Examination of application (1) When a request for examination has been made in respectof an application for a patent in the prescribed manner under sub-section (1) or sub-THE PATENTS ACT, 1970Page 18section (3) of section 11B, the application and specification and other documents relatedthereto shall be referred at the earliest by the Controller to an […]
Request for examination —(1) No application for a patent shall be examined unless theapplicant or any other interested person makes a request in the prescribed manner forsuch examination within the prescribed period.(2) Omitted by the Patents (Amendment) Act, 2005(3) In case of an application in respect of a claim for a patent filed under sub-section
Publication of applications —(1) Save as otherwise provided, no application for patentshall ordinarily be open to the public for such period as may be prescribed.(2) The applicant may, in the prescribed manner, request the Controller topublish his application at any time before the expiry of the period prescribed under subsection (1) and subject to the
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
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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