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Culture Documents
1. FERA (Foreign Exchange Regulation Act) was introduced in 1974 to regulate and control to conserve in dials oreign exchange. !"# $olic% re$laced FERA &% FEMA' in 1999. FEMA ( Foreign Exchange Management Act came into orce rom )une *+++. FERA o&,ectives-. /o consolidate and to regulate $a%ments dealings in oreign exchange 0 1ecurities transactions a ecting oreign exchange 2m$ort 0 Ex$ort o currenc% "ro$er utili3ation /o sa eguard the interests o economic develo$ment o 2ndia. FEMA o&,ectives-. /o consolidate Foreign Exchange. to acilitate external trade 0 $a%ments to $romote orderl% develo$ment maintenance o oreign exchange in 2ndia. FERA 1. /o regulate 0 control oreign exchange. *. 5 ense criminal 4. "resum$tion o guilt% 4. Accused to $rove innocence FEMA 1. /o Manage oreign exchange. *. 5 ence ( civil. 4. "rosecution to $rove o ence. 4. 6urden o $roo an en orcing agenc% 7. o ences compomdable 8. Ela&orate redressal machiner% availa&le.
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9olding o Foreign Exchange :o $erson residing in 2ndia shall ac;uire' hold' own' $osses or trans er an% oreign exchange or securit% or an% immova&le $ro$ert% outside 2ndia. 8. /ransactionsAn% $erson ma% sell or draw oreign exchange to or rom an authori3ed $erson (A") on current account transaction. 7. <a$ital A=c /ransaction-. An% $erson ma% sell or draw oreign exchange to or rom an authori3ed $erson on ca$ital account su&,ect to $ermissi&le limits >. ?ealing in Foreign Exchange5nl% authori3ed $ersons can ?eal in or trans er an% oreign exchange or oreign securit% to another $erson. Ma@e an% $a%ment to or or an% $erson residing outside 2ndia. Receive an% $a%ment &% order on or &ehal o an% $erson residing outside 2ndia. Enter into inancial transaction in 2ndia' as consideration or or connected with ac;uisition or creation or trans er o a right to ac;uire' an% asset outside 2ndia &% an% $erson. 9. /his means that :o $erson can deal oreign exchange unless he is an authori3ed $erson or mone% changer. 1+. Authori3ed "erson means An authori3ed dealer Mone% changer 5 shore &an@ing limit An% other $erson
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1ecure s%stem means <om$uter hardware' 1o tware and $rocedure that 1. are reasona&l% secure rom intrusion and misuse *. $rovide reasona&le level o relia&ilit% and correct o$eration 4. are reasona&l% suited to $er orm the intended o$erations 4. adhere to generall% acce$ted securit% $rocedures $rovided &% central government. ?igital 1ignature A ?igital 1ignature is said to &e secure' at the time o a ixing i it was 1. uni;ue to the su&scri&er a ixing it *. ca$a&le o identi %ing such su&scri&er 4. created in a manner or using a means under the exclusive control o the su&scri&er 4. it is lin@ed to the Electronic Records to which it relatesF and 7. i the Electronic Records is altered the ?igital 1ignature would &e invalidated. 1ecurit% "rocedure /he central government shall $rescri&e the securit% $rocedure according to the commercial circumstances $revailing at such time the $rocedure was used. 1uch consideration will relate to 1. :ature o transaction *. !evel o /echnological ca$acit% o $arties 4. Golume o similar transactions 4. availa&ilit% o alternatives 7. costl% alternative $rocedure 8. $rocedures in general use. Regulation 1. *. <erti %ing Authorit% in the $erson granted licence to issue a ?igital 1ignature <erti icate. <entral #overnment &% noti ication a$$oint 1. <ontroller o <erti %ing Authorities *. ?igital 1ignature o <ontroller <erti %ing Authorit% 4. Assistant <ontroller <erti %ing Authorit% and $rescri&e 1. ;uali ication *. ex$erience 4. terms and condition Functions o <ontroller o <erti %ing Authorities 1. 1u$ervise the activities o <erti %ing Authorit% *. <erti %ing $u&lic @e%s o the <erti %ing Authorit% 4. !a% down standards to &e maintained &% <erti %ing Authorit% 4. 1$eci % ;uali ication and ex$erience or the em$lo%ees o <erti %ing Authorit% 7. <onditions o conduct o &usiness 8. 1$eci % the contents o . written . $rinted . visual mat&ices . advertisements that ma% &e distri&uted or used regarding ?igital 1ignature <erti icate and $u&lic @e%. 7. 1$eci % orm and content o ?igital 1ignature <erti icate and @e%
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6e ore issuing ?igital 1ignature <erti icate' the <erti %ing Authorities must ensure that 1. the a$$licant holds a $rivate @e% to &e listed in the ?igital 1ignature <erti icate. *. which is ca$a&le o creating a ?igital 1ignature and that 4. the $u&lic @e% to &e listed in the ?igital 1ignature <erti icate can &e used to veri % the ?igital 1ignature a ixed &% the $rivate @e% #eld &% the a$$licant. /he <erti %ing Authorities whole issuing the ?igital 1ignature <erti icate shall certi % that 1. *. 4. 4. 7. 8. it has com$lies with all $rovisions. $u&lished the ?igital 1ignature <erti icate to the su&scri&ed and he has acce$ted su&scri&er holds $rivate @e% corres$onding to $u&lic @e% listed in ?igital 1ignature <erti icate 1u&scri&es $u&lic and $rivate @e%s constitute a unctioning @e% $air /he in ormation contained in ?igital 1ignature <erti icate is accurate. 2t has no @nowledge in contravention o an% o the re;uirements.
