Company Secretary
[ Scorecard : 124]
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Posted On 21 May 2009 at 12:11
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Hi
Please tell me the pros and cons if:
- a brand is owned by a pvt ltd. company or
- a brand is owned by a TRUST
Please reply. its Very very urgent. i have no idea about the same.
Regards
Hinna Garg
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Corporate Laws and Indirect Taxation Laws Practitioner.
[ Scorecard : 36368]
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Posted On 21 May 2009 at 12:25
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If a brand is owned by soemone then it doesnt make any differnece whether its a company or trust or an individual.
It will get the priviledges as prescribed and allowed under respective IPR Act.
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Company Secretary
[ Scorecard : 124]
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Posted On 21 May 2009 at 12:47
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Hi
Thanks for your prompt reply.
Also tell me that i should refer which act of IPR.
Regards
Hinna Garg
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Corporate Laws and Indirect Taxation Laws Practitioner.
[ Scorecard : 36368]
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Posted On 21 May 2009 at 12:54
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i think u should refer trademark act. i m not sure as i dont deal with this. But that shoud b trademark act.
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INCHARGE IPR DEPARTMENT & HR DEPARTMENT: CS (Executive) student
[ Scorecard : 272]
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Posted On 21 May 2009 at 13:14
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Company Secretary
[ Scorecard : 124]
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Posted On 21 May 2009 at 13:20
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Thanks
Actually my boss wants to know that if in future any dispute arises in relation to brand then will it make any difference that whether the brand is owned by private limited company or trust?
Regards
Hinna Garg
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Corporate Laws and Indirect Taxation Laws Practitioner.
[ Scorecard : 36368]
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Posted On 21 May 2009 at 13:23
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See,
1. If the Brand is owned by trust and its being used by a Companny then there must b an assignment by trust to Company. In case of Charitable Trust u need to ensure that it is for the benefit of beneficiaries only.
2. If someone infringes the law and use this brand then the registered owner or assignee can take action.
3. Without assignment this brand can not b used by anyone except the registered owner.
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Company Secretary
[ Scorecard : 124]
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Posted On 21 May 2009 at 13:23
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Hi
Also want to know whether a Trust can own a BRAND or not?
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Corporate Laws and Indirect Taxation Laws Practitioner.
[ Scorecard : 36368]
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Posted On 21 May 2009 at 13:25
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y not? If empowered to do so (through trust Deed/Resolution) and its for the ultimate benefit of Bebeficiaries.
Total thanks : 1 times
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Company Secretary
[ Scorecard : 124]
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Posted On 21 May 2009 at 13:37
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Thank you very much Nirav for your quick reply.
Hope so my boss's query will be cleared now.
Thanks a lot.
Regards
Hinna Garg
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