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Mr. V. Lakshmi Kumaran on ‘IP Issues of Indian Pharmaceutical Industry’

The Japan External Trade Organization (JETRO) had organized a one-day seminar on the theme “GMP aspect related to current requirement in ensuring the quality of Medicine for utilizing India as R&D and IPR hub” on 30th July, 2009 in New Delhi. The seminar focussed on topics like validation in GMP, DMF filing, IPR and related areas in context with India and Japan. Mr. V. Lakshmi Kumaran, the Fo...

Panel discussion on “Patentability of Salicylic Acid Derivatives over Salicylic Acid”

FICPI, a world-wide organization of intellectual property attorneys, had organized the three-day FICPI India symposium from December 9-11, 2009 in New Delhi, India. The seminar focused on recent developments in the rapidly expanding Intellectual Property profession and the opportunities that India now affords. Mr. V. Lakshmikumaran, Founder and Managing Partner of Lakshmi Kumaran & Sridharan ...

2011 ACM Global Awards – L&S wins Gold Award

Lakshmi Kumaran & Sridharan (L&S) is the winner of Gold Award in the 2011 Global Awards for Excellence in Adaptive Case Management. Newgen Software Technologies limited, a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM) has implemented the information technology solution at L&S. L&S was conferred the Gold Award under Legal and Courts category. The 20...

Exit made easier for companies

Companies wanting to get their names struck off can now relax. The defunct companies have been given an easy and convenient exit scheme called ‘Fast Track Exit Mode’. Section 560 of the Companies Act, 1956 empowers the Registrar of Companies (ROC) to strike-off the names of the companies which have ceased to be operational. The companies may also suo motu apply to the ROC to get their names str...

Amnesty Scheme for companies not filing documents

A new Company Law Settlement Scheme, 2011 has been introduced by Ministry of Corporate Affairs, Government of India. The scheme provides an opportunity to the companies which have failed to file the statutory documents. These documents include Balance Sheets, Annual Returns and Secretarial Compliance Certificates. The scheme is applicable to statutory documents that were due for filing till ...

'Don't prosecute all Directors' – MCA issues instructions

While prosecuting for acts of commission or omission violating Companies Act, 1956, directors who are not ‘officers in default’ shall be excluded. The Ministry of Corporate Affairs in its Master Circular No. 1/2011 issued on 29th July, 2011, has directed its officers not to generalize all the directors of a company while launching prosecution. According to the instructions the directors not ...

Aircraft overhauling in SEZ chargeable to Service tax

The Authority for Advance Rulings has held that Maintenance, Repair and Overhauling Services (MRO) MRO services undertaken inside SEZ do not fall under 'authorised operations' and will not be eligible for Service Tax exemption. According to the AAR, such services cannot be said to be rendered 'outside India' and they will be leviable to Service Tax under Section 66 of Finance Act, 1994. The a...

N. Mathivanan addresses 7th International SEZ Convention

N. Mathivanan, Partner, Lakshmi Kumaran and Sridharan, addressed the 7th International SEZ Convention organized by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) at New Delhi on 27-7-2011. Senior representatives from the industry, government officials and delegates from SEZs of foreign countries participated in the Convention. Mr. Mathivanan discussed various legal and o...

Indo-German Investment Summit at Berlin

The Indo-German Investment Summit, 2011 is scheduled to held on 13th September, 2011 at Berlin. Mr. V. Lakshmi Kumaran, Managing Partner, Lakshmi Kumaran & Sridharan (L&S) will be addressing the summit. The conclave is expected to provide much fillip to the Indo-German trade relations and comes at a time when Europe is experiencing economic bad weather. Mr. Lakshmi Kumaran along with Mr. N. ...

India releases GI Practice & Procedure Manual

The Geographical Indications India Registry has finalised and released the Manual of Geographical Indications Practice and Procedure. The GI Manual seeks to act as a guide to prospective applicants and GI practitioners, in order to streamline and bring uniformity in the filing procedures and improve compliance with various provisions. The GI Manual is the third in the series of manuals releas...

Patent sought for cancer drug under compulsory licensing law

Natco Pharma has applied for compulsory licensing to sell its generic version of a drug used to treat liver and kidney cancer. Natco had earlier approached Bayer for grant of voluntary license and been refused. The price differential between the patented drug and the generic version is over Rs. 2.5 lakhs. Non-affordability by a majority of Indians is the ground cited for applying for compulsory...

Seminar on Service Tax & Cenvat Credit changes

A seminar on recent changes in Service Tax and Cenvat Credit Rules was organised by Institute of Business Laws (IBL) on 8th July 2011 in Hyderabad. Lakshmi Kumaran & Sridharan (L&S), Tier-1 Law Firm in Tax was the knowledge partner. Mr. Raghavan Ramabadran, Senior Consultant with L&S explained the changes in great detail. There was a volley of queries on the new Point of Taxation Rules. The unr...

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