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The Director in the Private Limited company primarily handles the internal and external matters that affect the entity in one way another. As per the legal framework, when an incorporation certificate is awarded to the company it transforms into a legal entity. It possesses a distinctive identity when compared to its owners, members, and shareholders. […]
The software industry is thriving, and so does the technology sector. Their development has brought the need to secure the intellectual property (IP) in the application, programs, and software patent. In this blog, we will explore the imperative dimensions of the software patent, such as applicability, usages, and validity. Why Software Seeks Patent Protection? Software […]
A registered entity incorporated under the Companies Act, 2013 is liable to maintain the specific legal documents such as AOA and MOA. Memorandum of Association reflects the purpose behind the establishment of the company. The scope of activities of the privately-held entity is defined by the charter document of the company, viz: Memorandum of Association […]
The term International patent or a world patent doesn’t exist in the real world. There is no single patent system that can safeguard your idea or invention in every nation. For global patent protection, one has to file for a patent in every nation individually. Having said, it means that filing of a patent in […]
In a privately-held entity, the shareholders act as an owner, and directors are the managers. However, not all directors get hold of the company’s shares, and neither is it possible for every shareholder to run the organization. Therefore, the allotment of duties among members & owners is essentials. So the directors are provided with the […]
Agricultural & Processed Food Products Export Development Authority, aka APEDA, is a government-based organization founded in 1985 via an act for the growth and development of export of scheduled products. It facilitates financial support, guidelines, and information regarding the development of the scheduled products. The product that comes under such an Act is known as […]
Certain forms of businesses are governed by specific authorities depending on their activities. For example, a business dealing with private fiscal lending requires the approval of the Reserve Bank of India, whereas to a financial securities business, prior approval of the Securities and Exchange Board of India (SEBI) is required. In this blog, we would […]
Indeed, foreign nationals reserve the right to make an application regarding a Trademark application. Under the Madrid Protocol agreement, an individual has the right to register their trademark in multiple nations. If various trademark applications are made in other nations, then six months is deducted from the preceding application. This blog will let you explore […]
A patent is a form of intellectual property that provides legal coverage to the owner’s invention against the act of violation. In view of the Indian Patents Act, a patent is issued on a product or process for a prescribed timeline of 20 years. Henceforth, the patent validity in our country is not more than […]
On the 26th June 2020, MSMEs received the most-anticipated change from the government on account of classification criteria. The change was made to widen the scope of classification so that more and more firms can join the MSME’s ecosystem. The previous structure of the MSME classification keeps the majority of the companies beyond its reach. […]
A Chemical Patent generally refers to a drug patent that renders protections to the invention made by the drug industry. A chemical process patent protects the process utilized to produce a certain medicine/drugs, whereas a chemical formula patent renders protections to the ingredients. Since medicines are vulnerable to duplication, such patents adhere to the utmost […]
At present, our country is in a state of chaos due to the ongoing pandemic. COVID 19 has not only hampered the financial standing of the country but also eroded the GDP resulting in the back lashing of many important sectors including MSME. At present, the situation of MSMEs is not on-par as the majority […]
The Indian drug industry has witnessed huge success in the past few years due to its prompt adoption of evolving technology. Indian pharmaceutical sector comprises of privately-held entities that have secured increased dominance in the domestic market. The reason behind their success is the favorable government policies & absence of foreign counterparts. However, the recent […]
In mid-2020, the Directorate General of Foreign Trade launched the new platform that facilitates services regarding the Import Export Code. The initial phase of the platform came with the services like modification/amendment of Import-Export code and virtual assistant. If you are running a business of export or import in Indian, then you must be familiar […]