2017-TIOLCORP-NEWS-008 | Wednesday, January 11, 2017

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CAPITAL MARKET LAWS
 
2017-TIOLCORP-01-SEBI

Franklin Templeton Mutual Fund

Whether having a Portfolio Manager placed outside India or international CIO who is directly or indirectly managing the operation of mutual fund activities in India is violation of SEBI (Mutual Funds) Regulations - YES : SEBI

Whether constitution of Investment committee as an "informal Group" which function in a way that it may skip its responsibility of any wrong decision is in violation of relevant SEBI circular and mutual fund Regulations - YES : SEBI

- Directions Imposed: SECURITIES AND EXCHANGE BOARD OF INDIA
 
IP LAWS
 
2017-TIOLCORP-07-HC-MUM-IPR

Rahul Uttam Suryavanshi Vs Sunil Manikchand Kasliwal

Whether injunction order can be passed when impugned trade mark is structurally, phonetically and visually similar to the registered trade mark of another person - YES : HC

Whether injunction order is rightly passed when impugned trade mark is likely to cause confusion in the mind of the customers with average intelligence and imperfect recollection as to the source of origin of the goods - YES : HC

Whether wilful defaulter who committed infringement of the registered trade mark of the another knowing well about such registration can be allowed to raise plea of delay in approaching the Court for grant of injunction - NO : HC

- Appeal dismissed: BOMBAY HIGH COURT
 

 

 

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