SAP INITIATES ACTION AGAINST ILLEGAL SOFTWARE USERS
Article Abstract:
SAP has taken legal action to contain unauthorised use of its software and selling pirated versions of it and giving unauthorised training on SAP R/3. SAP India has taken legal action against two companies in Hyderabad for selling pirated versions and giving training on SAP R/3. The Delhi Court has given injunctions to Padmaja Electronics Pvt Ltd and KT Pathfinders Pvt Ltd. The cases will be heard on April 19, 1999. SAP India has taken legal action to prevent the increase of unauthorised training on SAP R/3. Padmaja Electronics has stated that it deals with hardware peripherals and does not have any software operations. SAP India has consulted its lawyers in Singapore and India before taking legal actions on the two companies. (rk)(m)
Comment:
SAP has taken legal action to contain unauthorised use of its software and selling pirated versions of it and giving unauthorised training on SAP R/3.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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DSQ PROMOTER FOR OUT-OF-COURT DEAL WITH CDC
Article Abstract:
DSQ Software Ltd (DSQL) of Chennai plans to enter into an out-of court settlement with the Commonwealth Development Corporation (CDC). CDC plans to offload 18 percent of its stake in DSQL in the open market. CDC plans to divest its jumbo certificate of 38 lakh shares. CDC had entered into a buy back agreement with Mr Dinesh Dalmia, promoter of DSQS in 1993. Under the agreement, CDC was to sell its stake to Mr Dalmia after a 3-year lock-in period at a price based on 14 percent return on the face value. Mr Dinesh Dalmia holds 34 percent stake in DSQL. DSQL's scrip is currently quoted at Rs800. The Madras High Court on the basis of a petition filed by DSQL, has restrained the CDC from divesting its stake. (gs)
Comment:
Plans to enter into out-of court settlement with DSQ Software
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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STOCK OPTION RULES FOR IT COS FORMATTED
Article Abstract:
The government has framed stock option rules for Indian software companies for ADR/GDR offerings. Stock options should not exceed 10 percent of the paid-up capital. Indian promoters are not eligible for the scheme. The scheme is open to non-resident and resident permanent employees of the company. The eligible company should have 80 percent of its turnover from software activities. Options price should not exceed 10 percent discount on market price. The allotment of options has to be done by a committee of the board of directors of the company. Resident employees can remit funds up to a limit of $50,000 in a block of five years for acquisition of ADRs/GDRs. (vv)
Comment:
India: Government rules that stock options of local software companies should not exceed 10% of the paid-up capital
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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