Priority dates of claims of a complete specification —(1) There shall be a priority date foreach claim of a complete specification.(2) Where a complete specification is filed in pursuance of a single application accompaniedby—(a) a provisional specification; or(b) a specification which is treated by virtue of a direction under subsection (3) ofsection 9 as a […]
Winding up a company, often referred to as liquidation, comes into play when a company faces financial difficulties and is incapable of meeting its obligations to creditors. It entails a systematic process wherein the company’s assets are liquidated to generate funds for settling its outstanding debts. After all the debts have been satisfactorily settled, any
Annual Contract Value (ACV) is the average annual revenue generated from each customer contract, excluding fees. If a customer signs a 5-year contract for $50,000, averaging this value per year will give you an annual contract value of $10,000. What is ACV ? Annual contract value (ACV) breaks down the total value of a customer’s
Before the establishment of the National Company Law Tribunal and National Company Law Appellate Tribunal the powers and functions of the Companies were discharged by the Company law board and Board for Industrial and Financial Corporation. The Central government constituted NCLT under Section 408 of Companies Act, 2013. It commenced on June 1, 2016, and it was
The Kerala Stamp Act, 1959 is a law that governs the use of stamps in the state of Kerala, India. It specifies the types of instruments that require stamping, the amount of stamp duty payable, and the procedures for stamping instruments. The Act defines an “instrument” as any document that is used to create, transfer, or
Reserve Bank of India (RBI) recently rejected six out of eleven applications by entities aspiring for on-tap banking licenses. RBI turned down all the applications for Universal Banks (UBs) on the ground of non-suitability. It rejected applications of VSoft Technologies Pvt Ltd and Calicut City Service Co-operative Bank Ltd for SFBs. The remaining five applications for SFBs
Societies and companies controlled and owned by residents, professionals or residents having 10 years of experience in finance and banking would be eligible for setting up small finance bank.You can read about the Granting License for Small Finance Banks by the Reserve Bank of India (RBI) After conforming to the guidelines and requirements of various
Contents of specifications (1) Every specification, whether provisional or complete, shalldescribe the invention and shall begin with a title sufficiently indicating the subject-matterto which the invention relates.(2) Subject to any rules that may be made in this behalf under this Act, drawings may, andshall, if the Controller so requires, be supplied for the purposes of
Provisional and complete specifications —(1) Where an application for a patent (not being aconvention application or an application filed under the Patent Cooperation Treatydesignating India) is accompanied by a provisional specification, a complete specificationshall be filed within twelve months from the date of filing of the application, and if thecomplete specification is not so filed,
Information and undertaking regarding foreign applications (1) Where an applicant for apatent under this Act is prosecuting either alone or jointly with any other person anapplication for a patent in any country outside India in respect of the same or substantiallythe same invention, or where to his knowledge such an application is being prosecuted bysome
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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