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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Expect policy changes soon in FDI in Multi-brand retail
The government is expected to take a decision in the next three months on allowing foreign direct investment in multi-brand retail, a long pending issue. A new National Manufacturing Policy creating an investor friendly environment is also likely, Minister of State for Commerce and Industry Jyotiraditya Scindia said today. "We are committed to the issue… Read More
FICCI Secretary General Amit Mitra resigns
Amit Mitra, who is tipped to become the next Finance Minister of West Bengal in the Trinamool Congress-led government, has resigned as Ficci Secretary General. Mitra, 63, emerged as a 'giant killer' by defeating CPI(M) veteran and state Finance Minister Asim Dasgupta by a big margin from the Khardah Assembly constituency. His resignation has been… Read More
SEZs require sanction of Unit Approval Committee for service tax refund
The government today said that SEZ unit and developers would require the sanction of Unit Approval Committee for availing benefits of service tax refund. Besides, developers and units would also have to furnish original invoices for claiming benefits, the Department of Revenue said in a circular. SEZ units and developers are exempted from service tax.… Read More
Clarifications regarding Service Tax Refund in SEZ
Circular No.142/11/2011 - ST F. No.354 /30 /2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit North Block, New Delhi 18th May 2011 To Chief Commissioners of Central Excise and Service Tax (All), Director General (Service Tax), Director General (Central Excise Intelligence), Director… Read More
Improving Justice Delivery through e-Courts – Dream Project underway
Meeting of Consultative Committee on Law & Justice - Discussions on E-Courts, Justice Delivery System, Law Commission Report The Parliamentary Consultative Committee meeting of Ministry of Law and Justice was held under the chairmanship of Shri M Veerappa Moily, Minister for Law and Justice on 16 May 2011 in New Delhi. The meeting was attended by Members of… Read More
SEZ Exports in 2010-11 grow by 43%
Total Employment Generated from SEZ 6,76,608 People The Minister of State for Commerce Shri Jyotiraditya M. Scindia presented the EPCES Export Awards to EOUs and SEZ Units for Outstanding Export Performance for 2008-09, here today. Speaking on the occasion Shri Scindia said, The exports from SEZs during 2010-11 is to the tune of Rs.3, 15,867… Read More
Guidelines on Mergers and Acquisitions to benefit Consumers – CCI
Competition Commission of India (CCI) has commented that its recent guidelines on corporate mergers and acquisitions will not create any hindrance in such deals, but is aimed at avoiding the formation of monopolies, for the benefit of consumers. "CCI's regulations are not there to create obstruction, but we will take a practical approach. We are… Read More
SEBI plans to have a Call Centre for handling Investor Complaints
Market regulator Sebi, which receives well over 100 investor complaints a day, plans to initially have about 10 agents at its proposed call centre to be managed by an outside agency to redress such grievances. "It is estimated that the helpline services would require 10 persons initially to provide the nation wide helpline service to… Read More
Foreign Companies to pay Tax on all Revenue from Seismic Data contracts
Foreign firms operating in the country will have to pay tax at the existing rate of 4.223 per cent on revenue earned under seismic data acquisition and processing contracts, says a tribunal. In a ruling, the Authority of Advanced Rulings (AAR) held that foreign firms would not enjoy any leeway even if their income falls… Read More
Facebook case to enter US Supreme Court
The Winklevoss twins are taking their legal case against Facebook founder and their former Harvard classmate Mark Zuckerberg to the US Supreme Court after a federal appeals court today declined to review an earlier legal challenge from them. The Supreme Court is the final legal option open to Cameron and Tyler Winklevoss, who allege that… Read More
TRAI to get more powers akin to SEBI
Telecom regulator TRAI may soon get powers to summon persons and penalise operators for violating licence conditions, if the amended Act, which has proposed to give more teeth to the regulator, comes into effect. The Telecom Ministry is looking to give more powers to Trai, which will bring it on par with the Civil Courts… Read More
CFOs optimistic about India Inc.
Finance executives in India are extremely optimistic about the prospects for economic expansion in India in the coming year than their global counterpart, says a survey. As per the fourth annual American Express/CFO Research Global Business and Spending Monitor, 87 per cent of CFOs in India are expecting economic expansion in the country in the… Read More
CBDT sets Rs. 5.30 lakh crore as tax collection target
Buoyed by mammoth tax mobilisation in last fiscal, Central Board of Direct Taxes (CBDT) has set a tax collection target of Rs 5.30 lakh crore for the current fiscal, which is up by 19 per cent compared with last fiscal's collections. "The tax collection target for current fiscal is Rs 5.30 lakh crore," CBDT Chairman… Read More
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