2017-TIOLCORP-NEWS-132 | Thursday, July 06, 2017

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CAPITAL MARKET LAWS
 
2017-TIOLCORP-16-SAT

B Shyamala Vs SEBI

Whether a case would be a fit case for issuance of directions in terms of SEBI Act and SCRA if the violations committed therein pertain to Companies Act and not securities laws - NO: SAT

Whether write off of the inventories, transfer of funds from revaluation reserve and non convening the meeting of shareholders/ creditors for merger can be faulted if these acts are in accordance with the scheme sanctioned by the High Court - YES : SAT

Whether the allegation, of transfer of funds of the company to a subsidiary company in violation of Clause 36 of the Listing Agreement, can be sustained if the allegation is not supported by any basis or evidence - NO: SAT

- Appeal dismissed : SAT
 
IP LAWS
 
2017-TIOLCORP-72-HC-MUM-IPR

Zee Entertainment Enterprises Ltd Vs Sony Pictures Networks India Pvt Ltd

Whether in case of relief in passing off in a quia timet action the party claiming such relief must be able to show that the other product or service is such that there is no possibility of it being anything other than a deceitful misrepresentation of its original product - YES: HC

Whether in order to prove copyright infringement in case of TV shows, the same must be provided by cogent evidence as to verbatim copying and not through some random stills comparing both the shows - YES : HC

Whether copyright protection can be claimed for a TV show, on the ground that it is original labour & work in compositing or judiciously selecting and rearranging various elements when same can be claimed in respect of some other show - NO: HC

Notice of Motion Dismissed: BOMBAY HIGH COURT
 
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CORP BRIEF
  MCA strikes off names of 81 non-operational LLPs

IMF Board discusses role of macroprudential policies for capital flows

 
SEBI CIRCULAR
  Online Filing System for Foreign Venture Capital Investors  
MCA NOTIFICATION
  MCA give relaxation to certain classes of unlisted public company from condition of having at least two directors as independent

NCLT (Amendment) Rules, 2017 inserting rule 87A pertaining to rule for Appeal or application

 
CORP EINSICHT
  Simplified Proforma for Incorporating Company Electronically (SPICe)  
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