+(spension /he <erti %ing Authorities ma% sus$end ?igital 1ignature <erti icate . . . . on re;uest rom su&scri&er or authori3ed $erson &% him on death o su&scri&er on dissolution o irm on winding u$ o com$an%
?uties o 1u&scri&er 1. *. 9e shall generate the @e% $air &% a$$l%ing the securit% $rocedure 6% acce$ting ?igital 1ignature <erti icate' the su&scri&er certi ies to all that . he holds the $rivate @e% corres$onding to the $u&lic @e% listed in the certi icate . all re$resentation made &% him to the <erti icate Authorit% are true . all in ormation contains in the certi icate are @nown to him. 4. 9e shall e,e&cise reasona&le care to retain control o $rivate @e% 4. 9e shall $revent disclosure to a $erson not authori3ed to a ix the digital signature o the su&scri&er. 7. /o in orm the <erti icate Authorit% i the $rivate @e% has &een com$romised.
2:/E!!E</BA! "R5"ER/H R2#9/1 "ro$ert% ma% &e immova&le or mova&le. 2t is something owned and en,o%ed &% individuals to the exclusion o others .!and' &uilding' trees' estate' and mines etc which are immova&le. #oods li@e ,ewels and ornaments' com$uters' $ersonal wears' $la% things' e;ui$ments' shares etc are mova&le $ro$erties owned and en,o%ed &% individuals and trans era&le $h%sicall%. /hese are tangi&le. /he% are amena&le to $ossession and can &e descri&ed and trans erred. /he% are cor$oreal $ro$erties. /here are intangi&le or incor$oreal $ro$erties. /he% are intellectual $ro$erties. /he% do not have $h%sical existence as the tangi&le mova&le and immova&le $ro$erties. /he mova&le and immova&le $ro$erties are owned and $ossessed &% a $erson or $ersons at a time. A $oem or music can &e en,o%ed &% an% num&er o $eo$le. 1till the% do not diminish in value . 1ha@es$eareCs $la%s. /hiru@ural.
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2n ringement o co$%right. <ases 1. Ratnasagar Gs /risea Ratnasagar $u&lished a &oo@ J!iving 1cienceC. /risea $u&lished a &oo@ JBni;ue 1cienceC. 9eld /risea in ringed co$%right. *. :agoti Gen@ataramana was im$risoned or 4 months and ined Rs 4'+++ or @e$ing and lending 9+ $irated cassettes. /RA?E MARK1 /rade mar@ is a visual s%m&ol in the orm o a word a device a la&el a$$lied to articles o commerce /rade mar@ indicates to the $urchaser that the% are goods manu actured or dealt in &% a $articular $erson as distinguished rom similar $roducts &% others. 2t is &ased on two conce$ts1. ?istinctiveness *. ?ece$tive similarit% /rade mar@ can &e $rotected in $er$etuit% so long as it is used and renewed. Functions1. 2t identi ies the $roduct 0 its origin *. 2t guarantees its unchanged ;ualit% 4. 2t advertises the $roduct 4. 2t creates an image o the $roduct. <ontroller #eneral o "atents is the Registrar o /rade mar@s. Register o trade mar@s is @e$t in his o ice All registered trade mar@s with1. :ame *. Address 4. ?escri$tion o $ro$rietors 4. :oti ication o assignments 7. "articulars o registered users 8. <onditions and limitations are entered in the Register o trade mar@s. "R5<E?BRE F5R /RA?E MARK1 1. /he $ro$rietor shall a$$l% in writing with ees *. Registrar ma% acce$t or acce$t with modi ications or conditions or re,ect recording reasons 4. A ter acce$tance' advertise 4. An%one can o&,ect or o$$ose 1. *. /he $ro$rietor shall a$$l% in writing with ees Registrar ma% acce$t or acce$t with modi ications or conditions or re,ect recording reasons 4. A ter acce$tance' advertise 4. An%one can o&,ect or o$$ose within 4 months o advertisement 7. A$$licant shall re$l% within * months 8. 2 the a$$licant ails to re$l% within * months' it will &e deemed that he has a&andoned his a$$lication. 7. A ter a hearing the Registrar will decide a&out the o$$osition.
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EFFE</ 5F /RA?E MARK1 /rade mar@ is an exclusive right Registration is the $rima. acie evidence o validit% /he $ro$rietor ma% assign or transmit the trade mar@. 1uch assignment or transmission must &e registered. /rade mar@ is an exclusive right Registration is the $rima. acie evidence o validit% /he $ro$rietor ma% assign or transmit the trade mar@. 1uch assignment or transmission must &e registered. 44 classes o goods and 7 classes o services can &e registered. /rade mar@ can &e registered or6an@ing' communication' education' inancing' insurance' chit unds' real estates' trans$ort' storage' material treatment' $rocessing' &oarding' lodging' entertainment' amusement' construction etc 1ingle a$$lication can &e made or registration in more than one class. /rade mar@ includes 1ha$e o goods "ac@age <om&ination o colours <erti ication mar@s Even when /rade mar@ registration has &een done or a $articular class' the right existed onl% or certain related goods within the class. A trade mar@ will not &e registered i it is identical or similar to an earlier mar@ or a similar good.
AE!! K:5A: /RA?E MARK1 A well @nown trade mar@ is a mar@ used over $articular goods or services' which has gained su icient recognition among consumers. 2t need not &e registered in 2ndia. 2t gives wide and unconditional $rotection to oreign trade names. A mar@ cannot &e registered i it is detrimental to a well @nown trade name.
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