Business Law | Corporate Law Reporter

Implementation of One Rank One Pension

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for implementation of One Rank One Pension (OROP). The details are as follows: 1. The benefit will be given with effect from 1st July, 2014. 2. Pension will be re-fixed for pre 1.7.2014 pensioners retiring in the same… Read More

Cabinet approves recommendations of 14th Finance Commission on fiscal deficit targets and additional fiscal deficit to States during 2015-20

The Union Cabinet chaired by the Hon’ble Prime Minister has today given its approval to Recommendations on Fiscal Deficit Targets and Additional Fiscal Deficit to States during Fourteenth Finance Commission (FFC) award period 2015-20 under the two flexibility options recommended in para 14.64 to 14.67 of its Report (volume – I). FFC has adopted the… Read More

Notice for abandonment of Trademark Applications by Trademarks Authority

GOVERNMENT OF INDIA Ministry of Commerce & Industries Office of the Controller General Patents, Designs and Trademarks Boudhik Sampada Bhawan, S. M. Road, Antop Hill, Mumbai 400037 CG Office/TMR/Public Notice/2016 dated: 04/04/2016 Public Notice This office has taken steps to treat the applications as abandoned in which no reply to examination report containing office objections to… Read More

Mediation in cases pending before Registrar of Trade Marks, at the Trade Marks Registry Delhi

GOVERNMENT OF INDIA Ministry of Commerce & Industries Office of the Controller General Patents, Designs and Trademarks Boudhik Sampada Bhawan, S. M. Road, Antop Hill, Mumbai 400037 No. CG/TMR Del/DSLSA/ Dated: 31.03.2016 PUBLIC-NOTICE Mediation in cases pending before Registrar of Trade Marks, at the Trade Marks Registry Delhi In view of the pendency of Opposition/Rectification… Read More

Point of Taxation (Second Amendment) Rules, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 21/2016-Service Tax, New Delhi, the 30th March, 2016 G.S.R.---(E).- In exercise of the powers conferred by clause (a) and clause (hhh) of subsection (2) of section 94 of the… Read More

Court fee must be refunded in case of compromise-High Court

The Punjab and Haryana High Court has ruled that court fee must be refunded in all cases that end up in a compromise. The ruling by the HC is likely to save litigants a significant amount of money. The ruling by the court is applicable in all cases. The suit is to be determined by… Read More

Marketing Campaign in India for International Registration of Trade Marks

Release of report by IIM Bangalore on “Marketing Campaign in India for International Registration of Trade Marks” in cooperation with WIPO and DIPP (Department Of Industrial Policy & Promotion) Marketing Campaign in India for International Registration of Trade Marks Read More

Frequently Asked Questions (FAQs) – Startupindia

The Department Of Industrial Policy & Promotion has released Frequently Asked Questions (FAQs) for Startupindia dated 30th March, 2016. Please click here for Frequently Asked Questions (FAQs) for Startupindia Read More

100 % FDI in eCommerce Marketplace – DIPP defines the rules

The Department of Industrial Policy and Promotion (DIPP) has released Press Note No. 3 (2016 series) dated 29th March, 2016 on Foreign Direct Investment (FDI) in eCommerce Companies. The Press Note lays down the following key points: Ecommerce defined: Ecommerce to include buying and selling of goods and services over any digital network; It includes… Read More

Insurance Regulatory and Development Authority of India (Lloyd’s India) Regulations, 2016

Insurance Regulatory and Development Authority of India (Lloyd’s India) Regulations, 2016 F. No. IRDAI/Reg/4/116/2016- In exercise of the powers conferred by section 3, 6 and 114A of the Insurance Act, 1938, and sections 14 read with 26 of the Insurance Regulatory and Development Authority of India Act, 1999, the Authority, in consultation with the Insurance… Read More

Part Redemption and payment of interest on Non Convertible Debentures of Satin Creditcare Network Limited

Trading Members of the Exchange are hereby informed that, Satin Creditcare Network Limited has fixed Record Date for the purpose of Part Redemption of Non-Convertible Debentures of the company and payment of interest thereon. Trading Members are requested to note that trading in the Non-Convertible Debentures of the company will be with reduced face value… Read More

DRDO to Bring Alive Spirit of ‘Make In India’ at Defexpo 2016

The display of state-of-the-art military systems and technologies by Defence Research & Development Organisation (DRDO) will narrate the saga of self-reliance & national pride with “Make in India” spirit in Defence Expo 2016 during 28th-31st March at Goa. Hon’ble RakshaMantri Shri Manohar Parrikar will inaugurate the ninth edition of this biennial Land, Naval and Internal… Read More

Critical Analysis and over all effect of Interplay between SICA1985 & SARFASI ACT,2002

As in M/S Madras Petrochem Ltd.& Anr vs Bifr & Ors in this case Hon ble Supreme Court decided a interesting questions on the interplay between the Sick Industrial Companies (Special Provisions) Act, 1985 and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and overall position and effect under… Read More