Corporate Law Reporter - The Daily Journal

Guidelines For Examination Of Biotechnology Applications For Patent

1. Introduction Biotechnology exploits biological materials, living or non-living, and is broadly classified as classical and modern biotechnology. The age-old fermentation process for producing alcohol, isolation of antibiotics from moulds or other micro-organisms are only a few examples of classical biotechnology. Modern biotechnology started with the gene splicing technology or genetic engineering which developed in… Read More

Public Notice on working of Patents (Form-27)

INTELLECTUAL PROPERTY INDIA PATENTS/DESIGNS/ TRADE MARKS/GEOGRAPHICAL INDICATIONS Government of India Office of The Controller General, Patents, Designs & Trade Marks, Boudhik Sampada Bhavan, S.M. Road, Antop Hill, Mumbai-400 037 (India) No. CG/Public Notice/2013/77 Date: 12.02.2013 PUBLIC NOTICE In accordance with the provisions contained in sub-section (2) of section 146 of the Patents Act, 1970 read… Read More

Message From CGPDTM On The Occasion Of World IP Day 2013

I greet all my officials and all those engaged in some way or the other in IP creation , protection and utilization of IP in India on this occasion of World Intellectual Property Day 2013. The World Intellectual Property Organization (WIPO) and its Member States decided in 2000 to designate April 26 as World Intellectual… Read More

Proof of Tangible/direct benefits from international transactions needed for determination of ALP

CLR Editorial Notes: This case bears reference to an appeal filed by the concerned assessee against an order passed by the Assessing officer. The assessee-company is engaged in the business of manufacturing, designing, engineering and supply of cooling towers, spares and providing engineering services. The assessee entered into several international transactions with its Associated Enterprises… Read More

RBI Top Management to Interact with Media on May 3rd

RBI Top Management to Interact with Media Apropos the announcement of the Monetary Policy Statement 2013-14, Dr. D Subbarao, Governor and Deputy Governors of the Reserve Bank of India will interact with the media in Mumbai and with the regional media through teleconference between 3.00 p.m. and 4.00 p.m. on Friday, May 3, 2013. Interested… Read More

Corrigendum to FDI Policy

No. 5(1)/2013-FC.I Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Udyog Bhawan, New Delhi Dated the 16thApril, 2013 CORRIGENDUM This is in continuation to this Department's communication No. 5(1)/2013-FC-1 dated 5.4.2013, wherein ˜Circular I of 2013-Consolidated FDI Policy' was issued. 2. In paragraph 3.10.3.1 of abovementioned Circular, phrase ˜paragraph… Read More

CLR Urgent :: DVAT Filing of online returns for March, 2013 and Fourth Quarter 2012-13.

The date of filing of DVAT online returns for March, 2013 and Fourth Quarter 2012-13 has been extended for various categories of tax payers. The circular is provided below: GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN, NEW DELHI No.F.7(420)/VAT/Policy/2011 /117-123 Dated:25/04/2013 CIRCULAR NO. 3 OF 2013-14 Sub: Filing of online returns… Read More

National Water Policy – Need for Augmentation, conservation and efficient management

The National Water Resources Council (NWRC) at its sixth meeting held on 28th December, 2012 based on the broader consensus that emerged, adopted the National Water Policy (2012) containing recommendation for setting up of an independent Statutory Water Regulatory Authority by each State to fix and regulate the water tariff system. Several steps for augmentation,… Read More

Income Tax Overseas Units

Income Tax Overseas Units have been set up in Indian Missions abroad as part of efforts to unearth black money. Tax Officers at the level of First Secretary are being posted to Income-tax Overseas Units (ITOUs) in Indian Missions abroad to maintain effective coordination and liaison between Indian tax authorities and the tax authorities of… Read More

Salient features of the Tax Forgone Statement

The salient features of the Tax Forgone Statement issued by the Government are as under: ¢ This Statement seeks to list the revenue impact of tax incentives or tax subsidies that are a part of the tax system of the Central Government. ¢ This Statement attempts to estimate some of the major tax expenditure under… Read More

Agricultural Credit to Drought Prone Areas

RBI information on Agricultural Credit to Drought Prone Areas The credit flow to agriculture during 2012-13, by the Commercial Banks, Cooperative Banks and Regional Rural Banks (RRBs) has been Rs. 4,12, 064 crore (provisional) upto January 2013. During 2011-12, the credit flow to agriculture by these institutions was Rs. 5,11, 029 crore (provisional). The Government is… Read More

Inclusion of Ayurveda/Homoeopathy in Mediclaim Insurance

Insurance Regulatory and Development Authority (IRDA) has informed that the insurance coverage to AYUSH treatments has been facilitated through the Regulation 5 (1) of the IRDA (Health Insurance) Regulations, 2013 which are published in the official gazette and came into force with effect from 18.02.2013. As per this regulation the insurers may provide coverage to… Read More

RBI Information on Estimated Outflow of Funds

Remittance of dividend and profit amount and interest payment on external borrowings to the residents outside India are computed as current account transactions under Balance of Payments (BoP) statistics periodically prepared by RBI. As per BoP Statistics, details of profit and dividend paid by FDI enterprises and interest paid by Indian corporate on account of external commercial… Read More