News
E-voting clarified
19 六月 2014
Voting through electronic means i.e. e-voting as contained in Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 is not mandatory till 31st of December, 2014.
Appointment of Independent Directors – Certain issues clarified
17 六月 2014
Ministry of Corporate Affairs has clarified that transactions like availing telecom services, courier services, etc.
Committees to be constituted within one year
17 六月 2014
Public companies with a paid up capital of Rs. 10 crore or more, or having turnover of Rs. 100 crore or more, or having in aggregate, outstanding loans or borrowings or debentures or deposits exceeding Rs. 50 crore and/or more, and which were not required to constitute Audit Committee or the Nomination and Remuneration Committee under the erstwhile Companies Act, 1956, are now required to constitute same within specified time.
CLB not empowered to order issue of shares
17 六月 2014
The Company Law Board (CLB) does not have power under Section 111 of the Companies Act, 1956 to decide on right to shares and decree suits for specific performance as well as order rectification of register.
Method claims - SC rules on inducement & infringement
11 六月 2014
The US Supreme Court, on 2-6-2014, held that the petitioner was not liable for inducing patent infringement when it required third parties (customer) to carry out certain steps of the process covered by the method patent of the respondent [Limelight Networks Inc v. Akamai Technologies, No. 12–786].
Reference to arbitration in cases of void or voidable contracts – SC lays down guidelines
06 六月 2014
The Supreme Court of India has, on 28th of May, 2014 declined to accept the proposition that whenever a contract is alleged to be void ab-initio, the courts exercising jurisdiction under Section 8 and Section 11 of the Arbitration and Conciliation Act, 1996 are rendered powerless to refer the disputes to arbitration.
HDPE fabric is artificial silk
05 六月 2014
The High Court of Punjab & Haryana recently examined warp and weft to judge if HDPE woven fabric is artificial silk [A.R. Plastic P. Ltd. v. State of Haryana].
Multilateralism to stay despite RTAs - WTO Annual Report, 2014
04 六月 2014
The WTO released its Annual Report on 28-5-2014. Not surprisingly, the ‘Bali Package’ has been highlighted as an important milestone in negotiations.
Copyright of design when the same not registered under Designs Act
26 五月 2014
Drawing/design which is an artistic work under the Copyright Act, as also under the Designs Act, 2000, if not registered under the latter Act, will have protection under the Copyright Act only till the design is used not more than 50 times by an industrial process to produce an article.
Bombay High Court rules on meeting requirements
23 五月 2014
Even as the new Companies Act continues to unfold slowly, issues of interpretation and conflicts have started to appear.