Introduction: The policy relating to SEZs was earlier contained in Foreign Trade Policy. However, to give a long term and stable policy framework with minimal regulation, the SEZ Act was enacted. The Act received the assent of the President on 23rd June, 2005 and has come into force with the Special Economic Zones Rules, 2006 …
Word: “Bonafide ” Meaning: in good faith Example: All the Directors must act bonafide for the benefit of the company as whole. Pronunciation: Bo-na-fi-de Word: “Restitutio in integrum ” Meaning: Restoration to the original position. Example: In a breach of contract case, the injured party may ask the court to restore the parties to the …
In the earlier issue, we discussed on Section 5 of the Companies Act, 1956 and in the present issue we shall proceed with Section 10 of the Companies Act, 1956 which deals with the Jurisdiction of Courts. Query No 1 : Where a Company removed the plaintiff from Board of Directors and subsequently shifted its …
APPEAL NO: 2728 of 2013. DECIDED ON: 1-04-2013. CASE IN BRIEF:This case is a landmark decision by a two-judge bench of the Indian Supreme Court on the issue of evergreening of pharmaceutical patents. Application filed in India for patent of “Imatinib mesylate” in Beta crystalline form, by appellant (“Novartis”) denied by Assistant Controller of Patents …
Labour Law and other Compliance’s for the month of May, 2013 S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th May, 2013 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th May, 2013 3 Service …
During this month of I had an opportunity to visit Brazil as part of my executive MBA with ISB. It was an amazing experience to learn about another BRICS country. Both India and Brazil are close to each other on various fronts such as ease of doing business, ranking in Global Competitive Business and facing …
INTRODUCTION Emergence for the need of Code of Conduct for prevention of Insider Trading SEBI in the year 1992 has framed (Prohibition on Insider Trading) Regulations 1992. This regulation provides that, no insider shall deal in securities on his own behalf, or on behalf of someone else, while in possession of unpublished price sensitive information …
Insight on Code of Conduct for Prevention of Insider Trading Read More »
Overseas Direct Investments – Clarification Reserve Bank of India has observed that eligible Indian parties are using overseas direct investments (ODI) automatic route to set up certain structures facilitating trading in currencies, securities and commodities. Also that such structures having equity participation of Indian parties have also started offering financial products linked to Indian Rupee. …
Redressal of investor grievance through SEBI Complaint Redress System (SCORES). SEBI issued circular No.CIR/OIAE/1/2013 dated April 17, 2013 for Redressal of investor grievance through SEBI Complaint Redress System (SCORES). Pursuant to the provisions of Section 15C of the SEBI Act, 1992 all listed companies are instructed to redress the grievances of the investors within 30 …
Relaxation of additional Fees and extension in last date in filing of various e-forms with MCA. The Ministry of Corporate Affairs (hereinafter referred to as “MCA”) has in continuation to its General Circular no: 03/2013, dated 08th February, 2013 and General Circular no: 07/2013, dated 20th March, 2013 has issued General Circular No. 08/2013 dated …
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