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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RBI to launch policy on new bank branches
The Reserve Bank will soon release guidelines for implementing its proposal to locate at least a quarter of the new bank branches in the unbanked areas, which generally fall in the rural areas. "RBI will issue guidelines for 25 per cent rural branches soon," said a banker present at the central bank's post-policy meeting today.… Read More
India signs DTAA with Ethiopia to check tax Evasion
India has signed a Double Taxation Avoidance Agreement (DTAA) with Ethiopia to check tax evasion and facilitate exchange of banking information. The agreement was signed by External Affairs minister S M Krishna and Ethiopia's minister of Finance and Economic Development Sufian Ahmed, in the presence of Prime Minister Manmohan Singh and his Ethiopian counterpart Meles… Read More
National Consultation on Electoral Reforms on 2nd &3rd July 2011
7th Regional Consultation in Guwahati on 12 June 2011 The National Consultation on Electoral Reforms is scheduled to be held on 2 & 3 July, 2011 and shall be attended amongst others by the Prime Minister of India. The Ministry of Law and Justice, Government of India, had constituted a core committee to look into… Read More
BSE gets nod to launch an exclusive Exchange for SMEs
Asia's oldest bourse, the Bombay Stock Exchange (BSE), today said it has been granted an 'in-principle' approval by the capital market watchdog Sebi to launch an exchange exclusively for small and medium enterprises (SMEs). "BSE today received an 'in-principle' approval...the BSE is now gearing-up for its latest venture in an emerging market segment," a release… Read More
Telecom Operators advised not to reject MNP request if O/s less than Rs. 10
Concerned over subscribers facing problems in exercising Mobile Number Portability service, Trai has asked operators not to reject a request if the amount outstandings are less than Rs 10. Telecom regulator Trai's directive came in the wake of telecom operators rejecting the request of subscribers for porting on the ground of "contractual obligation" and "outstanding… Read More
NSE abusing its dominant position: CCI
Competition watchdog CCI today pronounced the National Stock Exchange (NSE) guilty of abusing its dominant market position by adopting unfair trade practices in connection with currency derivatives trading. However, the quantum of fine to be levied on NSE is yet to be ascertained. "The Commission has pronounced NSE guilty of violating section 4 of the… Read More
CCI imposed penalty on 27 film producers for cartel formation
The Competition Commission of India (CCI) today imposed a penalty of Rs one lakh each on 27 film producers on charges of colluding through a cartel to exploit theatre owners. The CCI imposed the fine on filmmakers after having found them guilty of entering into anti-competitive agreement. The issue pertains to the strike in 2009… Read More
Expect Tighter norms for reporting and monitoring of interest rate and forex derivatives : RBI
In order to improve transparency and avoid build up of a financial crisis, a Reserve Bank panel today suggested tighter norms for reporting and monitoring of interest rate and forex derivatives. The report of the Working Group set up by the Reserve Bank suggested that Clearing Corporation of India (CCIL) should be made the repository… Read More
LLP Firms cannot act as Statutory Auditors
In a sweeping circular by MCA, LLPs have been defined as Body Corporate for the limited purpose of clause (a) of sub- section 3) of section 226 of the Companies Act, 1956. Section 226 of the Companies specifies Qualifications and disqualifications of auditors. As per Sec 226, a person shall not be qualified for appointment as auditor… Read More
DTAAs to be amended to check black money
Finance Minister Pranab Mukherjee Tuesday exuded confidence that modified tax avoidance agreements with various countries and pacts with tax havens will help in dealing with the menace of black money. "Income Tax Department is engaged in ways to tackle with black money," he told reporters on the sidelines of an income tax conference here. He… Read More
Government should not withdraw DEPB scheme :PHDCCI
The government should not withdraw tax refund DEPB scheme, which is ending in June, as it will make exports uncompetitive and would affect the growth momentum, industry body PHD Chamber said today. Exporters get refund of duties on import content of their export products. It costs the exchequer about Rs 8,000 crore per annum. "If… Read More
9TH ALL INDIA MOOT COURT COMPETITION 2011
Organized by Western India Regional Council of ICSI And Hosted by Pune Chapter of WIRC of ICSI Dates for the Competition a. Regional Level Saturday, June 18, 2011 at the office of respective Regional Council b. National Level - Saturday, July 2, 2011 at Pune at Regional Students™ Conference of WIRC of ICSI Rules for… Read More
Sharma to take up Extension of DEPB scheme with FM
Making out a case for extension of the popular incentive scheme - DEPB - for Indian exporters, Commerce Minister Anand Sharma today said he will take up the issue with Finance Minister Pranab Mukherjee on his return to New Delhi. "I am one who is not subscribing to this view that our exports have reached… Read More
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