New LIVE Course: Learn the Practical Nuances of IPR Drafting by Adv. Gautam Matani. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rupali Shah   07 August 2023

Effect of conversion of partnership firm to private limited company

Partnership firm converted into private limited company in 2005

Directors of the company sold 49 % stake in 2008  and 51% stake  in 2013.

In 2013  new directors entered in company and  all old directors left the company.

Now the old directors, who left the company, are claiming rights over intangible assets ( trademark) stating the in the year 2005 when Partnership firm converted into private limited company, no intangible assets ( trademark) was transferred to company.

In fact , after conversion, company used intangible assets ( trademark) from 2005 to 2008. 

Can  old directors claim right over intangible assets ( trademark) of company?







 2 Replies

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     10 September 2023

The case will have to be decided in a court of law. The complete history of the issue of trade-marks and its use by the company, the documents with regard to use of the trademarks by the company etc will have to be examined.

karamel cookies   19 September 2023

Nice too much inspirable post 

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register