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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Income Tax Refund, Press Release Dated 14.12.2012
PRESS RELEASE, DATED 14-12-2012 Processing of returns of income, including those with refund claim, is a continuous process. Statutory time limit to process returns of income is with reference to the financial year of their receipt. As per the Income Tax Act, 1961 returns received during the financial year can be processed upto one year… Read More
Customs Tariff Notification
Government of India Ministry of Finance (Department of Revenue) Notification No. 61/2012-Customs New Delhi, the 18th December, 2012 G.S.R. 904 (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to… Read More
Companies Bill Document as Passed by Lok Sabha
Lok Sabha has passed the Companies Bill, 2012. The Government has said that the aim of this bill is to protect the interest of employees and small investors alike, while also encouraging firms to undertake Corporate social responsibility and voluntarily welfare, instead of having to impose the same through what is called "inspector raj". The Bill still… Read More
Advance Tax Collections Registers Growth of more than 10% During the First Twenty Days of December 2012
Advance Tax Collections for the month of December 2012 up to 20th December, 2012 registered a growth of 10.44% over the corresponding period last year. Advance tax Collections are worth Rs. 78,226 crores during this period as against Rs.70,826 crores collected during the corresponding period last year. The overall growth rate of advance tax collections… Read More
Salient Features of Banking Laws (Amendment) Bill 2012
The Banking Laws (Amendment) Bill 2011 was introduced in order to amend the Banking Regulation Act, 1949, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980. The said Bill has been passed by both the Houses of Parliament during its just concluded Winter Session. This Bill would strengthen the regulatory powers of Reserve Bank… Read More
Parliamentary Consultative Committee Amendments in Labour Laws
Parlimentary Consultative Committee meeting on Comprehensive Amendments in Labour Laws Moots Effective Implementation and speedy Grievance Redressal Members participating in the meeting of Parliamentary Consultative Committee on Comprehensive Amendment in Labour Laws have urged the government for the effective and speedy implementation of labour laws along with the timely redressal of Grievances. In meeting held… Read More
Investigating the Frauds Committed by the Companies
The Ministry of Corporate Affairs has established Serious Fraud Investigation Office (SFIO) to investigate frauds committed by the companies. During last 4 years ( 2008-2009, 2009-10, 2010-11, 2011-12 and till date) 83 companies were ordered for investigation by SFIO. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin… Read More
Checking the Cartelisation by Companies
The Government has said that the Competition Commission of India has been set up under the provisions of the Competition Act, 2002 and is fully functional to eliminate practices having adverse effect on competition, including cartelization by companies. This information was given in written reply to a question in the Lok Sabha today by Shri… Read More
Market Research and Analysis unit of Serious Fraud Investigation Office
Serious Fraud Investigation Office (SFIO) which is a multi-disciplinary investigating agency under the Ministry of Corporate Affairs, has set up the Market Research and Analysis Unit for capacity building, co-ordination with other investigating agencies and for market surveillance. Giving this information in written reply to a question in the Lok Sabha today Shri Sachin Pilot,… Read More
The Concept and the Feasibility of Developing A Business Index
The Ministry of Corporate Affairs has undertaken a Pilot Study to examine the concept and the feasibility of developing a Business Index. Further details would emerge after completion of the pilot study and sharing its findings with concerned Ministries and Departments. Giving this information in written reply to a question in the Lok Sabha today,… Read More
Investigation by SFIO in Company Liquidations
During the last five years, 27 companies under liquidation were referred to the Serious Fraud Investigation Office (SFIO) for investigation. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that out of the said 27 cases, SFIO has completed investigation in 24… Read More
Publishing the Names of Questionable Multi-Level Marketing Companies
Decision to publish names of Multi Level Marketing companies which come to adverse notice of this Ministry is under consideration of the Ministry of Corporate Affairs. Giving this information in written reply to a question in the Lok Sabha today Shri Sachin Pilot, Minister of Corporate Affairs, however, said that the members of the public… Read More
Government Reviews Foreign investment Policy for Assets
Government Reviews Foreign investment Policy for Assets Reconstruction Sector; Ceiling for FDI in ARCs increased from 49% to 74% The Central Government had permitted Foreign Direct Investment (FDI) in the equity capital of Asset Reconstruction Company (ARCs) upto 49% vide Press Release dated 08.11.2005. Further, on 09.11.2005, the Government permitted the Foreign Institutional Investors (FIIs)… Read More
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