By: Nidhi Tandon
The Trade Mark Rules, 2017 (“Rules”) notified by the Department of Industrial Policy and Promotion (“DIPP”) last month completely revamps the Trade Mark Rules, 2002 (“Old Rules”) to simplify and expedite the trademarks registration process in India and promote e-filings. The Rules have come into effect from 6th March, 2017 and some of the notable changes are as follows:
Consolidation of Trademark application forms from 74 to 8
The Old Rules had one form for each type of application totaling to a whopping 74 forms whereas the Rules have consolidated multiple forms such that they could be used for multiple types of applications and requests.
By: Laxmi Joshi and Aditi Rani
Young India is turning entrepreneurial and with dozens of success stories of start-ups making it big, the age of entrepreneurship seems to have finally arrived. However, even a great and innovative idea, without adequate capital backing is not enough to set up a successful venture. Fund raising is a highly challenging task for any enterprise, especially a startup. With little to offer the traditional lenders in terms of hard assets, past performance and market value, most startups turn to private and professional investors for investments.
By: Mansi Singh and Aditi Rani
The Maternity Benefit (Amendment) Act, 2017 (Amended Act) amending key provisions of the Maternity Benefit Act, 1961 came into force on April 1, 2017. The key provisions brought in by the Amended Act enhances the maternity leave period besides introducing several compliances for companies. We have set out the key aspects as follows: