When you register a trademark for a brand name, it means that the name has been given exclusivity of use under the Trademarks Act (under the classes it’s been registered for).
The Companies Rules, 2014, in relation to Appointment and Qualification of Directors, was amended to this effect, and came into force on July 10, 2018.
Like all rules, even the Trademarks Act has an exception – When there is more than one registered owner, neither of them can claim exclusivity over the use of the mark.
Trademarks are assets, and just like any other asset (land and building), they can be sold, transferred or licensed by the owner of the mark, in accordance with the legal procedures laid down under the Trademarks Act, 1999.
Trademark Examination The trademark officer inspects the application and checks if the application passes the obligations and contentions set by the Trademarks Act.
An application for the trademark is examined by the Trademark Officer to see if it complies with the rules laid down by the Trademarks Act, 1999 and to see if it passes the set of objections that are laid down by Section 9 and 11 of the Act.