News
SEZ – Dual use of infrastructure permitted in non-processing area
20 一月 2015
Ministry of Commerce and Industry has allowed dual use of non-processing area in the Special Economic Zones with effect from 2-1-2015.
New Insider Trading Regulations notified
20 一月 2015
Securities and Exchange Board of India has notified new set of regulations, to put in place a framework for prohibition of insider trading in securities.
Status of secured creditor not alters unless charge explicitly extinguished
20 一月 2015
The Supreme Court of India has, on 9-1-2015, held that a charge created under Section 125 of Companies Act, 1956 shall not be extinguished unless the arbitration award does not explicitly say so.
Director’s liability – ‘Alter ego’ and attribution of acts of companies
20 一月 2015
The Supreme Court of India has, on 9-1-2015, held that when the company is the offender, vicarious liability of the Directors cannot be imputed automatically, in the absence of any statutory provision to this effect.
Major relief for exporters and importers by CBEC
14 一月 2015
Central Board of Excise and Customs has last month given some major relief to Indian exporters and importers in terms of procedures to be followed while making imports and exports.
Sale of used motor vehicles – Exemption under Delhi VAT
14 一月 2015
Sale consideration received on resale of used motor vehicle to third parties by dealers of different commodities is not includible in the taxable turnover for attracting liability under Delhi VAT provisions if conditions of Section 6(3) of DVAT Act are satisfied.
India set to introduce GST
23 十二月 2014
India took its first major step on GST when the 122nd Constitutional Amendment Bill, 2014 was introduced in Lok Sabha (House of People) on 19-12-2014.
Export of patented product for conducting studies, permitted
22 十二月 2014
Bombay High Court has held that sale even outside India would fall within the sweep of Section 107A of the Patents Act, 1970 providing for no infringement in certain cases, if it is reasonably related to development and submission of information as required under a law in force in India or outside India.
Similar marks on Pharma products – Confusion less likely
22 十二月 2014
A question arose as to whether the mark MOMARID to be registered for pharmaceutical and veterinary preparations is likely to cause confusion with an existing mark LONARID for pharmaceutical and sanitary preparations.
USPTO issues interim guidance on patentable subject matter
22 十二月 2014
The United States Patent and Trademark Office (USPTO) issued the 2014 Interim Guidance on Patent Subject Matter Eligibility on 16-12-2014 and it will be open for comments from the public till March 16, 2015.