News
Job work – Finance Ministry waives GST Form ITC-04 for July 2017-March 2019
02 September 2019
2nd September 2019 Indian Ministry of Finance has waived the requirement of filing GST Form ITC-04 under Rule 45(3) of the Central Goods and Services Tax Rules, 2017, for the period July 2017 till March 2019. This form is required to furnish d
India relaxes FDI policy for single brand retail, coal mining and contract manufacturing
29 August 2019
29th August Indian Union Cabinet has on 28-8-2019 approved major proposals for relaxation in Foreign Direct Investments (FDI) policy relating to Single Brand Retail Trading (SBRT), coal mining and sale, contract manufacturing in India, and for uploading spec
Trademark in name of company – Use in a hologram not amounts to use any differently
26 August 2019
26th August The Delhi High Court has held that usage of a word mark in the hologram by the defendant would not amount to use of the word any differently from that of plaintiff. The Court also noted that registration of word ‘TOASHA&rsquo
Use of same word in company name – Remedies available under both Companies Act and Trademarks Act
26 August 2019
26th August In a case involving use of word ‘Aglow’ in the corporate name also by the defendant, the Bombay High Court has granted permanent injunction against the defendant. It observed that the defendant had no apparent reason fo
Pharma patent – No interim injunction unless opinion on 3 elements and some additional feature
26 August 2019
26th August The Delhi High Court has held that it is not possible to apply an across the board approach to all cases of alleged infringement of patent, particularly pharmaceutical patent, where as a matter of routine at first hearing there would be grant of
Mergers and Acquisitions - MCA clarifies on ‘Appointed date’ for s.232(6)
22 August 2019
22nd August 2019 Ministry of Corporate Affairs has clarified that companies may choose any specific calendar date or a date tied to occurrence of any event like date of grant of license, or fulfillment of preconditions, agreed upon by parties for
Combinations – CCI amends its regulations to provide for green channel approvals
19 August 2019
19th August Competition Commission of India (CCI) has amended its CCI (Procedure in regard to the transaction of business relating to Combinations) Regulations, 2011 to provide for approval of certain specified combinations under Green Channel.
Income Tax - Monetary limits for departmental appeals before ITAT, HC and SC revised
09 August 2019
9th August Ministry of Finance has enhanced the monetary limits for filing income tax appeals by Revenue department before ITAT, High Courts and Supreme Court. According to CBDT Circular No. 17/2019, dated 8-8-2019, Revenue department wo
External Commercial Borrowing (ECB) Policy – RBI eases end-use restrictions
31 July 2019
31st July 2019 In order to further liberalize the External Commercial Borrowings (ECB) framework, the Reserve Bank of India has relaxed the end-use restrictions. Eligible borrowers would be able to raise ECBs with a minimum average maturity pe
IBC - Counterclaim against corporate debtor when need not be stayed
29 July 2019
29th July 2019 In a case involving a claim by plaintiff (corporate debtor) and counterclaim by the defendant for the same transaction, Delhi HC has held that both claims ought to be adjudicated comprehensively by the same forum. O