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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Relaxation of additional fees and extension of last date in filing of various forms with the MCA
Circular No.. L./2013 No.17/187/2011-CL.V Government of India Ministry of Corporate Affairs 5th Floor, 'A' wing, Shastri Bhawan Dr. R.P. Road, New Delhi-110 001 Dated the: 8th February, 2013 To, All Regional Directors, All Registrars of Companies, All Official Liquidators, All Stakeholders. Sub:-Relaxation of additional fees and extension of last date in filing of various… Read More
CLB dismissed Company Petition filed under Sec 397 and 398 (oppression and mismanagement)
CLR Editorial Notes: The case refers to a Company Petition (CP) filed under sections 397 and 398 (oppression and mismanagement). The Company Law Board has held that that the consideration of oppression and mismanagement arises only if the petitioners are found to be shareholders of the company. Hence the issue being held against the company and… Read More
MCA will waive additional fees owing to non-smooth functioning of its website
The following message has been displayed on the home page of the Ministry of Corporate Affairs. The Ministry acknowledges that services on MCA 21 are not of the fullest satisfaction of the stakeholders for last few days. The Ministry is seized of the matter and taking all necessary steps for smooth functioning of MCA 21.… Read More
Supreme Court sets aside judgement related to cheque dishonour due to signature mismatch
CLR Editorial Notes: A Supreme Court Justice Bench had set aside a verdict given by Hon'ble Gujarat High Court, in a case of dishounour of cheque due to mismatch of signatures of signatories. The HC had held that a criminal proceeding against the perpetrator for cheque dishonour can be initiated only in an event where… Read More
Excise Tribunal disposes Case related to incorrect application of certain Cenvat Credit Rules, 2004
CLR Editorial Notes: The case refers to an appeal filed with the CESTAT against CCE, Hyderbad on incorrect application of an Excise law Section for a CENVAT credit case and corresponding appeal to set aside the penalty. It was contested by the appellant that the rule under which the penalty notice has been served does… Read More
SEBI Order with respect to esrtwhile Hyderabad Stock Exchange
Order in the matter of Exit of Hyderabad Securities and Enterprises Limited (Erstwhile Hyderabad Stock Exchange 1.There are currently 25 Stock Exchanges across the country most of which are non-operational and only five have trading on their platform which includes NSE, BSE, MCX, USE and CSE. 2.SEBI vide Circular dated May 30, 2012 had issued… Read More
Increase in FII debt limit for Government and Corporate Debt category
CIRCULAR CIR/IMD/FIIC/3/2013 February 08, 2013 To All Foreign Institutional Investors Through their designated Custodians of Securities Dear Sir/Madam Sub: Increase in FII debt limit for Government and Corporate Debt category 1. The Reserve Bank of India vide circular RBI/2012-13/391, dated January 24, 2013, had enhanced the limit for investment by FIIs in the Government Debt… Read More
Liquidity Enhancement Schemes for Liquid Securities in Equity Cash market
CIRCULAR CIR/MRD/DP/05/2013 February 08, 2013 To All Stock Exchanges. Dear Sir/Madam, Sub: Liquidity Enhancement Schemes for Illiquid Securities in Equity Cash market 1. SEBI vide its circular CIR/DNPD/5/2011 dated June 02, 2011, permitted liquidity enhancement schemes (LES) in Equity Derivatives Segment and specified broad guidelines for the same. 2. Pursuant to the introduction of LES… Read More
SEBI Suspends Certificate of registration on account of functioning irregularities
PR No. 21/2013 Certificate of registration of M/s. Chanakya Stock Broking Services Pvt. Ltd., suspended Shri Prashant Saran, Whole Time Member, SEBI has vide an order dated February 05, 2013, in the matter of M/s. P.N. Vijay Financial Services Pvt. Ltd., suspended the certificate of registration of the stock broker M/s. Chanakya Stock Broking Services… Read More
Supreme Court fixes responsibility in Delay of filing Special Leave Petition
Section 261 of the Income-tax Act, 1961 - Supreme Court - Appeals to - Delay in filing of SLP in Supreme Court - fixing of responsibility Letter No. DGIT (L&R)/SOP for SLP/2012-13/04, dated 4-2-2013 Please refer to the above. 2. I am directed to say that the delay in filing of SLP is a serious… Read More
ICSI organises International Trade Development and Investor Awareness
Background The bilateral trade between India and Indonesia is expected to grow to around $ 45 billion by 2015. With signing of many MoUs, the trade between the two nations is expected to grow at a rapid pace. There is a vast scope for cooperation between Indonesia and India interalia in the fields of tourism, infrastructure,… Read More
Recognition to Members of ICSI under SEBI (Investment Advisers) Regulations, 2013
SEBI has issued SEBI (Investment Advisers)Regulations, 2013 on January 21,2013, requiring yearly audit of Compliance by Members of ICSI. Regulation 19 (3) reads as under : An investment adviser shall conduct yearly audit in respect of compliance with these regulations from a member of Institute of Chartered Accountants of India or Institute of Company Secretaries of… Read More
Disinvestment of Paid up Equity Capital in Oil India Limited
Disinvestment of 10% of Paid up Equity Capital in Oil India Limited through Offer for Sale (OFS) Mechanism.Completed; Net Proceeds Worth Rs. 3141.39 Crore.Received by The Government through OFS The offer on sale(OFS) transaction in Oil India Ltd. was held on 01.02.2013. A total number of 601,13,157 shares were sold at the cut off price of Rs.… Read More
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