The Ministry of Corporate Affairs has amended the Companies (Incorporation) Amendment Rules 2016 as an amendment to the Companies (Incorporation) Rules 2014.

This will increase the share value of the company in the open markets.

Companies who run out of their business or want to close their company who has been out of business for more than a year can close the company under Fast Track Exit Scheme.

Naming the entity Private limited company: It is mandatory that the name provided by the promoters must be approved by the registrar of a company.

A promoter is an individual who does the vital preliminary work incidental to the formation of a company.

Similarly, an existing company can be converted to an LLP by filing Form 18 along with Form 2.

The company had to launch massive advertising campaigns to prevent misuse of the same.

An overview of the key information to be included in the application along with additional particulars which need to arranged and duly verified before filing in  order to accept the trademark application without objection: Applicant's full name, address and nationality Applicant's home country address, in case of convention application Type of applicant- individual, joint proprietors, partnership firm, company, or a government undertaking Principal place of business and a valid email address Name, description and 2 copies (image) of the trademark Description of all the goods and services that your trademark covered Power of attorney (in case agent file the trademark application) and name of the trademark owner Translation of the trademark, if contains foreign words Statement of use, only if mark is already in use What are the other parameters needed to be verified before filing a trademark application?

Firstly, such registration should not defeat the purpose of the concept of trademarks, i.e. consumers should be able to differentiate between goods and services originating from different business or companies.

For example; “Escalator” was a name of a company however over the years it has become a generic term that describes a class of goods i.e. automatic stairs.