201604.01
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Companies With Over Rs 500 Crore Net-Worth Now to Follow New Accounting Rules

Companies with a net-worth of Rs 500 crore or more will have to follow the new Indian Accounting Standards (Ind AS) from April 1,2016. The new standards are benchmarked to the International Financial Reporting Standards ( IFRS).It shall be known as  The Companies (Indian Accounting Standards) Rules, 2015 It  was introduced for being  implementation in phases, for…

201601.04
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Proposed Changes  In Trademark Amendment Rules,2015

The proposed  changes in the draft Trademark Amendment Rules, 2015, are the following:  Application With Brief Description – All applications shall have to be filed with a mandatory brief description of trademark of goods or services in words . Increase in Application Fees : The following types of application will require payment of enhanced fees by…

201512.01
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Clarification Sought On Section 29A of Arbitration and Conciliation (Amendment) Ordinance, 2015

In the matter of Delphi TVS Diesel Systems Ltd v. Union of India,the recently promulgated Arbitration and Conciliation (Amendment) Ordinance, 2015 was before the the Division Bench of High Court of Madras on 24.11.2015. The bench comprisingS.K. Kaul, C.J. and Pushpa Sathyanarayana, J. sought clarifictaion from Union of India on the following: a. whether Section…