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Trust in India's 'Growth Ambassadors' – 14 August 2019

India, in 2013, under the United Progressive Alliance (UPA) regime had enacted section 135 of the Indian Companies Act which prescribes that the companies having a net worth of Rs. 500 Crores or more, or turnover of not less than Rs. 1,000 Crores or net profit of Rs. 5 Crores or more in any financial year have to spend 2% of average net profits made during the three preceding financial years on Corporate Social Responsibility(CSR) activities. It is to be noted that any one of the above-mentioned criteria is to be met to fall under the ambit of CSR law. Five years down the line, under the ...

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PERSONALITY RIGHTS LAW IN INDIA 17 July 2019

With great popularity comes its own set of rights commonly known as personality rights. Personality rights are typically associated with people who have acquired status of being a celebrity and further seeks to prevent unauthorised use of the name, image, likeness, or some other identifying aspect of identity of a famous personality and including their right to privacy.Personality rights in India are protected under common law as well as under Article 21 of the Indian Constitution. Celebrities in India can invoke common law right to prevent unauthorised use of their image or personality by any other person. If any person without permission of a celebrity tries to give an ...

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ARBITRABILITY OF TORTS IN INDIA 18 June 2019

Arbitration is a creature of contract. Generally disputes relating to rights in personam are considered to be arbitrable and disputes pertaining to right in rem are non-arbitrable and are required to be adjudicated by a court of law. Some of the disputes that are considered to be non-arbitrable are Matrimonial disputes, matters relating to Guardianship, Testamentary matters, Insolvency matters, Criminal matters, matters relating to Charities or Charitable Trusts and Winding up of a company. This list is not exhaustive; however barring the above, most of the other disputes can be referred to arbitration and resolved through it. Expanding ...

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SC strikes down RBI Circular 17 May 2019

The Hon’ble Supreme Court in the matter of Dharani Sugar and Chemicals Ltd. vs. Union of India (“the Judgment”) on 2nd April 2019, quashed the much debated Circular of the Reserve Bank of India (RBI) dated 12th February 2018 on “Resolution of Stressed Assets –Revised Framework (the Circular). The Circular was introduced to substitute the existing framework for Revitalizing Distressed Assets in the Economy-Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP) with a more harmonized and simplified generic framework. However, the Supreme Court struck down the entire Circular on the grounds of it being ultra vires to Section 35AA of the Banking Regulation Act, 1949 ...

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NSEL scam - Brokers CONUNDRUM 10 January 2019

The National Spot Exchange Limited (NSEL) which was incorporated pursuant to the Government of India’s vision to create a single market across the country for both manufactured and agricultural produce, recently filed a criminal writ petition in the Hon’ble Bombay High Court, blaming the Government of Maharashtra for not taking action against the brokers and trading members in the NSEL scam amounting to Rs. 5,574 crore. The Hon’ble Court in this regard issued notice directing the State Government to attach the properties of the member-brokers.The Economic Offence Wing (EOW) of the Mumbai police had earlier arrested some officials of Anand Rathi Commodities Ltd, Geofin C...

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Integrating Foreign Investments in India 3 July 2018

For a country where capital is not readily available, Foreign Direct Investment (FDI) has been an important source of funds for companies. Under FDI, overseas money, either by an individual or entity, is invested in an Indian company. In India, foreign direct investment policy is regulated under the Foreign Exchange Management Act, 2000 governed by the Reserve Bank of India (RBI). Funds from foreign countries could be invested in India in shares, properties, ownership /management or collaboration. Based on this, Foreign Investments are classified as below:Foreign Direct Investment (FDI)Foreign Portfolio Investment (FPI) Foreign Institutional Investment (FI...

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BINANI CEMENT INSOLVENCY: 18 June 2018

The Insolvency and Bankruptcy Code, 2016 (hereinafter referred as “Code”), a legislation with dynamic features, underwent many key changes to benefit the process of insolvency. The central dogma, on which IBC is based, is to resolve a plan for a company inefficient to pay its creditors and to revive the company back to its normal track. The gaps in the law are filled through various interpretations by the judiciary and a precedent is set, which serves as the purpose of custom, (which are very well considered as one of the sources of law). The case of Binani cement, which underwent many ups and downs and legal tussles in the...

