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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14 Bills introduced during the Monsoon Session
The Monsoon Session, 2011 of Parliament which commenced on Monday, the 1st of August, 2011, concluded on Thursday, the 8th of September, 2011. The Session provided 26 sittings spread over a period of 39 days. During the Session, Supplementary Demands for Grants (General) for 2011-12 and the related Appropriation Bill, was discussed and passed by the Lok Sabha.… Read More
Cases of Appointment of MD and Directors
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that it is not a fact that large number of cases under Companies Act, 1956 regarding appointment / re-appointment schedule of Managing Directors or whole time Director / Managers are pending for a long time. Replying to… Read More
Investigation of Polyester Companies by CCI
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that an information alleging cartelization by Synthetic Fiber Manufacturer Companies has been received by the Competition Commission of India (CCI). The Commission has directed Director General, CCI to conduct investigation in the said matter. Replying to a… Read More
FEMA violations in case of Reliance Communication
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that complaints were received against M/s. Reliance Communication Limited. The following were the allegations: (i)Reliance Communication Limited had circumvented the provisions of FEMA Regulations by de-subsidiarising Gateway Net Trading Pte Limited as on 31/3/2008 by reduction of… Read More
Societies Registration Act getting ready for a makeover
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that An Expert Group under the Chairmanship of Shri.K.N.Chaturvedi has been constituted to study the legislative and regulatory architecture of the Society Registration Act, 1860. The report has not yet been received. The minister was replying to… Read More
1.6 lacs Companies defunct as per MCA
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the total number of defunct companies, (those that have not filed their Annual Returns and Balance Sheets for the last three consecutive years or more) as per MCA records is 1,62,144. Total number of defunct private… Read More
Non Repayment of Deposits by Companies
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that 41 complaints alleging non-repayment of deposits were received during the last three years. Prosecutions were filed against M/s. Morepen Laboratories Limited, M/s. Euro Cotspin Limited, M/s. Asian Alloys Limited and M/s. Unique Entrade Private Limited. Names… Read More
Incorporation of Companies removed through Straight Through Processing
General Circular No. 61/2011 No 2/10/2011-CL.V Government of India Ministry of Corporate Affairs 5th floor, ˜A™ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated the 5th Sept, 2011 To, All Regional Directors All Registrar of Companies. Sub: Online incorporation of companies within 24 hours Sir, Please refer to this Ministry™s General Circular No.… Read More
Workshop on Management of Contract Labour, Construction Workers and Outsourcing
Workshop on Management of Contract Labour, Construction Workers and Outsourcing Problem Solving and Related Case Laws Held on 19th-20th August, 2011 Jointly released study titled Management of Contract Labour , Contract Labour (Regulation & Abolition ) Act 1970 and Handling Outsourcing by Shri K.C. Mehra,… Read More
Harsh steps for service tax evaders : CBEC
The Central Board of Excise and Customs has decided to take some very harsh steps against service tax evaders, including attachment of property. A Finance Ministry official stated that that service tax evasion was growing at an alarming rate of over 70% and that data showed that of the 15 lakh registered service tax assesses… Read More
Revenue Deppt. finding 9 lakh assesses who have stopped filing Service Tax Returns
The Revenue Department is trying to locate 9 lakh business entities which have stopped filing service tax returns, with a view to improving collections, meeting Rs 82,000-crore target in 2011-12 and to ascertain whether there is any tax evasion. There are 15 lakh registered service tax payers in the country. According to the Central Board… Read More
Electronic filing of Service Tax returns now mandatory for all assesses
[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. 43/2011 Service Tax New Delhi, the 25th August 2011 Bhadra 3, 1933 (Saka) G.S.R. 642 (E).- In exercise of the powers conferred by sub-section (1) read with sub-section (2) of… Read More
Extending the Reach of Banking Facilities to Villages
As reported by Reserve Bank of India (RBI), there are 28,921 rural centers, where Scheduled Commercial Banks are functioning as on 31st March, 2011. RBI defines a rural population group as those centres which have population of less than 10,000. In order to extend the reach of banking to the rural hinterland, to begin with,… Read More
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