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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Accidental Insurance for RuPay ATM Card Holders
Accidental Insurance for RuPay ATM Card Holders All RuPay ATM-cum-debit cardholders are presently eligible for accidental death and permanent disability insurance cover. RuPay Classic cardholders are eligible for cover of Rs.1 lakh, whereas RuPay Premium cardholders are eligible for cover of Rs.2 lakh. Insurance premium is paid by the National Payments Corporation of India. 872… Read More
Benefits of the reduced rates/tax rebate to the consumers post GST
Benefits of the reduced rates/tax rebate to the consumers post GST The GST Council comprising the representatives of Central and State Government recommended the GST rates for goods and services, interalia taking into account the pre-GST indirect taxes incidence on goods and service. The GST rates on goods have since been notified. With the GST… Read More
RBI sets up Supervisory Colleges for 6 Commercial Banks with International presence
RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence Reserve Bank of India (RBI) has informed that Supervisory Colleges have been setup for the following six Scheduled Commercial Banks which have sizeable international presence:- State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank… Read More
Salient Features of Goods and Service Tax
Features of GST Goods and Services Tax (GST) is intended to bring transparency and accountability in business transactions along with the ease of doing business and rationalization in tax rates and will not pave the way for financialization of the country. The foremost benefit of GST is to remove hurdles in inter-State transactions resulting in… Read More
Highlights of actions taken by task force against Shell companies
‘Task Force on Shell Companies’ for effectively tackling the malpractices A ‘Task Force on Shell Companies’ under the Joint Chairmanship of Revenue Secretary and Secretary, Ministry of Corporate Affairs was constituted in February, 2017 for effectively tackling the malpractices by shell companies/ponzy companies/khoka companies in a comprehensive manner adopting whole of the government approach. Other… Read More
Insurance Schemes for unorganized sector persons living below the poverty line
Insurance Schemes for unorganized sector persons/people living below the poverty line The Social Security Scheme namely, Aam Aadmi Bima Yojana (AABY) caters to unorganised sector persons under 48 various vocational groups such Beedi Workers, Brick Kiln Workers, Rickshaw Pullers/Auto Drivers etc. The scheme provides insurance cover of Rs.30,000/- on natural death, Rs.75,000/- on death due… Read More
Investments by NRIs as FDI and in stock changes
Investments by NRIs as FDI and in stock changes Non-Resident Indians (NRIs) can invest in India as per the following regulation of Foreign Exchange Management (Transfer or issue of Security by a person resident outside India) Regulations, 2000 dated May 3, 2000 as amended from time to time: As per Regulations 5(1), NRIs may invest… Read More
MCA amends Incorporation Rules w.r.t. shifting of registered office
Ministry of Corporate Affairs vide its notification MCA dated 27th July, 2017, has amended the Companies (Incorporation) Rules, 2014 and changes has been made in Rule 28-Shifting of Registered Office within the same State and Rule 30-Shifting of Registered office from one State or union Territory to another State. Further, as per amended Rule 30,… Read More
Foreign Trade (Exemption from application of Rules in certain cases) Amendment Order, 2017
MINISTRY OF COMMERCE (DIRECTORATE GENERAL OF FOREIGN TRADE) ORDER New Delhi, the 25th July, 2017 S.O. 2322(E).—In exercise of the powers conferred by section 3, read with section 4, of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992), as amended by the Foreign Trade (Development and Regulation) Amended Act, 2010 the Central… Read More
Govt. discontinues imposition of Anti-dumping duty on imports of ‘Soda Ash’
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF ANTI-DUMPING & ALLIED DUTIES) NOTIFICATION New Delhi, the 22nd July, 2017 Sub. : Order issued for annulment of Sunset review Anti-Dumping Initiation Notification No. 7/5/2017-DGAD, dated 16.6.2017—reg. F. No. 7/5/2017-DGAD.—1. Whereas, a Sunset review anti-dumping investigation concerning imports of ‘Soda Ash’, originating in or… Read More
Appointment of Statutory Central Auditors (SCAs) – modification of rest period: RBI
RBI/2017-18/29 DBS.ARS.BC.04/08.91.001/2017-18 July 27, 2017 The Chief Executive Officers All Indian Private Sector Banks/ All Foreign Banks operating in India Dear Sir/Madam, Appointment of Statutory Central Auditors (SCAs) – modification of rest period Please refer to DBS.No.ARS.BC.8/08.91.001/2000-2001 dated January 30, 2001 addressed to private sector banks in terms of which, inter alia, an audit firm,… Read More
Exporter will be eligible for refund of Compensation Cess paid on goods :CBEC
Circular No.1 /1/2017-Compensation Cess F.No.354/136/2017-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** New Delhi, Dated 26th July, 2017 To Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners/Commissioners, All under CBEC. Madam/Sir, Subject: Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to… Read More
Govt. amends Central Tax Rules, 2017
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 27th July, 2017 No. 17/2017–Central Tax G.S.R. 965(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend… Read More
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