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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F. No. 137/99/2011 Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs, ********** New Delhi, the 29th December 2011 ORDER NO 3 /2011 Service Tax In exercise of the powers conferred by Rule 7(4) of the Service Tax Rules 1994 read with notification No. 48/2011-Service… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 115/ 2011 - Customs New Delhi, dated the 28th December, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More
TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.88 / 2011 - Customs (N.T.) Dated the 28th December, 2011 7 Pausha, 1933(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the… Read More
In a major policy decision, the Central Government has decided to allow Qualified Foreign Investors (QFIs) to directly invest in Indian equity market in order to widen the class of investors, attract more foreign funds, and reduce market volatility and to deepen the Indian capital market. QFIs have been already permitted to have direct access to Indian Mutual Funds schemes… Read More
General Circular No. 72/2011 No. 17/95/2011-CL-V Government of India Ministry of Corporate Affairs 5th floor, ˜A™ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated 27.12.2011 To All the Regional Directors. All the Registrar of Companies. Sub.: - Green Initiatives in Corporate Governance Further Clarification regarding participation by Shareholders or… Read More
RBI/2011-12/322 DBOD.Dir.BC. 68 /13.03.00/2011-12 December 27, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circulars No.DBOD.Dir.BC.46/13.03.00/2010-11 dated September 30, 2010, DBOD.Dir.BC.52/13.03.00/2010-11dated October 28, 2010 and DBOD.Dir.BC.43/13.03.00/2011-12 dated October 31, 2011 wherein banks issuing Irrevocable Payment Commitments (IPCs) to various Stock Exchanges on… Read More
RBI/2011-12/321 DBOD.No.BP.BC. 69 /21.06.001/2011-12 December 27, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Capital Requirement for banks™ investments in financial entities exempted from Capital Market Exposure Please refer to paragraph 5.13.4 of our Master Circular No. DBOD.No.BP.BC.11/ 21.06.001/2010-11 dated July 1, 2011 on Prudential Guidelines… Read More
RBI/2011-12/320 DPSS.CO.CHD.No./ 1112 / 04.07.05 / 2011-12 December 27, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Standardisation and Enhancement of Security Features in Cheque Forms-Implementation of CTS 2010 standard… Read More
RBI/2011-12/317 DNBS.CC.PD.No.253/03.10.01/2011-12 December 26, 2011 To All NBFCs(excluding primary dealers) Dear Sir, Credit Default Swaps NBFCs as Users Please refer to the Guidelines on Credit Default Swaps for Corporate Bonds issued vide Circular No.IDMD.PCD.No.5053/14.03.04/2010-11 dated May 23, 2011 in terms of which broad guidelines including the eligible participants and other requirements were outlined. It was also… Read More
RBI/2011-12/316 DNBS.CC.PD.No.252/03.10.01/2011-12 December 26, 2011 To All NBFCs (excluding RNBCs) Dear Sir, Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs In the normal course of their business, NBFCs are exposed to credit and market risks in view of the asset-liability transformation. With liberalisation in Indian financial markets over the last few years and… Read More
RBI/2011-12/315 RPCD.CO.RCB.BC.No.47/ 07.38.01/2011-12 December 26, 2011 All State and Central Co-operative Banks Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular RPCD.CO.RCB.BC.No.65/07.38.01/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the… Read More
RBI/2011-12/314 DNBS(PD).CC. No 251 /03.10.42 /2011-12 December 26 , 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer Norms Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please find enclosed a copy of Government of India Notification No. 14/2010/F.No. 6/2/2007-ES… Read More
General Circular No. 35/2011 issued on 6th June, 2011 provided the following provisions with respect to Video Conferencing of Shareholders' meetings. (ii) In respect of shareholders meetings to be held during financial year 2011-12, video conferencing facility for shareholders is optional. Thereafter, it is mandatory for all listed companies. (v) In the case of e-voting… Read More
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