Shantanu eMinds Legal Consulting Pvt Ltd
eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.
Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards
RBI/2012-13/444 DPSS.CO.CHD.No. 1622/04.07.05/2012-13 March 18, 2013 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards A reference… Read More
RBI initiates Scrutiny of Three Banks for Alleged KYC/AML Guidelines
The Reserve Bank of India has initiated the process of carrying out comprehensive scrutinies covering both, Head Office and branches of three private sector banks, namely, ICICI Bank, HDFC Bank and Axis Bank. Apart from this, the Reserve Bank has also undertaken a thematic study in respect of banks that are active in selling gold… Read More
Report on SEZs notified under SEZ Act, 2005
In addition to seven Central Government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 577 proposals out of which 385 SEZs have been notified. A total of 166 SEZs are exporting. Statement containing State-wise distribution of SEZs is annexed. Setting… Read More
Arbitration Mechanism through Stock Exchanges – Introduction of Automatic Process and Common Pool of arbitrators
CIRCULAR CIR/MRD/ICC/ 8 /2013 March 18, 2013 All Stock Exchanges having nation-wide trading terminals Dear Madam/Sir, Sub: Arbitration Mechanism through Stock Exchanges - Introduction of Automatic Process and Common Pool of arbitrators. SEBI has received inputs from investors regarding functioning of the arbitration mechanism at the Stock Exchanges. In light of which, you are advised… Read More
Department of Electronics and Information Technology to give Preference to Domestically manufactured IT equipments
In terms of the policy for providing preference to domestically manufactured electronic products in procurement due to security considerations and in Government procurement, the Department of Electronics and Information Technology (DeitY) has issued two notifications. Notification No. 8(41)/2012-IPHW dated 17.12.2012 provides preference to domestically manufactured Desktop PCs and Dot Matrix Printers and Notification No. 8(41)/2012-IPHW… Read More
MCA signs MoUs for developing a Comprehensive system for early detection of corporate frauds
Signing of MOUs between Ministry of Corporate Affairs and Financial intelligence unit & NIELIT Giving a fillip to the early establishment of a state-of-art Forensic Lab within the premises of Serious Fraud Investigation Office (SFIO) in the national capital; and the development of a Comprehensive Early Warning System (EWS) for detection of corporate fraud and… Read More
RBI Clarification on Anti-Money Laundering and Combating of Financing of Terrorism
RBI/2012-13/443 RPCD.RRB.RCB.AML.No. 9753/07.51.018/2012-13 March 15, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter RPCD.CO.RRB.RCB.AML.No. 6163/07.51.018/2012-13 dated December 17, 2012 on risks arising from the deficiencies in AML/CFT regime of certain… Read More
GoI clarification on SEBI (Credit Rating Agencies) Regulations, 1999
According to SEBI (Credit Rating Agencies) Regulations, 1999, a credit rating agency (CRA) shall not offer fee-based services to the rated entities, beyond credit ratings and research. Further, SEBI Guidelines require a CRA to disclose annually : (a) Its total receipt from rating services and non-rating services, (b) Issuer wise percentage share of non-rating income… Read More
GoI Clarification on SME Stock Exchanges
Securities and Exchange Board of India (SEBI) vide its circular dated May 18, 2010 has prescribed the guidelines regarding setting up of a Stock exchange/ a trading platform by a recognized stock exchange having nationwide trading terminals for Small and Medium Enterprises (SME). Subsequently on request of BSE Ltd. (BSE) and National Stock Exchange of… Read More
GoI clarification on Electoral Trusts Scheme
The Government has notified the Electoral Trusts Scheme, 2013 vide Notification No. S.O.309(E) dated 31st January, 2013. Beside rule 17CA for functioning of electoral trusts for the purpose of section 13B of the Income-tax Act, 1961 has also been notified vide Notification No. S.O. 308(E) dated 31st January, 2013. The scheme and the rules provide… Read More
SEBI clarification on sharing of information between Debenture Trustees and Credit Rating Agencies
CIR/MIRSD/3/2013 March 15, 2013 To All Debenture Trustees and Credit Rating Agencies registered with SEBI Sir/ Madam, Sub: Sharing of information regarding issuer companies between Debenture Trustees and Credit Rating Agencies SEBI (Debenture Trustee) Regulations, 1993 require the Debenture Trustees (DTs) to share information regarding the issuer companies that are their clients, with Credit Rating… Read More
All India Conference of Central Administrative Tribunal to be held Tomorrow
The All India conference of the Central Administrative Tribunal will be held here tomorrow. Mr. Justice Altamas Kabir, Chief Justice of India will be the Chief Guest. Dr. Ashwani Kumar, Union Minister for Law and Justice will preside and Shri V. Narayanasamy. Minister of State for Personnel, Public Grievances & Pensions will be the special… Read More
Proposed Changes in Narcotic Drugs and Psychotropic Substances Act, 1985
Views of the State Governments/Union Territories had been sought on regulatory changes relating to availability of opioids for palliative care and reasonable safeguards to address the concerns of the legitimate trade and industry dealing with narcotic drugs and psychotropic substances. At present, there is no proposal under consideration to bring out new narcotic drugs within… Read More
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