April 2024

Section 34 – THE PATENTS ACT, 1970

No anticipation if circumstances are only as described in sections 29, 30, 31 and 32 Notwithstanding anything contained in this Act, the Controller shall not refuse to grant apatent, and a patent shall not be revoked or invalidated by reason only of anycircumstances which, by virtue of section 29 or section 30 or section 31 […]

Section 33 – THE PATENTS ACT, 1970

Anticipation by use and publication after provisional Specification Where a complete specification is filed or proceeded with in pursuance of an applicationwhich was accompanied by a provisional specification or where a complete specificationfiled along with an application is treated by virtue of a direction under sub-section (3) ofsection 9 as a provisional specification, then, notwithstanding

Change in LLP Registered Office Address

Every LLP incorporated needs to have a principal place of business activities called the registered office. The registered office of a LLP is that to which official correspondence and all formal legal notices addressed to the LLP will be sent. The registered office of a LLP can be situated anywhere in the India. In addition

Power of Attorney Format

Non-residents living abroad have to appoint a representative who performs official tasks on their behalf. This whole process is formalised by drafting and executing of a power of attorney (PoA). The PoA is a legal authorisation that gives a person the power to act on behalf of another person. This could be a power of attorney

YSR Pension Kanuka

Empowering the socio-economic backward people in India is a primary responsibility. There are different ways to improve their living standard. However, providing consistent financial support will prove extremely beneficial. In this regard, the YSR Pension Kanuka by the State Government of Andhra Pradesh is a scheme targeting poor people to improve their financial standards. Here

Market cannibalization

Market cannibalization refers to a phenomenon that happens when there’s a decreased demand for a company’s original product in favor of its new product. When cannibalization occurs, the business experiences losses not just in sales volume but also in revenue and market share. Due to cannibalization, some companies opt not to release their new products because they

certificate for importing narcotics drugs in india

Narcotic drugs and psychotropic substances can be imported and exported subject to the following restrictions: import and export of narcotic drugs and psychotropic substances listed in Schedule I to the NDPS Rules is prohibited. Import of opium, concentrate of poppy straw, and morphine, codeine, thebaine and their salts is prohibited except by the Government Opium

central excise

Central excise duties are levied by the Union Government on commodities manufactured or produced within the country and consumed within the country, as against the State excise duties which are levied on alcoholic drinks, opium, etc. Commodities liable to central excise duties are listed in the Schedule to the Central Excise Tariff Act, 1985 (Act

ICAI held EY guilty of professional misconduct

ICAI vide its order dated 25.04.2024 held EY guilty. The order is reproduced below DISCIPLINARY COMMITTEE [BENCH-V (2024-2025)] [Constituted under Section 21B of the Chartered Accountants Act, 1949] ORDER UNDER SECTION 21B(3) OF THE CHARTERED ACCOUNTANTS ACT, 1949 READ WITH RULE 19(1) OF THE CHARTERED ACCOUNTANTS (PROCEDURE OF INVESTIGATIONS OF PROFESSIONAL AND OTHER MISCONDUCT AND

Section 32 – THE PATENTS ACT, 1970

Anticipation by public working An invention claimed in a completespecification shall not be deemed to have been anticipated by reason only that at any timewithin one year before the priority date of the relevant claim of the specification, theinvention was publicly worked in India—(a) by the patentee or applicant for the patent or any person