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Archive: 18 April 2023

Posts in 18 April 2023

Evergreening or layering of patent protect is impermissible under Indian Patent Law

April 18, 2023 1470 Views 0 comment Print

Delhi High Court held that filing of multiple patent claims in respect of the same invention amounts to evergreening or layering of patent protection, which is impermissible under the Indian Patent Law.

Issues Arising Between GIG, Platform & Unorganised Workers Definition in Social Security Code, 2020

April 18, 2023 3570 Views 0 comment Print

A gig worker is someone who participates in a work arrangement and receives payment for it outside of a traditional employer-employee relationship, a platform worker is someone who performs platform work, and an unorganized worker is someone who works from home, is self-employed or is paid in the unorganized sector according to section 2(86) of the new bill.

Treatment of supply of ballast and chips subject to 4% Sales tax in Odisha

April 18, 2023 1302 Views 0 comment Print

Orissa High Court held that treatment of supply of ballast and chips and deduction of incidental charges from gross turnover is decided in favour of assessee in D.K. Construction case i.e. supply subject to 4% tax, accordingly, Assessing Authority directed to re-compute the tax liability based on observation in D.K. Construction case.

Denial of annual increment to government servant merely because of his retirement on next day is unjustified

April 18, 2023 2610 Views 0 comment Print

Supreme Court held that the annual increment to a government servant which he has earned for the services he has rendered over a specified period subject to his good behavior cannot be denied merely because of his retirement on the very next day.

Export is not a condition precedent to constitute Zero Rate sale under TNVAT

April 18, 2023 1131 Views 0 comment Print

Madras High Court held that export of goods is not a condition precedent or sine qua non to qualify as a Zero Rate sale as long as the sale falls within clause(ii) of Section 18 (1) of the Tamil Nadu Value Added Tax, 2006 (TNVAT).

Procedure of Strike off of Company

April 18, 2023 6555 Views 0 comment Print

Explore the step-by-step procedure for striking off a company under Sections 248 to 252 of the Companies Act, 2013. Learn about the grounds, ways, and liabilities involved in the striking off process. Whether initiated by the Registrar of Companies (ROC) or the company itself, understand the detailed process, obligations, and implications for directors, managers, officers, and members. Stay informed about the legal provisions and considerations for the removal of names of companies from the Register of Companies.

Analytical Review – Purpose, Types, & Example

April 18, 2023 5058 Views 0 comment Print

Explore the purpose, types, and examples of Analytical Review in financial auditing. Understand how auditors use analytical procedures to ensure accuracy in financial statements, including ratio analysis, trend analysis, and real-world examples. Stay informed on the vital role analytical review plays in risk assessment and substantive audit procedures.

The National Company Law Tribunal: More Than Just a Debt Recovery Tool for Creditors

April 18, 2023 3738 Views 0 comment Print

Uncover the multifaceted role of the National Company Law Tribunal (NCLT) beyond debt recovery, exploring its significance in fair and efficient resolution of corporate disputes under the Insolvency and Bankruptcy Code (IBC). Delve into key provisions, court interpretations, and the NCLTs crucial role in promoting resolution over liquidation for distressed corporate debtors. Stay informed on the evolving landscape of insolvency laws in India.

Is it better to open a bank account online?

April 18, 2023 972 Views 0 comment Print

Nowadays, there is more than one way to open a bank account. However, before the advent of net banking services, you would have had to visit the bank physically in order to open an account.

CIRP application rejected as alleged default falls under the purview of section 10A of IBC, 2016

April 18, 2023 1197 Views 0 comment Print

NCLT Mumbai held that as date of default is beyond 25th March 2020, the default as alleged by Operational Creditor falls under the purview of Section 10A of the IBC, 2016 and hence application seeking initiation of CIRP rejected.

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