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Curbing the “CRYPTO” Assets 5 May 2018

“The Government does not consider cryptocurrencies as legal tender and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as a part of the payment system”. This announcement comes close to the observation by finance minister, in his last budget, wherein it was made clear that Indian Government does not recognize crypto currencies such as bitcoin and ripple, as legal tender and will take measures to eliminate their use for “illegitimate transaction” After series of warnings issued to investors again...

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DATA PRIVACY: 16 April 2018

The recent revelation from the data breaches has raised awareness about the absence of provisions governing protection of personal information in the digitized era. The issue highlighted was that the users gave deemed consent to use the information which was assumed to be irrevocable for free access on different platforms even though the potential use of personal data was not provided to them. The prevailing laws limit the use of personal data only for the purpose for which the data was provided. The Information Technology Act, in this regard provides protection of sensitive personal data, security practices and procedures to be followed by organisations dealing with sensitive personal da...

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A New Law to seize the assets 20 March 2018

The Union Cabinet has approved the Fugitive Economic Offenders Bill to deal with those who escape overseas after committing financial malpractices, and do not return to India to face prosecution proceedings even after an arrest warrant is issued. Subsequent to the approval by the Cabinet ministers the bill has been presented before the lower House despite several objections. The bill defines a fugitive economic offender as a person who has committed white-collar crimes , has an arrest warrant issued in respect of a scheduled offence, have fled the country to evade, or refuses to return to India to face the Indian legal process. The bill also makes a provision of sett...

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WELL KNOWN MARK: 9 January 2018

The Trade Marks Rules, 2017, has -implemented certain significant changes in the procedural aspect of declaring a trademark to be a well-known mark by way of filing a request before the Trade Marks Registry alongwith supported documents in the form of statement of case and an official fee of INR One hundred thousand ( One Lakh). The Office of Controller General of Patents, Designs and Trade Marks (CGPDTM) has also issued notifications elucidating the process of submitting the evidences showing the use of trademark, existing and potential customers for goods/services available under trademark, the duration, extent and geographical area of use of the mark, judicial pronouncements wherein trade...

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CRUCIAL ROLE OF LEGAL AUDIT 24 November 2017

The fundamental idea lying behind the concept of Legal Audit is that “Prevention is better than cure”. One should work to hinder something erroneous from happening rather than trying to combat it later. Legal Audit is a risk management tool which works on the same principle. Legal audit is a litigation management practice which lays the groundwork for the establishment, of an ongoing legal compliance and prevention program in order to ensure that the company's goals and/or objectives, structure and ongoing operations are consistent with the latest developments in business and corporate law.

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Register the trademark as “Well Known” 26 October 2017

In a significant development to improve India’s intellectual property regime, rules for registering trademarks have been simplified. This is a step in the right direction as it would boost the ease of doing business.Now you can register the trademark as “Well Known” and Save potential litigatio...

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RECENT JUDICIAL PRONOUNCEMENTS IN IP 14 September 2017

The topical increase in the issues relating to infringement of the intellectual property has burdened the Courts to address these with the insistence on the regulatory framework provided and procurement of public trust. The Intellectual Property (IP) can be bifurcated into categories which include- patents for inventions, copyrights for literary works, trademarks and trade secrets. For bringing progressive changes in the free market, liberalization of the international trade practices and commitments to the World Trade Organization (WTO) under the Trade Related Intellectual Property Rights (TRIPS), Courts delve upon progressive aspect for attaining paradigm shift in creation, promotion and p...

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Right to Privacy declared as a Fundamental Right 24 August 2017

In a landmark judgment that will impact the lives of 134 crore Indians, a nine-judge Supreme Court Constitutional bench declared “ Right to Privacy a Fundamental right”. Delivering a unanimous verdict, Supreme Court overruled the earlier eight-judge bench judgment in MP Sharma case in 1958 and six-judge bench judgment in Kharak Singh case in 1961 -- both of which had ruled that privacy is not a Fundamental Right. The important aspects with respect to Right to Privacy are as follows:• The Right to Privacy is an element of various legal traditions to restrain government and private actions that threaten the...

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Judicial Dichotomy 23 August 2017

The recent judicial pronouncement of the Supreme Court in the case of Excel Crop Care Ltd. vs. Competition Commission of India (CCI) & Ors., embarked upon the issues relating to anti-competitive practices by the formation of a cartel in the tender allotment by the Food Corporation of India (FCI). The Apex Court upheld the decision of the Competition Appellate Tribunal (Compat) that the penalties imposed by the Competition Commission of India (CCI) on the companies- Excel Crop, United Phosphorus and Sandhya Organic Chemicals; should only be on the ‘relevant turnover’ pertaining to the dispute and not subject to their overall turnover. The decision was rendered pe...

