Month: May 2013

Legal Jargon

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 …

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Lets Analyze

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 …

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NOVARTIS AG. V/S UNION OF INDIA & OTHERS

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 …

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Insight on Code of Conduct for Prevention of Insider Trading

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that, no insider shall deal in securities on his own behalf, or on behalf of someone else, while in possession of unpublished price sensitive information …

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RESERVE BANK OF INDIA (RBI)

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. …

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SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

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 …

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Ministry of Corporate Affairs

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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