Trademark search is an integral part of trademark ownership and every company must be aware of the importance of conducting a trademark search.
Trademark search is an integral part of trademark ownership and every company must be aware of the importance of conducting a trademark search.
A visual symbol that differentiates a good or service from similar products is a Trademark. It can be a device, label, name, word, or any mark. Under the Indian laws, it is an asset for the proprietor and this should be protected by Trademark Registration.
A “Compound” means settling a matter by a money payment. The money is paid in place of any other liability. When an individual or a company commits any offense, the RBI compounding application is applied to save him from the prosecutions
Due diligence refers to the process of reviewing and documenting legal, financial, and compliance aspects of the company. The investor checks the regulatory and process compliance, specifically before an investment or funding.
A Secretarial Audit is done to check the compliance of different legislations (like the Companies Act) and other economic and corporate laws, rules and procedures applicable to an organization.
One Person Company (OPC) can be formed with only 1 owner, who acts as both the director as well as a shareholder of the company. There can be more than 1 director, but not more than 1 shareholder. For converting a Private Limited Company to an OPC, your paid-up capital and annual turnover should be less than ₹ 50 lakh and ₹ 2 Crore respectively.
A Public Limited Company is a company that has limited liability and its shares can be freely traded and sold to the public. For converting a private to a Public Limited Company under Companies Act 2013, you need to have at least 3 directors, 7 shareholders, and a paid-up capital of ₹ 5 lakhs.
Under a Limited Liability Partnership (LLP), two or more partners form a special partnership and have limited liabilities. For converting a partnership to an LLP, you need to get a Digital Signature Certificate, a DPIN and file the LLP forms 2, 3, and 17.
A Private Limited Company is the most popular type of corporate entity in India. For converting a sole partnership to a Private Limited Company (PLC), you need to submit an agreement between the sole proprietor and the PLC, declaring the transfer of all the assets to the latter.
An LLP can be closed, if it has not commenced business or is not engaged in the activity of business for the last 1 year. The closure application needs to be filed with the mutual consent of all the partners of the firm.