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GST - its impact on Trademark 17 August 2017

Shortly after the Goods and Services Tax (GST) was enacted on July 1, 2017, the Ministry of Finance informed that 5 % will be charged on “branded items”. The Ministry intended to clarify the definition of “branded” after confusion arose since several unbranded food products are exempt from GST while their registered counterparts are being charged at 5 % GST.Under the new law, Central Goods and Service Tax (CGST) is exempt on the supply of certain goods, such as chana or paneer, natural honey, wheat, rice and other cereals, pulses, flour of cereals and pulses, other than those put up in unit containers and bearing a registered brand name. However, the su...

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FIPB Abolished 29 June 2017

The 24th of May, 2017 was a turning point in the history of Foreign Direct Investment (FDI) of India as it was the day when the 25 year old Foreign Investment Policy Board (FIPB) was abolished, resulting in the alteration of the FDI procedure in India. The FIPB was set up under the Prime Minister's Office after India was liberalized in 1991.FIPB was an inter-ministerial body under the Department of Economic Affairs of the finance ministry responsible for managing foreign direct investment (FDI) proposals and recommending for approval to the fi...

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RERA- A Revolution 17 May 2017

The Central Government has enacted The Real Estate (Regulation and Development) Act 2016 for regulation and promotion of the real estate sector, for protecting the interest of the consumers purchasing any plot, apartment or building and to ensure that the transactions take place in an efficient and transparent manner. This Act came into force from 1st May 2017. Maharashtra Government has constituted Maharashtra Real Estate Regulatory Authority and has also notified the Rules and Regulation under this Act. This act applies to any person, who is constructing a building or apartments for the purpose of selling, or developing a land for the purpose of selling and i...

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Summons through Whatsapp 9 May 2017

In a first, Justice Gautam Patel of Bombay High Court has stated that when the purpose of service is to put the other party to notice and to give him a copy of the papers, then the mode is surely irrelevant. This was stated in a copyright infringement case wherein the Plaintiffs practically tried all methods to serve the summons upon the Defendants, who were discreetly evasive. Eventually, they got hold of the contact number of the Defendant and sent him the summons through Whatsapp. The Defendant received the same and replied, “I didn’t understand anything, will check with my legal team and I’ll text you ...

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Copyright Infringement after all? 24 April 2017

India’s Best Dramebaaz vs. Sabse Bada KalakaarThe Bombay High Court has refused to grant relief to Zee Entertainment Enterprises Ltd. which claimed that Sony Pictures Networks India Pvt. Ltd.’s show “Sabse Bada Kalakaar” has been copied from Zee’s show “India’s Best Dramebaaz”, a popular talent hunt show focusing on children aged 5-12.Zee had claimed that Sony had infringed its copyright over its production bible and concept note. A...

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New Trade Marks Rules, 2017 11 April 2017

The Department of Industrial Promotion and Policy has introduced the Trade Marks Rules, 2017 which has been brought into effect from March 6, 2017. The new rules have replaced the erstwhile Trade Marks Rules, 2002. The newly introduced rules have brought with itself a plethora of changes and amendments, so as to speed up as well as simplify the process of registering a trademark. Whereas the previous trademarks rules had as much as 74 forms for every kind of application, the new rules have implemented a comprehensive procedure wherein the number of forms have been drastically reduced to 8, with sub-categories in each of the 8 forms. 

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Employment in India 1 March 2017

India is one of the fastest growing developing countries in the world, India has the potential and scope for exponential growth in the future and this has been identified by the various countries in the world. With increase in globalization and open borders there has been an increase in interest in India from everywhere around the world. A lot of services and manufacturing industries are investing heavily in India over the past few years and will continue to do so. Growing interest in doing business in India has seen a rise in the number of foreigners traveling to India. Indian laws do not have restrictions on the number of foreign nationals that can work or do busin...

