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.
Bank penalised for not reporting transactions over 10 lacs to FIU
Press Release : 2010-2011/1842 The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Padra Nagar Nagarik Sahakari Bank Limited, Vadodara, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for… Read More
Periodical Report Grant of prior approval to Credit Rating Agencies
CIR/MIRSD/8/2011 June 17, 2011 To All Credit Rating Agencies Registered with SEBI Dear Sir/Madam, Subject: Periodical Report Grant of prior approval to Credit Rating Agencies 1) SEBI (Credit Rating Agencies) Regulations, 1999 {hereinafter referred to as "the saidRegulations"}, have been amended vide notification no. LAD-NRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said… Read More
Periodical Report Grant of prior approval to Depository Participants
CIR/MIRSD/9/2011 To The Managing DirectorsNSDL and CDSL Dear Sir/Madam, Subject: Periodical Report Grant of prior approval to Depository Participants 1) SEBI (Depositories and Participants) Regulations, 1996 {hereinafter referred to as "the said Regulations"}, have been amended vide notification no. LAD-NRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said amendment"}, acopy of which is… Read More
Directions for submission of system audit reports from CISA qualified Auditor
June 14, 2011 To All Scheduled Commercial Banks Dear Sir, Directions for submission of system audit reports from CISA qualified Auditor Please refer to our circular Ref No. DPSS.1444/ 06.11.001/ 2010-2011 dated December 27, 2010 on the captioned subject. It is clarified that the contents of the above circular are applicable to only those entities which… Read More
List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML No. 18819 /14.06.001/2010-11 dated June 3, 2011. We have since received from Government of India (Ministry of External Affairs) copy of note dated June 10, 2011 forwarded by the Chairman of UN Security… Read More
Exim Bank’s Line of Credit to the Government of the United Republic of Tanzania
RBI/2010-11/565 A.P. (DIR Series) Circular No. 71 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 36.56 million to the Government of the United Republic of Tanzania Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 28, 2011 with the Government of the… Read More
Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs
RBI/2010-11/566 DNBS (PD) CC.No. 222/03.10.001/2010-11 All NBFCs Dear Sirs, Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2004, dated July 07, 2004, in terms of which an Indian party requires prior approval… Read More
Scheme for Organising Book Fairs, Book Exhibitions and Participation in International Book Fairs and Publishing Events
Union Ministry of Culture has announced a scheme which is known as Financial Assistance for Book Fairs, Book Exhibitions and participation in International Book Fairs and publishing Events etc™. The main object of the scheme are popularization of Indian Culture through the quality of Books and create climate n which a vast number of people would buy and read books.… Read More
3rd Financial Stability Report June 2011 issued by RBI
Press Release : 2010-2011/ 1814 The Reserve Bank of India presented its assessment of the health of India™s financial sector in its Financial Stability Report (FSR), released here today. The report reflects the Reserve Bank™s continuing endeavour to communicate its assessment of the incipient risks to financial sector stability. The first FSR was released in March 2010… Read More
Processing of investor complaints against listed companies in SEBI Complaints Redress System (SCORES)
All recognized Stock Exchanges Dear Sir/Madam, Sub: Processing of investor complaints against listed companies in SEBIComplaints Redress System (SCORES) 1. SEBI has commenced processing of investor complaints in a centralized webbased complaints redress system ˜SCORES™. The salient features of thissystem are:¢ Centralised database of all complaints,¢ Online movement of complaints to the concerned listed companies,¢… Read More
Whether the unsecured loans advanced by the promoter group could be adjusted against allotment of shares ?
SRM Energy Limited, Mumbai vs (1) Securities and Exchange Board of India, Mumbai; (2) Arihant Capital Markets Limited, Mumbai Brief Facts:- The appellant was incorporated as a public limited company in the year 1985 under the name and style of Hitkari Fibers Limited. Its shares are listed on the Bombay Stock Exchange. Spice Energy Pvt. Ltd (for short SEPL)… Read More
Periodical Report Grant of prior approval to members of stock exchanges/sub-brokers
CIR/MIRSD/2/2011 To All Recognized Stock Exchanges Dear Sir/Madam, Sub: Periodical Report Grant of prior approval to members of stock exchanges/sub-brokers 1) SEBI (Stock Brokers and Sub-brokers) Regulations, 1992 {hereinafter referred to as "the said Regulations"}, have been amended vide Notification No. LAD-NRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said amendment"}, a copy of which is available on… Read More
AO directed to pay costs for Recovery Harassment
Shramjivi Nagari Sahakari Pat Sanstha vs. ACIT (ITAT Pune) Brief Facts:- The assessee, a credit co-operative society, contravened s. 269SS & 269T because of which penalty u/s 271E was levied. The CIT(A) confirmed the levy of penalty. Before service of the CIT(A)™s order, the assessee™s bank account was attached u/s 226(3). The assessee filed a stay… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
