Corporate Law Reporter - The Daily Journal

Relaxation in time limit for realisation of export proceeds from Goods and Software

RBI/2010-11/457; A.P. (DIR Series) Circular No. 47 Time limit for remittance of proceeds increased to 12 months from 6 months upto 30th Sept, 2011. March 31, 2011 To All Category - I Authorised Dealer Banks Madam / Sir, Export of Goods and Software Realisation and Repatriation of export proceeds Liberalisation Attention of Authorised Dealer Category-I (AD… Read More

Prohibition on NBFCs to be partners in Partnership Firms

The Reserve Bank of India (RBI) vide Notification RBI/2010-11/453 dated March 30, 2011 has prohibited Non-Banking Financial Companies (NBFCs) from contributing capital to any partnership firm or being partners in partnership firms. In cases of existing partnerships, NBFCs may seek early retirement from the partnership firms. Pursuant to the amendment, RBI has inserted Paragraph 19A… Read More

Twitter denied IPR for “Tweets”

Twitter is an exemplary model for a lot of social media. Since the publication of the first tweet in 2006, the company has grown to over 175 million registered, users averaging 95 million tweets a day. Its enormous growth and popularity has often been compared to Facebook™s rise, although such comparisons have been debated. The… Read More

Excise Duty Exemption on garments when returned for repair or reconditioning etc.

[F. No. B-1/3/2011 TRU] Notification New Delhi, the 24th March, 2011No.31/2011-Central Excise G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act,1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts all goods bearing a… Read More

File your responses for trade marks proceedings electronically for speedy processing

The processing of trade mark applications is done electronically and the ExaminationReport made available to the public on the IPO website. Accepted cases are automaticallypublished in the weekly Trade Marks Journal. Applicant's responses to the examination reportare also considered electronically by an authorized officer. While the office is taking steps todigitize all such received responses… Read More

IPR Trainings at National Institute of Intellectual Property Management (NIIPM)

Training Schedule of the NIIPM National Institute of Intellectual Property Management (NIIPM) is a Central Government Organization under the Ministry of Commerce & Industry engaged in conducting Training, Awareness programs on Intellectual Property Rights (IPR) i.e. Patents, Designs, Trademarks & Geographical Indications. Such IPRs are considered as a barometer of R&D activities, encourages technology transfer,… Read More

Oh Sorry ! Trademark registered by mistake

It has come to knowledge that in the trademark database, the status of pending / registered trademarks have appeared wrongly in quite a number of cases possibly due to wrong entries in the system that has occurred over a period of time. A status change module has now been developed by NIC to allow certain authorized officials… Read More

Limitation period for setting aside Arbitral Award

Setting aside arbitral award Limitation for making an application for - Is period of limitation to be reckoned from the date a copy of award is received by the objector or from the date a signed copy is delivered by arbitrator Section 34 The period of limitation for filing an application under section 34 for setting… Read More

Competition Commission™s direction of investigation cannot be challenged before Appellate Tribunal

[2010] 98 CLA (Mag.) 35 Competition Commission™s direction of investigation cannot be challenged before Appellate Tribunal Rules Supreme Court in Jindal™s case Mamta Bhargava In this brief note, Mamta Bhargava, Company Secretary, summaries decision of the Supreme Court in CCI v. Steel Authority of India [2010] 98 CLA 278 holding that the authority of the… Read More

Right of shareholders to receive complete copy of B/S and P&L

[2010] 98 CLA (Mag.) Right of shareholders to receive complete copy of balance sheet and profit and loss account including Employees Statement T V Narayanaswamy Interesting legal issues often crop up on which there can be more than one view. It may be useful for any one faced with such issues to have them examined… Read More

Inflation to be upwards of 13 percent by end 2011

Mumbai, Apr 12 (PTI) Urban households expect inflationary pressure to sustain through 2011 and feel there may not be any softening of food prices, an RBI survey shows. While year end 2011 household inflation is expected to be 13.1 per cent, up from the perceived 11.8 per cent in December 2010, daily-wage workers and housewives… Read More

Government inviting comments on the proposed anti graft bill

New Delhi, Apr 12 (PTI) In the backdrop of uproar over corruption and blackmoney issues, Government has sought suggestion from people on a proposed anti-graft law which will facilitate extradition and prosecution of foreign public officials involved in bribery. In a public notification, the government sought views and suggestions of general public on the Prevention… Read More

Interactive Session with Regulators on Regulatory Overlaps

ASSOCHAM is organizing an Interactive Session with Regulators on Regulatory Overlaps On Wednesday, the 13th April, 2011 at from 11.00 a.m. to 1.00 p.m. at ASSOCHAM House, 47, Prithviraj Road, New Delhi Smt. Usha Narayanan, Executive Director, SEBI will be the Guest of Honour. The program would be followed by Lunch. There is no participation fee… Read More