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Archive: August, 2011

Posts in August, 2011

126102 Trade mark Disputes are under opposition and pending and 8183 files are missing

August 8, 2011 597 Views 0 comment Print

Pending Trademark Disputes The number of trademark dispute applications/files, which are under opposition and pending in the various offices of the Trade Marks Registry, is as under:-

FM – Our Economy can Address Concern Out of Recent Delevements in USA & Eurozone

August 8, 2011 717 Views 0 comment Print

The Union Finance Minister Shri Pranab Mukherjee said that the recent developments in the US and Eurozone have injected certain uncertainty in global markets. The Finance Minister said that these developments could have some impact on our economy as well. But Shri Mukherjee assured that India’s growth story is intact and its fundamentals are strong. The Finance Minister Shri Mukherjee said that we are in a better position than many other nations to manage this challenge.

Recommendations of Supreme Court about Tribunals

August 8, 2011 1195 Views 0 comment Print

The Government has informed the Rajya Sabha that it is seized of the matter arising out of the judgement of the Supreme Court delivered on 11.05.2010 in the Civil Appeal No. 3067 of 2004 (Union of India Vs. R. Gandhi ) wherein the Court has affirmed its observations made in L. Chandra Kumar’s case (1977) 3 SCC 61 that uniformity in administration of tribunals may be brought in and there is a need of a nodal authority to oversee the functioning of tribunals and authorities set up by the Central Government.

ICAI issues clarification on filling of Roll Number in IPCE and CA Final Examination Form

August 8, 2011 2070 Views 0 comment Print

Integrated Professional Competence Examination (IPCE)/Final examination- November 2011 Application Form – IPCE/Final examination application forms for November 2011 examination provide for filling in passing details of PEE II/ PCE/IPCE examinations. Such details include the date/month/year and roll number of the earlier examinations passed.

CA Final November 2011 Examination Application Form – Clarification on error

August 8, 2011 2044 Views 0 comment Print

Final examination- November 2011 Application Form – It is seen that Point 1.2(iv) of the eligibility criteria on Page no 1 of the Final examination form for November 2011 contains an error which has crept in inadvertently, through oversight

RBI Statement on Recent Global Developments

August 8, 2011 625 Views 0 comment Print

Developments relating to the US economy last week have significantly increased uncertainty about its prevailing condition. A sharp fall in US equity markets on Thursday was followed by a downgrade in the long-term US sovereign rating by rating agency Standard & Poor’s from AAA to AA+ with negative outlook on Friday.

Taxability in respect of International Private Leased Circuit (IPCL) charges and amendment in the definition of Telegraph Authority u/s 65 (111) of the Finance Act, 1994

August 8, 2011 1152 Views 0 comment Print

Representations have been received seeking clarification regarding taxability of IPCL charges incurred in foreign currency by BPO/MNCs against receipt of services from the service provider situated outside India/group companies under reverse charge mechanism [Section 66A of the Finance Act, 1994 read with Rule 2 (1) (d) (iv) of the Service Tax Rules 1994].

ROC may ask company to make good the default in filing from No. 8

August 8, 2011 2417 Views 0 comment Print

In the instant case, the respondent-company failed to file Form No. 8 with the concerned RoC. Therefore, the RoC, is directed to exercise his powers under section 234(1) by calling information with regard to filing of Form No. 8 and direct the respondent-company to make good the default in non-filing of e-form No. 8 under section 125. In case the respondent-company fails to comply with the order, the RoC may take appropriate action against the respondent-company in accordance with law.

Opening of ‘Small Bank Account’ – NREGA job card and letters issued by the UIDAI can be treated ac KYC documents

August 8, 2011 3075 Views 0 comment Print

The Notification has also expanded the definition of ‘officially valid document’ as contained in clause (d) of Rule 2(1) of the PML Rules to include job card issued by NREGA duly signed by an officer of the State Government or the letters issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number. RPCD.CO RRB.AML.BC.No.15 /03.05.33(E)/2011-12

Trade Restrictions by WTO

August 8, 2011 759 Views 0 comment Print

The draft proposals being negotiated in the World Trade Organisation (WTO) for agricultural trade liberalisation include several special provisions for developing countries. These include, inter alia, lower tariff cuts than those to be undertaken by developed countries, self-designation of Special Products that would take lower or no tariff cuts and a Special Safeguard Mechanism that would allow imposition of an additional duty in the event of a surge in import volumes or a fall in prices.

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