Thursday, 24 May 2018

Trademark Filing – Process & Documents Required

When an outsider looks for startup business, the first thing they notice is the trademark. A trademark is  the identity of a business lies. It is the name and symbol under which a business undertakes its trade and commerce, which represents the company.
In Indiatrademarks are regulated by the Trade Marks Act of 1999. The Act aims to provide registration and better protection towards trademarks while preventing the use of fraudulent marks.
How to Choose a “Good” Trademark?
  • The mark(s) should be easy to remember.
  • It should be short and easy to spell and write.
  • It may be aesthetically appealing.
  • It should not ideally be descriptive in its nature.
  • It can be fanciful and coined, to avoid confusion.
APPLE/ASUS/DELL/HP/LENOVO” for computers are an example of a non-descriptive and arbitrary mark, which makes for good trademarks.
KODAK” for cameras is a coined term; that also makes a good trademark.
MICROSOFT” for software, “LAKME/AMWAY/AVON” for makeup, are all good examples.
Trademark Search
Before filing a trademark application, its recommended that a trademark search be conducted to know all similar or identical trademark applications filed along with its status. A trademark search can help reduce chances of the application being objected or opposed or refused.
Documents required for Trademark filing
To file a trademark application the following documents are required:
  • Signed Form 48 – Form 48 is used to provide an attorney with authorisation to file your trademark application.
  • Udyog Aadhar Registration Certificate – In case you would like to avail the lower trademark fee of Rs.4500. For Partnership Firms, LLPs and companies not having Udyog Aadhar, the government fee for trademark filing is Rs.9500.
  • Incorporation certificate.
How to apply for a Trademark?
  • Conduct a trademark search that will let you know if there are similar trademarks that are already registered.
  • Apply for a trademark registration. You can do this by yourself through the Government website, or get a lawyer to do it for you. The procedure of application is laid down in the Trade Marks Act, 1999.
  • An application number is allotted for every pending registration, which can be tracked on the website.
  • If the application is accepted, it will be published in the Trademark Journal. If there are no oppositions, your trademark will be registered to you. However, if there are oppositions, there will be a hearing in the Trademark Hearing Office to decide on the final registration of the mark.

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Wednesday, 9 May 2018

Incorporating a private limited company with Indian directors

Incorporating a company in India has become much easier now. On the 69th republic day, the government has brought various changes making it easier to set up a private limited company in India. Now a company can be incorporated using just 1 E-Form, SPICe (INC-32).
A single window form: SPICe (INC-32)
It is a single application for
  • reservation of name,
  • incorporation of a new company and/or
  • application for allotment of DIN and/or
  • application for PAN and TAN
It is accompanied by supporting forms SPICe_AoA and SPICe_MoA.
Once the e-Form is processed and found complete, company would be registered and CIN would be allocated. DINs get issued to the proposed Directors who do not have a valid DIN and PAN and TAN would also get issued to the Company.

Important points:
  • Maximum three Directors are allowed for using this integrated form for filing application of allotment of DIN while incorporating a company.
  • No minimum paid-up capital requirements apply for incorporating a company
  • Maximum number of members excluding proposed employee(s) should not be greater than 200 in case of a private company.
  • Number of members excluding proposed employee(s) should be greater than or equal to two in case of Private Company (other than Part I company) and seven in case of Part I company/ public company.
  • The company can establish its place of registered office on or from the fifteenth day of its incorporation. Till then the correspondence address shall be the mailing address for company.
  • The correspondence address should be in the same state where company is willing to have its registered office.
  • Total number of first subscribers are restricted to seven, considering possibility of affixing maximum DSCs in form SPICe MOA (INC-33) and form SPICe AOA (INC-34).
  • Directors not having DIN cannot be more than 3 in number.
Name approval
There are 2 ways to register a company’s name
  1. Directly getting the name approved through SPICe (INC-32)
  2. Reserve Unique Name (RUN)
A unique name should be chosen for the company considering Section 4(4) of the Companies Act, 2013 and Rule 8 & 9 of Companies (Incorporation) Rules, 2014
The illustrative list of names based on the type of company is as follows:
In case of an one person company – ABC (OPC) Private Limited
In case of a private limited company (other than producer company) – ABC Private Limited
In case of a private limited company (Producer company) – ABC Producer Company Limited
In case of a public limited company – ABC Limited
In case of an unlimited liability private company – ABC Private Unlimited
In case of an unlimited liability pubic company – ABC Unlimited
If the proposed name is based on a registered trademark or is subject matter of an application pending for registration under the Trade Marks Act, then approval shall be attached of such owner of the registered trademark or the applicant of such trade mark for which application for registration is pending.
A name reserved by RUN remains reserved for 20 days from the date of approval.

TAN Number:
Under the new SPICe form, TAN would be allocated along with the PAN. Allocating TAN with PAN would reduce another compliance related registration a company has to obtain at a later date and ensure that all companies are ready to deduct & remit tax collected at source from day one.

Conclusion:
SPICe Form INC-32 is surely an improvised version of e-Form-29 wherein a lot of changes have been made to accommodate the interest of the stakeholders. By introducing a single window form, there has been a drastic reduction in the timelines. However, due to some limitations, it might not be feasible like limited number of subscribers, affixing of DSC of subscribers.
With the hope that the regulators might address the inherent limitations that are being observed in the current procedure and make the necessary changes, we can conclude that stakeholders will be more benefited in all perspective.
AJSH has an expertise company registration and incorporation and has been assisting clients for 10 years.


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