Monthly Archives: October 2012

NRIs investments in Indian companies may be made at face value subject to their eligibility to invest under the FDI scheme

In terms of sub-regulation (1) of Regulation 5 of Notification No. FEMA 20/ 2000 – RB dated May 3, 2000, a person resident outside India or an entity incorporated outside India may purchase shares or convertible debentures of an Indian … Continue reading

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RBI issues additional norms for setting up offices in India

Reserve Bank of India has decided that in addition to the existing reporting requirements, all the new entities setting up Liaison Office/Branch Office/Project Office shall also: i) submit a report containing information as per Annex within five working days of … Continue reading

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Foreign NGOs to seek RBI permission to establish an office in India

Reserve Bank of India has clarified that permission to establish offices in India by foreign Non-Government Organisations/Non-Profit Organisations/Foreign Government Bodies/Departments, by whatever name called, are under the Government Route as specified in A. P. (DIR Series) Circular No. 23 dated … Continue reading

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Indian Cabinet approves Ministry of Corporate Affairs proposal to amend the Competition Act

The Union Cabinet has approved the proposal of the Ministry of Corporate Affairs to further amend the Competition Act, 2002, with a view to fine tune it and to meet the present day needs in the field of competition, in … Continue reading

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Cipla not infringing Pfizer patent for drug Tarceva: DHC

In a big relief to pharmaceutical company Cipla Ltd. (“Cipla”), the Delhi High Court ruled that Cipla did not infringe OSI/Pfizer (“Pfizer”) Indian patent for their drug ‘Erlotinib’ (trade name ‘Tarceva’) by manufacture, marketing and sale of their drug ‘Erlocip’, … Continue reading

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India embodies international exhaustion under Trademarks Act: DHC

In an important judgement, Delhi High Court ruled that Trade Marks Act, 1999 embodies the principle of international exhaustion and not domestic exhaustion of rights in cases of parallel imports. The grievance of the respondents (Samsung Electronics Company Ltd. & … Continue reading

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Appeal under SARFAESI Act can only be filed before DRT within whose jurisdiction the property is situated: DHC

A Full Bench of Delhi High Court recently ruled that the an appeal/application made under Section 17 of The Secularization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 can only be filed before the Debt Recovery … Continue reading

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