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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Landmark steps taken to Tackle Corruption and Ensure Delivery of Services to Citizens in Time Bound Manner
The Ministry of Personnel, PG & Pensions brought landmark legislations to check corruption and to put in place measures for ensuring time-bound services for citizens. Further measures were initiated to make bureaucracy accountable and effective. Major initiatives/achievements of the Ministry during the year are as under: Lokpal Bill, 2011 The Government introduced in Lok Sabha the Lokpal and Lokayuktas Bill 2011, aimed… Read More
FM to hold pre-budget meetings with from Jan 11 onwards
Finance Minister Pranab Mukherjee is expected to hold brainstorming sessions with various stakeholders during his annual pre-budget meetings with sectoral experts, representatives, industry captains and economists from January 11 onwards. The objective of the meetings will be to get their feedback and inputs for incorporating them in Budget 2012-13 and to elicit views of different interest groups on arresting the economic slowdownand combating the impact… Read More
KYC Norms/AML Standards/CFT Obligation of Authorised Persons under PMLA, 2002
RBI/2011-12/313 A.P. (DIR Series) Circular No. 60 December 22, 2011 To All Authorised Persons in Foreign Exchange Madam/Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009… Read More
Right of Citizens for Time Bound Delivery of Services and Redressal of their Grievances Bill, 2011
The Government recently introduced the Right of Citizens for Time Bound Delivery of Services and Redressal of their Grievances Bill, 2011 in Parliament. Under the Bill, the designed authority at the grass-root level will have powers to redress the grievances of the block level. Shri V. Naraynasamy, Minister of State for Personnel, Public Grievances and… Read More
Income Tax Raids in 2011
It has been reported in a section of the press that several captains of industry have complained to the government that taxmen are harassing industry by resorting to indiscriminate and increased ˜raids™. It is informed that under the Income Tax Act, search and seizure is conducted on the basis of specific and credible information regarding… Read More
RBI removes Limits on Mobile Banking Transactions
Press Release : 2011-2012/999 The Reserve Bank of India yesterday removed the ceiling of Rs. 50,000 per customer per day mandated in 2009 under the guidelines on mobile banking. Banks are now free to place per transaction limits based on their own risk perception with the approval of its Board. The first guidelines on mobile… Read More
Deferment in the date of effect for implementation of bar-coding on export consignment of pharmaceuticals and drugs
To be published in the Gazette of India Extraordinary Part-I, Section-I Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 87 (RE-2010)/2009-2014 New Delhi, Dated the 22nd December, 2011 Sub: Deferment in the date of effect for implementation of bar-coding on Primary and Secondary level… Read More
Public Search of Trademark before Incorporation of Company made online – MCA
"In order to provide enhanced services to its stakeholders, MCA in a joined up service with the Trademark department has provided a facility for searching the trademark database before applying for Name availability. You can now use the link 'Public Search of Trade Marks' http://124.124.193.245/tmrpublicsearch/frmmain.aspx, which is also available on the MCA21 portal before… Read More
Continuation of Anti-dumping duty on ˜Sodium Hydrosulphite originating in or exported from China PR
[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. 111/2011-Customs New Delhi, dated the 20th December, 2011 G.S.R.889(E). -Whereas, the designated authority vide notification No. 15/34/2010-DGAD, dated the 14th October, 2010, published in Part I, Section 1 of the… Read More
Salient Features of Lokpal and Lokayuktas Bill 2011 Introduced in Lok Sabha
Government today introduced in Lok Sabha the Lokpal and Lokayuktas Bill, aimed at setting up the body of Lokpal at the Centre and Lokayuktas at the level of the States. Government also introduced a Bill for amending the Constitution for conferment of Constitutional status on both bodies. Government also withdrew earlier Lokpal Bill, 2011 as it decided to introduce… Read More
Farmer Associations Support FDI in Retail
Farmers have reiterated their support for Cabinet™s decision to allow FDI in Multi-Brand Retail. In a meeting with the Minister of Commerce, Industry and Textiles Shri Anand Sharma here today, Secretary General of Consortium of Indian Farmers Associations (CIFA), Shri P. Chengal Reddy conveyed the desire of various farmers™ body to implement the decision as… Read More
Amendment to Schedule XIV to the Comapnies Act,1956
Schedule IV has been amended to define depreciation rates for Mineral oil Concerns - Field operations (above ground)Portable boilers, drilling tools, well-head tanks, etc. (NESD) and Rigs (NESD). The amendment notification is attached herewith. Read More
Govt. withdraws Companies Bill 2011
The government withdrew the Companies Bill and Pension Fund Regulatory and Development Authority Bill on Wednesday after the BJP opposed the first and coalition ally Trinamool Congress withdrew its support for the other. The BJP leaders also argued that since the government had consulted other stakeholders after the standing committee gave its report on the Companies Bill in August 2010, it… Read More
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