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新闻简报

The latest updates on relevant areas of law, curated by our team to be the most useful to clients as well as fellow legal practitioners.

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Construction cess not payable on contracts not having any construction component

24 五月 2021

The Supreme Court, in its recent judgment, has finally settled a long pending issue by holding that contracts which cover works other than civil works and do not involve any construction, do not attract cess under the Building and Other Construction Workers’ Welfare Cess Act, 1996.

Mere forwarding of WhatsApp messages as received when not amounts to sharing ‘unpublished price sensitive information’

18 五月 2021

The Securities Appellate Tribunal has held that mere ‘forwarded as received’ WhatsApp message circulated on a group regarding quarterly financial results of a Company, closely matching with the vital statistics, some time before the publication of the same, not amounts to an unpublished price sensitive information (‘UPSI’) under SEBI (Prohibition of Insider Trading) Regulations, 2015.

Design – Compliance with standards when can lead to ‘prior publication’

14 五月 2021

The Delhi High Court has rejected the contention that compliance with published standards can never be sufficient to constitute ‘prior publication’ of a design. The Court was of the view that this would have to be determined upon a consideration of the particular design and the published standards.

Distribution of assets in liquidation – No priority for first charge holders if security relinquished

06 五月 2021

The National Company Law Appellate Tribunal (NCLAT) has held that priorities amongst the secured creditors (first charge or second charge) will not prevail in distribution of assets in liquidation, in a case where the creditors had elected for relinquishment of security interest and for distribution of assets according to Section 53 of the Insolvency and Bankruptcy Code, 2016.

Copyright Rules 2013 amended – Electronic means of communication, annual transparency report by Copyright societies, etc.

20 四月 2021

The Department for Promotion of Industry and Internal Trade in the Ministry of Commerce and Industry has issued a notification on 30 March 2021 to amend the Copyright Rules, 2013. It may be noted that many of the changes now notified were earlier published for public comments in May 2019 through the Draft Copyright (Amendment) Rules, 2019. Some of the changes are listed below.

Provisional attachment – Conditions prescribed by statute must be strictly followed

20 四月 2021

Observing that the power to order a provisional attachment of the property of the taxable person including a bank account, under Section 83 of the HPGST Act [equivalent to Central Goods and Services Tax Act, 2017] is draconian in nature, the Supreme Court has held that the conditions prescribed by the statute for a valid exercise of this power must be strictly fulfilled.

Arbitration – Limitation for application for appointment of arbitrator

15 四月 2021

The Supreme Court has recently suggested that it is necessary for the Parliament to effect an amendment to Section 11 of the Arbitration and Conciliation Act, 1996, prescribing a specific period of limitation within which a party may move the court for making an application for appointment of the arbitrator under said section.

Prayer for injunction – Practice of two separate prayers, under infringement and passing off, unwise

09 四月 2021

The Bombay High Court has deprecated the practice of setting out two separate prayers, one for infringement and one for passing off, where both seek injunction. Urging the advocates to reconsider the manner in which they frame these prayers, the Court termed the practice as ‘singularly unwise’ and counter-productive.

Intellectual Property Appellate Board (IPAB) abolished

05 四月 2021

The Central Government has by way of an Ordinance issued last Sunday (4 April 2021) abolished Intellectual Property Appellate Board (‘IPAB’). It may be noted that a Bill for this purpose was earlier introduced in the lower House of the Indian Parliament (Lok Sabha) on 13 February 2021 but could not be taken for consideration and passing. The Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021 (‘Ordinance’) seeks to amend...

PLI Scheme for food processing industry gets Cabinet’s approval

01 四月 2021

The Union Cabinet has on 31 March 2021 approved a Production Linked Incentive Scheme for the Food Processing Industry. The scheme, with the outlay of INR 10900 crore, has the objective to support creation of global food manufacturing champions and strengthen select Indian brand of food products for global visibility and wider acceptance in the international markets.

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