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Lawyersclubindia News


Law ministry not to vet Bill in present form

   10 July 2008 at 15:39

The central universities draft Bill has run into trouble, with the Union Law Ministry refusing to vet it in the present form.After the Law Ministry recently returned the Bill to the Human Resource Development (HRD) Ministry with certain objections an ..

Posted in Civil Law |   357 Views


Government approves 28 FDI proposals worth Rs.13.27 billion

   10 July 2008 at 15:39

The government has approved 28 foreign direct investment (FDI) proposals totalling Rs.13.27 billion including global retail major Marks and Spencer’s proposal for 51 percent foreign direct investment in single brand retail business. “Based on the rec ..

Posted in Corporate Law |   291 Views


RBI makes exchange of damaged currency notes hassle-free

   10 July 2008 at 15:39

Exchanging soiled and damaged currency notes with fresh ones has been made easier with the Reserve Bank asking banks to set up facilities in this regard at their branches. Even the mutilated currency notes, with essential features in tact, can be ex ..

Posted in Corporate Law |   2551 Views


Ambani bros indulge in legal shadow-boxing

   10 July 2008 at 15:39

The spat between the warring Ambani brothers over the South African telecom giant MTN turned into a game of legal shadow-boxing on Monday with offers and counter offers for discussions being spurned on both sides.Wary of falling into a legal 'trap', ..

Posted in Corporate Law |   302 Views


Judicial activism not a bad idea to fill up for policy shortcomings

   10 July 2008 at 15:39

Recently, the Supreme Court has put an interim stay on an edict of the Delhi High Court. The high court directive had imposed a penalty of Rs 500 on violations of traffic rules, over and above the usual fee for such offenses. Commentators and legal e ..

Posted in Civil Law |   352 Views


Trustees must keep eye on finances of debt-issuing cos

   10 July 2008 at 15:39

A lack of due diligence to see-through the financial un-worthiness of debt-issuing companies can lead debenture trustee-entities like banks that oversee such issuance into trouble. In what would call for greater accountability for debenture trustees, ..

Posted in Corporate Law |   307 Views


Virtual bites: Digital piracy robs Bollywood

   10 July 2008 at 15:39

Bollywood content on illegal websites and video-hosting sites is costing movie companies dearly. Are they up to the challenge?On a trip to Helsinki in Finland, Rajjat Barjatya stumbled upon 15,000 Indian families who had regular access to Bollywood m ..



Patent office to hear drug firms` views before granting licence

   10 July 2008 at 15:39

The Indian patent office will provide drug innovators a chance to explain their views before a decision to grant compulsory licences against their patented medicines is taken. The patent office's decision has, for the first time, set rules for examin ..



India emerges as hub for patent offshoring

   10 July 2008 at 15:39

India is no where close to countries like US, Japan and China, when it comes to filing patents. But it still does a significant bit in the IP space. A lot of it's happening through patent service outsourcing in India. This means, a lot of background ..



Pharma cos hit by new Patent Act concoction, filings drop 41%

   10 July 2008 at 15:39

Patent applications filed by Indian pharma firms have witnessed a sharp fall of 41% during FY08. Data provided by the Controller General of Patents shows that only 449 patent applications were filed in 2007-08 compared to 765 filed in 2006-07. This i ..