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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FDI in Services declines in 2010-11
Foreign direct investment (FDI) in India's services sector, which contribute over 50 per cent in the country's economic growth, declined by 22.5 per cent to USD 3.4 billion in 2010-11, according to the industry ministry's latest data. The services sector (financial and non-financial services) had attracted FDI worth USD 4.39 billion during 2009-10. According to… Read More
Lockheed Martin avoids a Cyber Attack
Lockheed Martin, one the world's largest aerospace companies, today said it had successfully thwarted "a significant and tenacious" attack on its sensitive information systems network. "Lockheed Martin detected a significant and tenacious attack on its information systems network," the top US defence contractor said in statement. Lockheed learned of the attack on May 21 and… Read More
Thrust on Faster and inclusive growth and sustainability : Montek
Planning Commission's Deputy Chairman Montek Singh Ahluwalia today said the issues like cash subsidy and PPP, especially raised by Bihar, would be addressed prominently in the approach paper to 12th five year plan. "We will give thrust on ensuring faster and inclusive growth and sustainability," Ahluwalia said. He was speaking to reporters along with Union… Read More
Anti-dumping investigations show a downward trend
In line with other major economies, India initiated less number of anti-dumping investigations against imports between Oct, 2010 to Apr 2011, according to a joint report of multilateral agencies the World Trade Organisation, OECD and UNCTAD. India launched 15 anti-dumping investigations during this period as against 20 in the same months (October 2009 to April 2010)… Read More
Government Commissions Fresh Study for Black Money
Government Commissions Fresh Study Through Top National Level Institutions for Estimation of Unaccounted Income/Wealth both Inside and Outside the Country Ministry of Finance, Government of India has commissioned an in-depth and fresh study, engaging three top national level institutions for estimation of unaccounted income and wealth held within and outside India. This study will bring… Read More
India and Tanzania Signed Double Taxation Avoidance Agreement
The Government of the Republic of India signed a Double Taxation Avoidance Agreement (DTAA) with the United Republic of Tanzania for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income on 27th May, 2011 at Dar-es-Salaam. The Agreement was signed by Shri K V Bhagirath, High… Read More
New Directorate of Income Tax (Criminal Investigation) Created
New Directorate of Income Tax (Criminal Investigation) Created; to be Headed by an Officer of the Rank of Chief Commissioner of Income Tax; to Look into Criminal Matters Having any Financial Impliaction Punishable as an Offence Under any Direct Tax Law A new Directorate of Income Tax (Criminal Investigation), to be known in short as DCI,… Read More
Electronic Benefit Transfer (EBT) scheme & Financial Inclusion Plan (FIP)
RBI/2010-11/550 RPCD.CO.LBS.BC.No. 74/02.19.010/2010-11 May 30, 2011 The Chairmen/Chairman and Managing Director, All SLBC Convenor banks Dear Sir/Madam, Resolution of issues regarding allocation of villages under Electronic Benefit Transfer (EBT) scheme and roadmap for providing banking services in villages with population above 2000 under Financial Inclusion Plan (FIP) It has been brought to our notice that… Read More
Final Taxonomy and Business rules for XBRL reporting
MCA website is likely to have options for XBRL reporting by 15th of July. Specific notification will be made to enable stakeholders for early filing. you can download the Final Taxonomy and Business rules for XBRL reporting by clicking at the Download links below. MCA had vide a corrigendum recently clarified that in Phase I,… Read More
Minister of Corporate Affairs -Murli Deora’s Msg on XBRL – Its rationale and benefits
May, 2011 Message from the Minster of Corporate Affairs, Shri Murli Deora on XBRL Consider the enormity of the data-over 8 and a half lac companies, over hundred online services offered to them, over sixty e-forms.hundreds of data fields and crores of pages of pdf attachments. If this speaks about something, it is the challenge before the Regulator,… Read More
Public inspection of Physical Records at the office of ROC Delhi at Manesar
Public inspection of Physical records at the office of ROC delhi at Manesar shall be discontinued from 25th May to 30th June, 2011 due to shifting of records and it shall be resumed from 1st July,2011 at the IICA Building , Manesar. The Public inspection is available for old records prior to 2006 which have not… Read More
Indian Government Accounting Standards (IGAS)2 – Accounting and Classification of Grants-In-Aid
NOTIFICATION NO. S.O.1113(E), DATED 19-5-2011 In exercise of the powers conferred by article 150 of the Constitution of India, the President of India, on the advice of the Comptroller and Auditor General of India, hereby makes the following accounting standards, namely, - Indian Government Accounting Standards (IGAS)2,- "Accounting and Classification of Grants- In- Aid." 2.… Read More
IRDA – Public Disclosure by Insurers
To The CEO™s of all Insurance Companies and Reinsurer Sub: Public Disclosures by Insurers Attention is invited to IRDA™s Circular no. IRDA/F&I/CIR/F&A/012/01/2010 dated 28th January 2010 and further clarifications issued thereon vide Circular dated 9th April 2010, wherein the Authority has mandated Public Disclosures by the insurers at periodic intervals. 2. Effective from the year ending March 2011,… Read More
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