Month: June 2012

Corporate Social Responsibility(CSR)

[vc_row][vc_column][vc_column_text]Corporate Social Responsibility (CSR) is organisation’s performance against economic, social and environmental parameters. The theory behind CSR is that companies can be profitable while at the same time minimize their negative impact on the stakeholders. Many studies were conducted to understand whether ethics pay and found a positive correlation between better financial performance and better …

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M/s. Khulood Impex Private Limited & ors vs. The Registrar of Companies decided by Delhi High Court on 01/03/2012

The period of limitation commences from the day the offence comes to the knowledge of the complainant. Brief facts : A complaint was received by the Regional Director, Northern Region, Noida regarding irregularity/ illegality in the affairs of the Petitioner Company (M/s. Khulood Impex Private Limited). The complaint was forwarded to the Respondent/ Complainant (ROC) …

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SREI Infrastructure Finance Limited vs. The Income Tax Settlement Commission & ORS decided by Delhi High Court on 30th March, 2012

The transfer of an undertaking under a Scheme of arrangement under Section 391-394 of Companies Act, 1956 is ‘Slump sale’ which is taxable under Section 50B of the Income-tax Act. Brief fact of the Case : The petitioner (SREI Infrastructure Finance Limited) under a scheme of arrangement, transferred its project financing business and assets based …

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Hawkins Cookers Ltd Vs. Murugan Enterprises decided on April 13, 2012

Facts: 1. The appellant is the registered proprietor of the trademark “HAWKINS” in respect of pressure cookers and parts thereof, including gaskets, falling under Class-21 of the erstwhile Trade and Merchandise Marks Act 1958. 2. The grievance relates to the respondent, M/s. Murugan Enterprises, manufacturing and selling gaskets under the trademark “MAYUR”. But on the …

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Foreign Direct Investment

[vc_row][vc_column][vc_column_text]Introduction Foreign Direct Investment (“FDI”) is permitted in all sectors except for those contained in the prohibited list including atomic energy, betting and gambling, lottery business etc. It may or may not require prior regulatory approval depending on the government policy in the relevant sector in which investment is proposed to be made. Proposals, where …

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SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

Exit Policy for De-recognized/ Non-operational Stock Exchanges: SEBI has  vide  its circular CIR/MRD/DSA/14/2012 dated May 30, 2012 revised/modified its guidelines in respect of exit option to stock exchanges in order to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Filing Offer Documents under SEBI …

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