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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Major Recommendations of Expert Committee on GAAR Accepted
The Central Government has carefully considered the report of the Expert Committee on General Anti Avoidance Rules (GAAR) and accepted the major recommendations of the Expert Committee with some modifications. This was announced by the Union Finance Minstar Shri P.Chidambaram here today in a press conference. The Finance Minister said that the following decisions have been taken… Read More
Wholesale price indices – Review of December’12 Numbers
The Ministry of Commerce and Industry released a review of the numbers for wholesale price index for the month of December 2012. The official Wholesale Price Index for ˜All Commodities™ (Base: 2004-05 = 100) for the month December, 2012 declined by 0.1 percent to 168.6 (Provisional) from 168.8 (Provisional) for the previous month. INFLATION The… Read More
Rupee Export Credit Interest Subvention – Procedure & Tariff Lines (Annexures)
RBI/2012-13/376 DBOD.Dir.(Exp)BC.No.70/04.02.001/2012-13 January 14, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Rupee Export Credit - Interest Subvention Please refer to our circular DBOD.Dir.(Exp).BC.No.112/04.02.001/2011-12 dated June 19, 2012 wherein interest subvention of 2% was extended w.e.f. April 1, 2012 to March 31, 2013 on pre and post shipment rupee export credit for certain employment orientated… Read More
Rupee Export Credit Interest Rate Subvention Scheme Extension to other sectors
DBOD.Dir.(Exp).BC.No.69/04.02.001/2012-13 January 14, 2013 Rupee Export Credit - Interest Subvention In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, in partial modification of directive DBOD.Dir.(Exp).BC.No.111 / 04.02.001… Read More
Government Working on Legislative Initiatives for Transparent Administration
Government Working on Several Legislative Initiatives to Ensure Transparent Administration, no Plan to Amend RTI Act Government has taken a number of initiatives to ensure transparent administration. Inaugurating the two day District Collectors™ Conference in New Delhi, Shri V.Narayanasamy, Minister of State in the Prime Minister™s Office highlighted that there are several legislations at various… Read More
Performance Audit of Agricultural Debt Waiver and Debt Relief Scheme, 2008
RBI/2012-13/377 RPCD.CO.FSD. No. BC. 58/05.04.02/2012-13 January 14, 2013 The Chairman/ Managing Director/ Chief Executive Officer All scheduled commercial banks & Local Area Banks Madam/Dear Sir, PERFORMANCE AUDIT OF AGRICULTURAL DEBT WAIVER AND DEBT RELIEF SCHEME, 2008 1. As you are aware, the Performance Audit of the Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008… Read More
FDI in India – Issue of equity shares under the FDI scheme allowed under the Government route
RBI/2012-13/375 A. P. (DIR Series) Circular No.74 January 10, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route Attention of Authorised Dealers Category I (AD Category - I) banks is invited to Para 3… Read More
Uploading of Reports on FINnet Gateway
RBI/2012-13/374 A.P. (DIR Series) Circular No. 73 January 10, 2013 To All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme Madam/ Dear Sir, Uploading of Reports on FINnet Gateway Please refer to our A.P.(DIR Series) Circular No. 43 dated October 12, 2012, advising all Authorised Persons, who are Indian Agents under Money Transfer… Read More
Submission of Reports on FINnet Gateway
RBI/2012-13/373 A.P. (DIR Series) Circular No. 72 January 10, 2013 To All Authorised Persons Madam/Sir, Uploading of Reports on FINnet Gateway Please refer to our A.P.(DIR Series) Circular No. 42 dated October 12, 2012, advising all Authorised Persons to initiate submission of reports on the FINnet Gateway in 'Test Mode' from August 31, 2012. 2. FIU-IND… Read More
AML Standards – Cross Border Inward Remittance under Money Transfer Service Scheme
RBI/2012-13/372 A.P. (DIR Series) Circular No. 71 January 10, 2013 To All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P.(DIR Series) Circular No. 18 dated… Read More
AML standards – Money changing activities
RBI/2012-13/371 A.P. (DIR Series) Circular No. 70 January 10, 2013 To All Authorised Persons Madam/Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to our A.P.(DIR Series) Circular No. 17 dated August 23, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial Action… Read More
‘E-Court’ System of Income Tax hearing
SECTION 255 OF THE INCOME-TAX ACT, 1961 - APPELLATE TRIBUNAL - PROCEDURE OF - PRACTICE NOTE FOR HEARING APPEALS & APPLICATIONS FIXED BEFORE ITAT ALLAHABAD BENCH, ALLAHABAD ITAT's PRACTICE NOTE, DATED 1-1-2013 Appellants, Respondents and all other concerned are hereby informed that, in exercise of powers vested in the Income Tax Appellate Tribunal under sub-section [5]… Read More
Public Notice regarding fraudulent calls made in the name of Regulators
It is observed from some recent newspaper reports that fraudulent telephone calls are being made to individuals/investors in the name of the regulatory officials giving advice on financial products. In this regard, the attention of the public is drawn to the fact that SEBI neither offers any investment advice or recommend any investment products/schemes nor… Read More
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