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.
IRDA selects Implementation Agency for Business Analytics Project
Ref:IRDA/IT/NTC/TNDR/082/05/2011 Sub: Selection of Implementation Agency (IA) for Business Analytics Project Based on the detailed scrutiny of the Technical & Commercial Proposals submitted by the Shortlisted IT firms and further evaluation based on Combined Quality Cum Cost Based System (CQCCBS), M/s L & T Infotech has been formally selected as an Implementation Agency for the… Read More
Indian Society of International Law gets approval u/s 35(1)(3) of Income Tax Act
NOTIFICATION NO. 22 [F.NO.203/43/2010/ITA-II], INDIAN SOCIETY OF INTERNATIONAL LAW, NEW DELHI NOTIFIED AS AN APPROVED ORGANISATION U/S 35(1)(III) Section 35(1)(iii) of the Income-tax Act, 1961 Scientific research expenditure Approved social science or statistical research associations/insitutions It is hereby notified for general information that the organization Indian Society of International Law, New Delhi has been approved… Read More
Opening of Escrow Accounts for FDI transactions
RBI/2010-11/ 498 A. P. (DIR Series) Circular No. 58 May 02, 2011 To All Category-I Authorised Dealer Banks Madam / Sir, Opening of Escrow Accounts for FDI transactions Attention of the Authorised Dealer Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More
Payment of fee under the RTI Act by Indian Postal Order
CLR Note: The person who is filing the application under Right to Information Act, can make payment through various modes including Indian Postal Order. If any authority refuses to accept the Postal order, it may be penalized by the Central Information Commission on the concerned Central Pubic Information Officer No.F.10/9/2008-IR Government of India Ministry of Personnel, PG & Pension… Read More
Exemption under section 10B of Income tax denied to undertaking on lease
Synergies Casting Ltd. v. DCIT (ITA No. 864 & 1364/Hyd/2010) The Hyderabad Tribunal has held in the above ruling that Exemption under Section 1 0B of the Act is not available to undertaking taken over on lease but the manufacturing activity has to be carried on by the taxpayer itself by using its own plant… Read More
Repo, Reverse Repo rates, CRR hiked by RBI
On Tuesday, April 20, the short term lending rates have been hiked by Reserve Bank of India along with borrowing rates by 25 basis points each. In order to check inflation, the RBI has also hiked the portion of money banks deposit with it by 25 basis points. RBI on Tuesday raised the repo, reverse repo rates to… Read More
Issue of Irrevocable Payment Commitment (IPCs) to Stock Exchanges
Issue of Irrevocable Payment Commitment (IPCs) to Stock Exchanges on behalf of Mutual Funds (MFs) and Foreign Institutional Investors (FIIs) CLR Note: The Foreign Institutional Investors can purchase shares or convertible debentures which are issued by the Indian Company under the Portfolio Scheme and it also allowed to Custodian Bank, on behalf of FII clients for purchase… Read More
Only Operating Profit of Comparables to be considered for Transfer Pricing – ITAT
DHL Express (India) Pvt Ltd vs. ACIT (ITAT Mumbai) Brief Facts :- The assessee company is engaged in the business of couriers mainly International couriers and is belongs to DHL group. The assessee company had entered into an agreement with DHL for access the DHL network for transportation and delivery of consignment. For this purpose, the assessee company… Read More
Limit of USD 5 bn increased to USD 25 bn by RBI for investments in bonds and Non Convertible Debenture by FIIs
RBI/2010-11/492 A.P. (DIR Series) Circular No. 55 To, All Category I Authorised Dealer banks Madam / Sir, Foreign investments in India by SEBI registered FIIs in other securities Attention of Authorised Dealers Category I (AD Category - I) banks is invited to paragraph 1 of Schedule 5 to the Foreign Exchange Management (Transfer or Issue… Read More
RBI liberalises the norms for Advance Remittances made by Banks for Imports
RBI/2010-11/493 A.P. (DIR Series) Circular No. 56 April 29, 2011 To All Authorised Dealers in Foreign Exchange Madam/ Sir Foreign Exchange Management Act, 1999- Advance Remittance for Import of Goods - Liberalisation Attention of Authorised Dealer Category I (AD Category-I) banks is invited to A. P. (DIR Series) Circular No.106 dated June 19, 2003, A. P.… Read More
Notification on SARFAESI (Central Registry) Rules 2011
CLR Note:- The Central Registry constituted under SARFAESI Act, 2002, vide announcement made by the Finance Minister in his Budget Speech 2011-12, has already been effective since 31st March 2011. The Central Registry will definitely help to to prevent frauds in loan cases involving multiple lending from different banks on the same immovable property. RBI /2010-11/484… Read More
High Value Transactions might be added in AIR list
The Finance Ministry is planning to add high-value transactions in Annual Information Returns (AIRs) of revenue department for driving out tax evasion. This is in addition to lowering the existing limits in case of some transactions. In AIRs, intermediaries, such as banks, are supposed to report high-value transactions to the tax department so that… Read More
SEBI reviews Annual Issuers’ Charges
CIR/MRD/DP/ 05 /2011 To, All Depositories/ all Stock Exchanges Dear Sir/Madam, Sub: Review of Annual Issuers™ charges 1. Please refer to SEBI Circulars No. MRD/DoP/SE/Dep/Cir-4/2005 dated January 28, 2005 and No. MRD/DoP/SE/Dep/Cir-2/2009 dated February 10, 2009 on the captioned subject matter. 2. In partial modification to the above circulars, it has been decided to modify the methodology of… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