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JUSTICE DELAYED IS JUSTICE DENIED 16 February 2017

This sums up our judicial system as a whole. It has now become a matter of fact that our Judicial System is anything but perfect and the mere fact that procedural delays and erred judgments have ceased to surprise anyone, whether in the legal fraternity or not, just goes to show how worrisome the current scenario is. The subject matter of many lawsuits throughout the country is ‘dishonour of cheque’ or ‘cheque-bouncing’. These cases are governed by Section 138 of the Negotiable Instruments Act, 1881. Although traditionally, such a case would call for recovery of money through a civil lawsuit, a case filed under the said section would constitute a crim...

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NCLT: CHANGING DIMENSIONS 26 December 2016

The concept of establishing a separate judicial body dealing with various activities of companies in India was first introduced in the year 2002, by an amendment in the then Companies Act, 1956 following the suggestions of the Eradi Committee. Due to some shortcomings, in the amendment, JJ Irani Committee was formed for suggesting reforms in the previous Act and for the enactment of a new Company Law and consequently, National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) were created under the Companies Act, 2013 to handle all the corporate civil disputes arising under the Act. The constitution of NCLT and NCLAT is a paradigm shift with t...

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DEMONETISATION - Emergence of New India 29 November 2016

On 8th November 2016, Prime Minister Narendra Modi announced that all currency notes in denominations of Rs. 500 and Rs. 1000 would be rendered illegal in the country with effect from midnight. The move proved to be a surprise as citizens had only 4 hours to react to the PM's statement. In his televised address to the nation, PM Modi said that people holding notes of Rs. 500 and Rs. 1000 can deposit it in their bank and post office accounts from 10th November till 30th December 2016.When 86% of currency notes in a country of 1.3 billion people are rendered illegal in a matter of hours, it is bound to create short-term disruptions in daily lives. This bold move had taken the nation ...

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International Publishers Lose suit 23 September 2016

The Delhi High Court have recently dismissed the suits by a group of international publishers Oxford University Press, Taylor & Francis Group and Cambridge University Press against the sale of photocopied books and course material in Delhi University, a verdict likely to have a wide-reaching impact on copyright laws in India. In August 2012, the international publishers Oxford University Press, Taylor & Francis Group and Cambridge University Press petitioning the court with a suit for copyright infringement by a licensed vendor called Rameshwari Photocopy Shop which is in the campus of Delhi University. The international publishers alleged that the shop was violati...

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“Get alarmed- Few checks on your Builder- 22 September 2016

As it is very well said “An ounce of prevention is worth a pound of cure”. Looking at the rising cases of default on the part of the builders, it is advisable to take precautionary measures before buying any property. In order to facilitate effective and efficient process of buying property, it is worthwhile to keep a few checks on the developer- 1. Appointment/Selection of Builder -The first and the foremost check that needs to be done by the people is of selecting the builder/approval. The bank provides a pre-approved list of developers which has been approved by a minimum of 3-4 recognized major banks. It is always advisable to choose from the list of approved ...

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CLASS ACTION SUITS 25 August 2016

For protection of investors various tools have been used in legislation over the years. The old Companies Act, 1956 had detailed provisions regarding Oppression and Mismanagement which was to protect the interest of minority shareholders against the oppressive acts of the management. The Western Countries however have over the years laid down provisions for Class Action Suits which is an effective way of redressal mechanism for the investors in case of violation of their rights by the management of the Company. The concept of Class Action Suit is new in India; however the same has been in existence in foreign countries over years. Class Action Suits have recognition in the United States of A...

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Copyrighting your Blog 15 August 2016

With the coming up of social media marketing, many entrepreneurs have started promoting their goods and services by writing blogs. However, many a time’s competitors copy the content of the blog writer and portray it to be their original advice or opinion. It order to prevent such practices, we shall see how one can copyright their blog writings. 1. Whether the content on my blog is protected by Copyright Law? Yes. Copyright Law confers a bundle of rights to creators of literary, dramatic, musical and artistic works and producers of cinematograph films and sound recordings. In respect of literary works, the author has the exclusive ...

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Stitching up the gaps 30 June 2016

East Asia has witnessed economic prosperity going hand in hand with speedy expansion in apparels exports in the early stages. Focus of ‘English East India Company’ on the trade of Indian cotton and silk made it one of the richest and powerful corporations in the 18th century. Today, India has the second largest manufacturing capacity in textiles globally that accounts for 13% of the world’s production of textile, fiber and yarn.Indian textile industry has always acted as a supporting factor in maintaining global trade relations. This industry is the second largest source of employment in the nation after agriculture & any allocation to it has a multiplier effect...

