guard against protectionism. Speaking at the 21st NASSCOM India Leadership Forum 2013 in Mumbai on Wednesday,… Read More
MoC Speak :: India to be Leading International Trading Hub for Rough Diamonds
India Poised to be the Leading International Trading Hub for Rough Diamonds Task Group report to make recommendations to help India retain its primacy as a trading hub Shri Anand Sharma, Union Minister of Commerce, Industry and Textiles accepted and unveiled a Task Group report to make India an International Trading hub for rough diamonds.… Read More
PM Speak :: Focus on Socio-economic developments
Following is the text of the Prime Minister, Dr. Manmohan Singh™s address at the Conference of Governors at Rashtrapati Bhavan, in New Delhi today: Over the last two days, we have all benefitted from the presentations and discussions that have taken place in this conference. Occasions like this help us not only in developing a deeper understanding of issues of vital national… Read More
India™s Foreign Trade Report for January, 2013
EXPORTS (including re-exports) Exports during January, 2013 were valued at US $ 25587.24 million (Rs. 138981.70 crore) which was 0.82 per cent higher in Dollar terms (6.67 per cent higher in Rupee terms) than the level of US $ 25379.05 million (Rs. 130294.02 crore) during January, 2012. Cumulative value of exports for the period April-January 2012 -13… Read More
GoI to present revised Food Security Bill in Budget Session
The Government intends to present the revised National Food Security Bill in the Parliament during Budget Session for consideration and passage, so that the people are ensured of its benefits at the earliest. The Bill, to provide food security for all in a rights based manner, is being finalised in the light of recommendations of… Read More
FAQs regarding Form T-2 under Delhi VAT Rules
Q1. What is Form T-2? Ans. Form T-2 has been prescribed/notified by the Commissioner, Value Added Tax, Department of Trade and Taxes, requiring the dealers to furnish details of invoices and goods receipt note in respect of goods purchased or received as stock transfer from outside Delhi. This form is to be submitted online. Commissioner… Read More
Regarding submission of information in T-2 and effective date of implementation under Delhi VAT
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.7(433)/Policy-II/VAT/2012/1170-81 Dated :31-01-2013 NOTIFICATION I, Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on… Read More
Oriental Bank of Commerce and Vijaya Bank added for e-tax payment under Delhi VAT
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI OFFICE OF THE COMMISSIONER, VALUE ADDED TAX VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.7(239)/P-I/VAT/ 2009/1130-1143 Dated : 23.1.2013 NOTIFICATION In exercise of the powers conferred under sub-rule (2) of Rule 31 of the Delhi Value Added… Read More
Filing of Data in XBRL mode extended till 28th February 2013
General Circular No: 05/2013 No. 17/ 161 /2012-CL-V Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi-110001 Dated 12/02/2013 All the Regional Directors, All the Registrar of Companies. Sub: -Filing of Balance Sheet and Profit and Loss Account in extensible Business Reporting Language (XBRL) mode for… Read More
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