"11 October 2011" Archive

Claim of Succession should be beyond Any Reasonable Doubt – SC

Siddamurthy Jayarami Reddy (D) by LRs. Vs. Godi Jaya Rami Reddy & Anr (Supreme Court of India)

Hindu Succession Act, 1956- The plea, of the appellants, that Rami Reddy's family from the second wife and the testator's family was a composite family and the properties were joint family properties of the plaintiffs and the defendants, has not been accepted by the trial court as well as High Court. We have no justifiable reason to take ...

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Procedure for making application for Registration of Geographical Indications

Every application shall be made in the prescribed forms and shall contain the following : A statement as to how the geographical indication serves to designate the goods as originating form the concerned territory in respect of specific quality, reputation or other characteristics. The three certified copies of class of goods to which t...

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Posted Under: Corporate Law |

ICAI starts sending Admit Cards for November 2011 CA Examinations, Students can download online too

It is hereby informed that physical admit cards for the forthcoming November 2011 examinations have already been desptached by post. The admit cards with the photos and signatures of the candidates have also been hosted on www.icai.nic.in....

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Posted Under: Corporate Law |

Addition of Certified Filing Centres (CFC) under MCA 21 e-governance Project

The Ministry of Corporate Affairs, on the request of the Professional Institutes, decided to re-open the registration process of CFCs and decided to allow enrollment of more CFCs so that the involvement of professional in XBRL filing and peak filing can be expanded to a large extent. The registration process is re-opened for a period of 2...

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Posted Under: Corporate Law |

ICAI issues Instructions to examinees appearing in November, 2011 examinations

IMPORTANT NOTE: PCE (Professional Competence Examination) candidates should note the changed sequence of papers (as given in the time table printed on reverse of Admit Card) for November, 2011 examinations and that the examination for Group-I will commence on 2nd November,2011 and Group-II will commence on 06th November, 2011. Further all...

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Posted Under: Corporate Law |

Last date for receipt of the comments on Exposure Draft of Guidance Note-Cost Accounting Standards(CAS-4) has been extended upto 31st October, 2011

The Institute has already released the revised Guidance Note on CAS-4 and requested for comments / suggestions on the same upto 10th October 2011. Based on the request of the members it has been decided to extend the last date for submission of the comments up to 31st October 2011. The Draft is available on the website of the Institute i....

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Posted Under: Corporate Law |

100% FDI for new pharma ventures to continue

India will continue to allow 100% Foreign Direct Investment for new ventures in the pharma sector. The decision was taken at a high level meeting chaired by Prime Minister Dr Manmohan Singh to discuss the FDI policy in drugs and pharmaceutical sector held in New Delhi last night. An official release said, the move will facilitate addition...

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Posted Under: Corporate Law |

Notifications should not allowed to be missile attacks on budding industries

Shree Cement Ltd. Vs State of Rajasthan (Rajasthan High Court)

Another caveat on legislative practices, particularly subordinate legislation and executive policy decisions and the decision making process, which is amenable to judicial review by courts is that, it is high time that subordinate legislations in the form of notifications issued by Executive should give the preamble, context, brief reason...

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Interest subvention of 2% on rupee export credit with effect from April 1, 2011 to March 31, 2012 to Handicrafts, Handlooms, Carpet and SME sector

RBI/2011-12/215 DBOD.Dir.(Exp).BC.No.38/04.02.001/2011-12 11/10/2011

Government of India has decided to extend interest subvention of 2% on rupee export credit with effect from April 1, 2011 to March 31, 2012 on the same terms and conditions to the following sectors: Handicrafts, Handlooms, Carpet, Small and Medium Enterprises (SMEs)....

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Registration of Companies or LLPs which have one of their objectives to do business of architect

Notificcation No. 17/165/2011-CL-V (Pt.) 11/10/2011

I am directed to say that a number of representations have been received in the Ministry to the effect that the Registrar of Companies and the Registrar of LLPs are incorporating the companies and LLPs in contravention to the provisions of the Architect Act, 1972 that the Council of Architect (CoA). In terms of Sections 36 and 37 of the A...

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