Increase in FII debt limit in Government & Corporate Debt Category: Government vide press release dated November 18, 2011 has decided to: a. Increase the current limit of FII investment in Government Securities by US $ 5 billion raising the cap to US $ 15 billion. The incremental limit of US $ 5 billion can […]
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Word: Ignorantia juris non excusat Meaning : “Ignorantia juris non excusat” is a Latin Legal term that means “Ignorance of the law is not an excuse.” This means that persons who violates the law cannot claim ignorance as an excuse for why they committed a crime. Pronunciation: Ignoran+tia+ Juris+ non+ excusat Word: alienation Meaning :
The 15th Foundation Day of R & A was celebrated with pomp and grandeur at the Chiran Fort Club, Hyderabad on 23rd October, 2011. The past president of the ICSI, Shri D Hanumantha Raju, was the chief guest on this special occasion. Mrs Rashida Adenwala delivered the Welcome address followed by some impromptu sharing by
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As per the extant regulations, Foreign Direct Investment (FDI) is allowed in Companies incorporated in India, Partnership Firms, Proprietary concerns and Trusts either under Automatic route or with the prior approval of Government as applicable terms and conditions permit. A Limited Liability Partnership (LLP) is a partnership in which partners have limited liability. LLP is
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SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011: SEBI in continuation of the circular No SEBI/CFD/DCR/SAST/ 1/2011/09/23 dated September 23, 2011 has issued a circular bearing No. CFD/DCR/SAST/2/2011/10/20, dated 20-10-2011,specifying the formats for disclosures under Regulation 29(1) and (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Amendments to the Equity, IDR
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S. No. Compliance Form to be filed Relevant Law Due date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th November 2. Payment of service tax collected to the department GAR 7 Service Tax Rules, 1994 5th November 3. Profession Tax Monthly Return Form V Andhra Pradesh Tax on Professions, Trades, Callings and
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Warner Bros. Entertainment Inc. and Anr. Vs. Harinder Kohli and Ors. – Decision by Delhi High Court The plaintiff (Warner Bros. Entertainment Inc) was an American producer of film and television entertainment, and had obtained rights for featuring film adaptations of Harry Potter Novel. Harry Potter is a well known novel, written by British Author
The yardstick for determining the infringement of trademark differs from case to case. Read More »
Bhopal Gelatines (P) Ltd V/s. Bhopal Glues and Chemicals (P) Ltd – Decision by Madhya Pradesh High Court, on 26th July 2011 The petition under Section 394 of the Companies Act, 1956, was filed seeking sanction of Madhya Pradesh Court (Court) with regard to a composite scheme of arrangement (scheme) whereby the undertaking of the
Purpose: To prohibit holding property Benami and restrict the right to recover or transfer such property. Background: Under growing attack over corruption and black money, the Union Cabinet on 21st July, 2011, approved the proposal for the enactment of a new legislation in the form of the Benami Transactions (Prohibition) Bill, 2011 to replace the
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Word: Caveat Meaning : Caveat is a Latin expression which means “let him or her beware” or a warning; a note of caution or a legal notice to a court or public officer to suspend a certain proceeding until the notifier is given a hearing. Example: The main caveat is making sure you have enough