Corporate Updates – 07-08-2014

Trade Mark

Ministry of Commerce, Department of Industrial Policy & Promotion, has notified the Trade Marks (Amendment) Rules, 2014 which shall come into force on the date of their publication in the official gazette. Through this notification the authorities have revised the fees from Rs. 3,500/- to Rs. 4,000/- for TM-1, TM – 51 & TM – 52 and for TM – 63 from Rs. 12,500/- to Rs. 20,000/-.


RBI has made modifications to the existing guidelines to tone up regulatory framework pertaining to Securitization Companies and Reconstruction Companies (SCs/RCs) by amending the Securitization Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003. Accordingly, the mandatorily invest and hold minimum limit is now increased from 5% to 15% of the Security Receipts (SRs) issued by them against the assets acquired on an ongoing basis. In addition, SCs / RCs will have to mandatorily disclose the basis of their valuation if the acquisition value of the assets is more than the Book Value (the value of the assets as declared by the seller bank in the auction). SCs / RCs are, also, to declare upfront the details of the assets where the value of the SRs has declined substantially below the acquisition value.