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Aviation Revamps 29 June 2016

Latest Foreign Direct Investment (“FDI”) reforms have made India the most open economy in the world in terms of FDI. Following are some of the important FDI aspects in the field of aviation:• Only non-airline foreign investors will be allowed to bring 100% FDI in local carriers;

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GST : A Better Trade Regime 17 June 2016

All the stakeholders are eagerly waiting for the monsoon session of the Parliament to commence having a hope that the expected Constitutional (122nd Amendment) Bill, 2014 on Goods & Service Tax (“GST”) will be passed, paving the way for GST in India.Presently there are endless indirect taxes in the system out of which some of them are levied by the Centre and rest is levied by the States. There are many shortcomings in the Present Indirect Tax structure. All these shortcomings lead us to adapt a new system of Taxation of Goods &...

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Establishing IP Regime 2 May 2016

The digital age, where media can be shared and distributed like never before, has reduced physical barriers, including National borders, and the US and India are arguably the world’s leading influencers of this process. Music, film and literature are of a prime importance to both, consumers and the artists who derive their livelihood from them. One of the major challenges we face in the digital age is protecting Intellectual Property of our innovators and making sure they are being rewarded for their contributions, which would ensure that the future generations enjoy the art forms as rich, diverse and creative.Earlier this year, Prime Minister Modi emphasized upon the importance of In...

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The Commercial Courts Act, 2015 12 April 2016

The Make in India wave gripped the nation at a time when India was receiving a lot of flak for having an over burdened legal system plagued by inordinate delays in delivery of justice. Major dent to the image has been caused with regards to non enforcement of contracts, difficulty in recovery of monetary claims and for not receiving award of compensation for damages suffered. For instance, in the White Industries Case, India was found guilty of violating the India-Australia bilateral investment treaty for the delay caused in resolving the dispute in a timely manner.The Government of India provided the much required nudge by enacting two Acts namely the Arbitration & Conciliation Act...

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Silver Jubilee of Liberalization: 17 February 2016

July 24, 1991. Mr. Manmohan Singh, the then finance minister of a newly elected Congress Government made his inaugural budget speech against the backdrop of a financially weakened and a politically instable country which was glancing at an unprecedented foreign exchange reserve crisis. Little did everybody know that this speech would result in a revamp in the nation’s economy and emancipating the misfiring set of regulations thereby asserting clearly to the world that India has seen the dawn of Liberalization. These reforms ushered in fresh vigour and gave a much needed thrust to elevate and revitalize the economy. On the adve...

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PPPs on the Front Foot 12 January 2016

In today’s scenario, the role of Infrastructure acts as a magnet for attracting enormous interest from foreign players spreading a profound impact in shaping the face of nation globally. The Infrastructure sector in India is traversing through one of its most exponential phases today. The Government of India is actively striving towards stimulating flow of investment in the country. For the past few decades, both government as well as private enterprises were targeting in maximizing economic benefit together as a direct outcome of the prevalent macroeconomic policies of the Government. Public Private Partnership gives a huge opportunity for private sectors to participate in the infrastruct...

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Companies Act 2013, IS IT ABSOLUTE 16 November 2015

The Companies Act 2013 was passed, having superfluity of anticipation pro bringing in reformation in corporate legislation. Now the question is, has the modified act done justice to those anticipations? To give a short over view, The Companies Act, 2013 consists of 470 sections, 7 Schedules and 29 chapters. It is undoubtedly much apt and precise than its precursor i.e. The Companies Act, 1956 which comprised 658 Sections and 15 Schedules. Though the 2013 Act is short and precise, the execution of majority of its sections was done through the rules framed under it. As a result, there are currently 22 rules complementing the Act, which actually brought the Act into subsistence and made it...

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Indian Agriculture in Crisis! 5 November 2015

The last two years have seen consecutive droughts across the country. While last year’s monsoon rainfall was deficient by 12% compared to the long period average, this year’s deficit was a more alarming 14%. Growth of the agricultural sector in the GDP has been continuously decreasing as well, from a 3.7% in 2013-14 to 1.1% in 2014-2015. The growth this year can be expected to be even lower. In this context, it is important to understand the magnitude of such failure since the sector involves the largest number of people in the country, especially the economically weaker. Research shows that a 1% growth in agriculture can be 2 to 3 times more effective in the reduction of poverty than th...

