The key highlights of the third amendment are noted below: Natural Person: In the incorporation of One Person Company, a Resident Indian Citizen shall not be member or nominee of more than a One Person Company at any point in time.

Thwart takeover bid Diminish the capital structure of the company by writing off capital which is not supported by assets Future use: The repurchased shares can be used in the future at the time of any merger and acquisition without raising the capital Legal provisions for repurchasing shares In India, the repurchasing of shares are governed under various rules and Acts.

Companies against which prosecution for a serious offence is pending in court Companies which have accepted public deposits that are either outstanding or the company is in default as the payment is due for the same Companies having secured loans or management disputes Companies in which court or Company Law Board stays filing of documents (CLB) or Central Governmen or any other competent authority Companies have dues towards Income Tax/Sales Tax/Central Excise/Banks or Financial institutions or any other Central or State Government Departments or authorities or any local bodies.

In the absence of any such agreement, the mutual rights and duties shall be governed by the provisions of proposed the LLP Act.

A mark shall be deemed to be in use in commerce— (1) On goods when- it is allocated in any manner on the goods or their containers or the displays affiliated therewith or on the tags or labels affixed thereto, or if the nature of the goods makes such placement impracticable, then on documents associated with the goods or their sale, and the goods are sold or transported in commerce, and (2) On services when - it is used or displayed in the sale or advertising of services and the services are rendered in commerce, or the services are rendered in more than one State or in India and a foreign country and the person rendering the services is indulged in commerce in connection with the services.

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?

Some of the top five things which are highly important to consider when planning to build a Private Limited Company in India are: The idea Your idea of your product or startup (as or not as a Private Limited Company in India) is an essential part that will give birth to your startup.

The Government of India or of any State, or any other insignia or coat-of-arms used by the Government or any Department.

For example – If you are a citizen of India (Member of Madrid System) and do business in the country, you can use the Madrid System to register your trademark internationally.

One Resident Director It is mandatory as per Section 149(3) of the Companies Act of 2013 that at least one Director of the company must have stayed in India for a total period of at least 182 days in the previous calendar and such director need not be a citizen of India.