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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Prime Minister writes to Shri Anna Hazare
The Prime Minister has written to Shri Anna Hazare on the Lokpal issue. The text of the letter is as follows: Over the last few days, I have watched with increasing concern the state of your health. Despite the differences between the Government and your team, I do not think that anybody is or should… Read More
Bill to allow back door entry to foreign law firms
By Manoj Kumar, IANS, Relatively unnoticed amid the scams and agitations haunting the government, Law Minister Salman Khurshid set a time bomb ticking. Earlier this month, exactly 50 years after the Advocates Act, a bill was placed by the minister, a legal practitioner himself, for wide consultations that seeks to set up a new regulatory… Read More
CCI fines DLF for Rs. 630 crores
The Competition Commission of India (CCI), the free trade regulator, has imposed a penalty of Rs 630 crore on real estate major DLF for misusing its dominant position in the market by drafting one-sided agreements with flat buyers in Belaire housing complex in Gurgaon. CCI has also asked the real estate company to modify unfair conditions imposed… Read More
Salient Features of Jan Lokpall Bill
A look at the salient features of Jan Lokpal Bill: 1. An institution called LOKPAL at the centre and LOKAYUKTA in each state will be set up 2. Like Supreme Court and Election Commission, they will be completely independent of the governments. No minister or bureaucrat will be able to influence their investigations. 3. Cases… Read More
Free Transferability of shares
Free Transferability of shares of a Public[Listed] Co under Sec:111-A has gained momentum in recent years. Vested interests are in favour of availing Right of First Refusal (ROFRs) keeping aside the validity of Sec: 111-A. Definition of Sec: 111-A is, again, defined in different meanings. Legal Experts have drawn it to favour their corporate clients whereas the Hon'ble Justice Dr.D.Y.Chandrachud in… Read More
Monitoring of Social Networking Websites
Shri Milind Deora, Minister of State for Communication and Information Technology said in written reply to a question today in Rajya Sabha that Department of Telecommunication has received a letter from Ministry of Home Affairs to ensure effective monitoring of social networking websites like Facebook and Twitter in order to strengthen cyber security paraphernalia. The… Read More
Comments invited on Draft National Competition Policy
Ministry of Corporate Affairs has constituted a Committee under the Chairmanship of Shri Dhanendra Kumar, Former Chairperson of Competition Commission of India, for framing of National Competition Policy and related matters. Other Members of the Committee included Additional Secretary, MCA Shri Sudhir Mital, Shri Pradeep Mehta of CUTS, Smt. Pallavi Shroff, Advocate. Shri Manas Kumar… Read More
Annual charge contemplated on Companies : MCA
According to ET Report, The ministry of corporate affairs ( MCA) is contemplating introducing an annual charge on all registered companies in the new Companies Bill with the twin aim of boosting its revenue and creating a system to track companies. The charge will most likely be based on the capital size of the company. Read More
EPF scheme may be extended to Companies with 10 employees
The government is considering a proposal to extend Employees Provident Fund Scheme to all companies with over 10 employees, the Parliament was informed today. "The proposal is under examination and consideration of the government," Labour and Employment Minister Mallikarjun Kharge said in a written reply. At present the EPF Act has provisions that any factories… Read More
FDI in Multi Brand Retail is closer than you think
The long pending issue of opening of multi-brand retail to foreign investment moved one more step, with the top secretaries forwarding 10 recommendations to the commerce and industry ministry yesterday. The CoS headed by cabinet secretary Ajit Kumar Seth has recommended that 51% FDI could be allowed in the sector, which is dominated by mom… Read More
Promoter Co’s to be brought in the net of Insider Trading Regulations
With an aim to rein in insider trading by promoters without investors™ knowledge,Sebi has decided to make it mandatory for all promoter entities to disclose any considerable purchase or sale of shares by them. The decision would remove a major anomaly from the Sebi™s insider trading prohibition regulations, which currently requires only directors and senior… Read More
XBRL Training Material
Please download the XBRL training material which will clarify a host of concept and procedure for conversion of financial statements into XBRL Read More
No Tea or Coffee to Shareholders during the AGM – MCA invited comments on Draft Circular
The Ministry of Corporate Affairs has been receiving representations form various stakeholders that it has become a general practice in the country to give gifts to the shareholders while they attend any AGM in addition to the dividend recommended by the Board of Directors. It has also been brought to the notice of the Ministry that the companies… Read More
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