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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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Official Amendments to Lokpal and Lokayuktas Bill, 2011
The Union Cabinet has approved the proposals submitted by the Department of Personnel & Training for moving official amendments to the Lokpal and Lokayuktas Bill, 2011 as reported by the Select Committee of Rajya Sabha. The Lokpal and Lokayuktas Bill, 2011 was passed by the Lok Sabha on 27th December, 2011. The Bill was taken… Read More
Revival of Scooters India Limited, Lucknow
The Union Cabinet today approved the revival of Scooters India Limited, Lucknow (SIL) through infusion of funds of Rs. 90.38 crore as capex/working capital and financial restructuring through waiver/conversion of Government of India loan/interest to the tune of Rs.111.58 crore. The Cabinet also approved the 2007 pay scales to the employees as per the Department… Read More
Amendments to Regional Rural Banks (RRBs) Act, 1976
The Union Cabinet today gave its approval to the proposed amendments in the Regional Rural Banks (RRBs) Act, 1976 to enhance authorized and issued capital to strengthen their capital base. The term of the non official directors appointed by the Central Government is proposed to be fixed not exceeding two years. The proposed amendments will… Read More
Disclosure Requirements on Advances Restructured by Banks and Financial Institutions
RBI/2012-13/409 DBOD.BP.BC.No.80/21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosure Requirements on Advances Restructured by Banks and Financial Institutions Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose… Read More
Financial Literacy Material for Financial Literacy Centres
RBI/2012-13/408 RPCD.FLC.No.7641/12.01.018/2012-13 January 31, 2013 To Chairman/CMDs of Scheduled Commercial Banks (including RRBs) Dear Sir Financial Literacy Material Please refer to our circular RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012 regarding revised guidelines on the Financial Literacy Centres (FLC), in terms of which it was advised that FLCs and all the rural branches of scheduled commercial banks should scale… Read More
Public Profile of the New President of the Council of The ICSI
CS S.N. Ananthasubramanian President, Council of The ICSI CS S.N. Ananthasubramanian has been elected as the PRESIDENT of the Council of the Institute Company Secretaries of India (ICSI) w.e.f. 19th January, 2013. He was the VicePresident of ICSI in 2012. A member of the Council of ICSI since 2007, he was reelected in 2010 for… Read More
Public Profile of the New Vice-President of the Council of The ICSI
CS Harish K. Vaid Vice-President, Council ofThe ICSI CS Harish K. Vaid has been elected as the Vice-President of the Council of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2013. CS Harish K Vaid, a Commerce & Law Graduate, is a Fellow Member of The Institute of Company Secretaries of India. Besides being… Read More
SEBI releases Discussion Paper on ‘Mandatory Safety Net Mechanism’
Background Regulation 44 of SEBI (ICDR) Regulations, 2009 addresses the concept of Safety Net in public Issues. Excerpts from the same are reproduced below: An issuer may provide for a safety-net arrangement for the specified securities offered in any public issue in consultation with the BRLM after ascertaining the financial capacity of the person offering… Read More
SEBI releases Data on Corporate Debt – Public issues of Non-convertible Debenture
Public issues of Non-convertible Debenture 2008-09 Sr. No. Name of company Issue opened on Issue closed on Base issue size Rs Cr Final Issue size Rs Cr* 1 Tata Capital Limited 2-Feb-09 24-Feb-09 500.00 1500.00 Total 1500.00 2009-10 Sr. No. Name of company Issue opened on Issue closed on Base issue size Rs Cr Final… Read More
SEBI releases data on Outstanding Corporate Bonds
The full Data is available for download. Read More
SEBI Order in the Fraudulent Practices case of creation of artificial volume using circular / reversal trades
The Securities and Exchange Board of India (SEBI) conducted an investigation into the dealings in the scrip of Sun Infoways Limited under the ambit of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995. The trading details of the persons who had traded in the scrip were collected and analyzed along… Read More
SEBI Order with respect to exit of 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
ICSI issues clarification on implementation of new training structure
Clarification on Notification number 710/1(M)/1 dated 29th December, 2012 notifying the draft Company Secretaries (Amendment) Regulations, 2012 implementing the new training structure Dear Student, This has reference to the Institute™s Notification number 710/1(M)/1 dated 29th December, 2012 pertaining to the draft Company Secretaries (Amendment) Regulations, 2012 proposing amendments in the Company Secretaries Regulations, 1982 by the Institute (ICSI)… Read More
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