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Crowd Funding 16 September 2015

Abstract The new found popularity of Crowd Funding or as per SEBI the way of solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project, business venture or social cause, is a result of current drive of startups and the after effect of the financial crisis. However, as of now there are no laws specifically regulating crowd funding, but a consultation paper was issued by SEBI discussing the probabilities of regulation the crowd funding but the same has been kept into backdrop of SEBI for a year now. Thus Crowd Funding cannot be called a legal method of fund raising but it’s also not illegal. ...

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NO BAN ON YOUR FAVOURITE TWO MINUTE NOODLES! 1 September 2015

The Apex Court has ruled in the favour of Maggi lovers and various packaged food items. Maggi which is a staple diet of the youngsters was banned as it was declared unfit for consumption. But soon after the ban, the Supreme Court questioned the procedure followed by the Food Security & Standards Authority of India (FSSAI) regarding the product approval advisories issued by them. This ruling by the court could give Nestle the confidence to challenge FSSAI’s arbitrary process of product approval. Various packaged food companies and FSSAI have shared a very prickly relationship from a very long time. It pertains mainly to proprietary foods where a lot of product approvals are held ...

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Revolutionary boost in India’s energy sector 29 August 2015

Aiming to make a bright vision for India’s energy sector in line with the goal of nation building, Indian government policies have adopted a view towards development of renewable energy resource like solar power. The energy sector is the main pillar in accelerating India’s economic growth. India has taken a noteworthy step forward in implementing its green growth agenda by increasing its installed capacity of solar power. One of the major policies of Prime Minister Narendra Modi to transform India into a global manufacturing hub is “Make in India”. While this initiative is a boon and covers almost every sector, solar also finds a place in it. Our respected Prime Mi...

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How to fight your bank in a court of law 30 July 2015

Nayana Buch, a Mumbai-based advocate, used an HSBC credit card to pay Rs.30,559 for car repair at a fuel station in 2009. The London-based bank added Rs.858.70 as fuel surcharge in the bill. Buch questioned this as the transaction was not for purchase of fuel. She, however, paid the bill and requested the bank to refund the excess or adjust the amount in the next bill. The bank maintained that fuel surcharge was applicable to all transactions done at a fuel station regardless of whether it is to buy fuel or otherwise. Buch sent a legal notice to the bank’s nodal officer. To her dismay, HSBC said that the disputed amount had not been paid and demanded penal charges of Rs.4,848.80 for...

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e-JUSTICE 22 July 2015

“Law and order exist for the purpose of establishing justice and when they fail in this purpose they become the dangerously structured dams that block the flow of social progress.” -Martin Luther King, Jr. As we know justice delayed is justice denied, Indian courts need to become more transparent and accountable in their working process.  Many countries around the globe record their court room proceedings. Fortunately, Calcutta High Court has set a precedent by recording the proceedings of a matter. Video recordings of the proceedings promote accountability and ensure transparency in the justice system. In various cases we have seen cont...

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FROM RED TAPE TO RED CARPET 21 July 2015

  The new government with its innovative reforms is trying its best to revive the economy. India has become a business friendly market for international investors, attracting new capital inflows. The Modi government through its various initiatives is implementing diverse ways to ease the business process in India. To boost the economy the government has taken following measures: Requirement of common seal for companies removed Minimum paid-up capital criterion for registration of firms removed Requirement of filing declaration of commencement of business removed Single step incor...

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Not a boil of 2 minutes, Maggi in deep waters! 12 June 2015

More than 10 states of India have imposed a ban on the sales of the Maggi brand of instant noodles, owned by Swiss multinational Nestle, after scare involving reports of higher than permissible levels of lead and monosodium glutamate. A nationwide recall of Maggi packets has been issued - the first of its kind - by the Food Safety and Standards Authority of India, or FSSAI. Nestle itself beat the regulator to the draw, recalling packets of Maggi a few hours before the government notice on Friday - although the company insisted that Maggi was, in fact, perfectly safe to eat. Meanwhile, the consumer affairs department has said it will seek damages in consumer court from Nestle on ...

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Towards a positive IP mindset 11 May 2015

“Today, progress comes from the perfect protection of intellectual property”   -Lawrence Lessig The twenty-first century will be the century of knowledge, indeed the century of the intellect. A nation’s ability to translate knowledge into wealth and social good through innovations will determine its future. Intellectual property can be characterized as the property in id...

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