News
Copyright and the human right to protection of authorship
23 March 2015
The UN Special Rapporteur in the field of cultural rights has submitted a report on ‘Copyright policy and the right to science and culture’.
CCI order on abuse of dominance quashed
19 March 2015
The Competition Appellate Tribunal (COMPAT) has set aside the order of the Competition Commission of India which had found abuse of dominance reasoning that information downloaded from the net and similar other material as relied upon by the Commission do not have any evidentiary value.
Implied exclusion of Indian laws under an arbitration agreement
19 March 2015
The agreement stipulated that the contract is to be governed and construed according to the English law in the arbitration clause. No other clause stating the applicable law was included in the agreement.
Loans and advances by company to employees clarified
19 March 2015
The Ministry of Corporate Affairs has clarified that loans or advances made by the companies to their employees, other than to the managing or whole time directors (which is governed by Section 185) are not governed by the requirements of Section 186 of the Companies Act, 2013.
Budget 2015 – Penalty provisions relaxed in Excise and Customs
01 March 2015
Finance Bill 2015 introduced in the Lok Sabha (Lower House of the Indian Parliament) today on 28-2-2015, has proposed certain relaxations in respect of penalty provisions under Central Excise and Customs Laws.
Budget 2015 - Major changes proposed in Direct Tax
01 March 2015
The Finance Minister presented the Finance Bill, 2015 today. While no major relief has been announced on personal taxation, corporate taxes are proposed to be rationalised in a phased manner to bring down the rate of taxation
Validity of trademark can be questioned in infringement suit
22 January 2015
Court can go into the question of validity of registration of the plaintiff's trade mark at an interlocutory stage when the defendant takes up the defence of invalidity of the said registration in an infringement suit.
No wish to infringe
22 January 2015
The new year witnessed, aptly perhaps, a decision on trademark infringement proceedings which was triggered by exchange of a Christmas card between the general counsels of the opposing parties.
SEZ – Dual use of infrastructure permitted in non-processing area
20 January 2015
Ministry of Commerce and Industry has allowed dual use of non-processing area in the Special Economic Zones with effect from 2-1-2015.
New Insider Trading Regulations notified
20 January 2015
Securities and Exchange Board of India has notified new set of regulations, to put in place a framework for prohibition of insider trading in securities.