In this paper, a new design has been proposed for the realization of grounded and floating meminductor emulators built with two OTAs and two second-generation current conveyors. The proposed emulators can be configured in both incremental and decremental topology. This paper also proposes the application of meminductor as Amplitude Modulator (AM). The proposed circuits and its application claim that the circuit is much simpler in design and can be utilized in both topologies. The performance of all the proposed circuits has been verified with Cadence Virtuoso Spectre using standard CMOS 180nm. Furthermore, post-layout simulations and its comparison along with non-ideal and Monte Carlo analysis have been carried out in detail.