Faq's
Qns: Can a trademark be used internationally?
Ans: A trademark registered in one country does not automatically provide protection in other countries. However, it is possible to seek trademark protection in multiple countries through various international agreements, such as the Madrid Protocol. The process for obtaining international trademark protection can be complex and requires navigating the trademark laws and procedures of each country.
Qns: What is the difference between a trademark and a service mark?
Ans: A trademark is used to identify and distinguish goods, while a service mark is used to identify and distinguish services. In other words, a trademark is for tangible goods, whereas a service mark is for intangible services.
Qns: Can a registered trademark be cancelled?
Ans: Yes, a registered trademark can be cancelled in India. It can be cancelled on various grounds such as non-use, invalidity, or if it is found to be similar to an existing trademark.
Qns: Can a registered trademark be assigned or licensed?
Ans: Yes, a registered trademark can be assigned or licensed to another individual or company, subject to compliance with the Indian trademark laws and regulations, and obtaining necessary approvals and registration from the government.
Qns: What is the validity of a trademark registration certificate?
Ans: The validity of a trademark registration certificate in India is 10 years from the date of application. It can be renewed indefinitely for successive periods of 10 years.
Qns: Can a foreigner or a foreign company apply for trademark registration in India?
Ans: Yes, a foreigner or a foreign company can apply for trademark registration in India, either directly or through an authorized agent or attorney, subject to compliance with the Indian trademark laws and procedures.
Qns: What are the documents required for trademark registration in India?
Ans: The documents required for trademark registration in India include a copy of the trademark, proof of use (if applicable), ID proof, and address proof of the trademark owner or applicant.
Qns: How is a trademark different from a copyright?
Ans: A trademark is a symbol, word, or phrase that identifies and distinguishes a company's products or services, whereas a copyright is a legal right that protects original works of authorship, such as books, music, and art, from unauthorized use or distribution.
Qns: Can a slogan be registered as a trademark?
Ans: Yes, a slogan or a tagline can be registered as a trademark if it is distinctive and not a common phrase or word in the relevant industry. However, the slogan must meet the requirements for trademark registration, such as being unique, non-descriptive, and not similar to existing registered trademarks.
Qns: Why is a trademark important for a business?
Ans: A trademark is important for a business because it helps distinguish its products or services from those of competitors, provides legal protection, enhances brand recognition and reputation, and increases consumer trust and loyalty.
Qns: What is a trademark?
Ans: A trademark is a unique symbol, word, phrase, design, or combination of these elements that identifies and distinguishes a business or product from others in the marketplace.
Qns: What is the difference between taxable and non-taxable supplies under GST?
Ans: Taxable supplies under GST are goods and services that are subject to GST and are eligible for input tax credit, whereas non-taxable supplies are exempt from GST and do not qualify for input tax credit. Examples of non-taxable supplies include certain essential goods and services like healthcare and education.
Qns: What is an Input Tax Credit (ITC) under GST?
Ans: Input Tax Credit (ITC) is the credit that a registered taxpayer can claim for the GST paid on inputs (raw materials, goods, or services) used in the business to offset their GST liability.
Qns: What is the difference between CGST, SGST, and IGST?
Ans: CGST stands for Central Goods and Services Tax, which is levied by the central government on intra-state supply of goods and services. SGST stands for State Goods and Services Tax, which is levied by the state government on intra-state supply of goods and services. IGST stands for Integrated Goods and Services Tax, which is levied by the central government on inter-state supply of goods and services.
Qns: Can a registered taxpayer cancel their GST registration?
Ans: Yes, a registered taxpayer can cancel their GST registration voluntarily if they are no longer liable to pay GST or if they want to close their business. The cancellation can also be initiated by the tax authorities for non-compliance or other reasons.
Qns: What are the benefits of GST registration?
Ans: The benefits of GST registration in India include the ability to collect and claim input tax credit, compliance with tax laws, improved credibility with customers, and eligibility for government schemes and tenders.
Qns: What is the threshold limit for GST registration in India?
Ans: The threshold limit for GST registration in India is an annual turnover of Rs. 20 lakhs for most businesses. For businesses in special category states, the limit is Rs. 10 lakhs.
Qns: Who needs to register for GST in India?
Ans: Businesses engaged in the supply of goods and services with a turnover exceeding Rs. 40 lakhs (Rs. 20 lakhs for some states) are required to register for GST in India.
Qns: Why was GST introduced in India?
Ans: GST was introduced in India to simplify and streamline the country's indirect tax system by replacing multiple indirect taxes with a single tax, making the tax regime more transparent, efficient and business-friendly.
Qns: What is GST?
Ans: Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India, which has replaced multiple indirect taxes and streamlined the taxation system.
Qns: What are the benefits of company registration in India?
Ans: The benefits of company registration in India include limited liability protection, separate legal entity status, access to funding, tax benefits, brand protection, and increased credibility and trust with customers and stakeholders.
Qns: Can a foreigner register a company in India?
Ans: Yes, a foreigner can register a company in India, subject to compliance with Foreign Direct Investment (FDI) regulations and company laws, and obtaining necessary approvals, licenses, and permits from the government.
Qns: What are the documents required for company registration in India?
Ans: The documents required for company registration in India include identity and address proof of the directors and shareholders, memorandum and articles of association, and address proof of the registered office.
Qns: Is it mandatory to have a registered office for a company?
Ans: Yes, it is mandatory for a company to have a registered office in India, where it can receive official communications, notices, and serve as a legal address for the company's operations and compliance.
Qns: How many directors are required to register a private limited company?
Ans: To register a private limited company in India, a minimum of two directors are required. However, there can be a maximum of 15 directors as per the Companies Act, 2013.
Qns: What are the minimum requirements for company registration in India?
Ans: Minimum requirements for company registration in India include at least two directors and shareholders for private limited companies, and one each for one person companies, a registered office address, and a unique company name.
Qns: What is a Limited Liability Partnership (LLP)?
Ans: A Limited Liability Partnership (LLP) is a type of business structure in which the partners have limited liability for the company's debts and obligations, and the partnership has a separate legal identity.
Qns: What is a One Person Company (OPC)?
Ans: One Person Company (OPC) is a type of company in India that allows a single entrepreneur to operate a corporate entity with limited liability protection, separate legal identity, and perpetual succession.
Qns: What is a public limited company?
Ans: A public limited company is a type of company in which the shares are publicly traded on a stock exchange, and the liability of the shareholders is limited to the amount of their investment.
Qns: What is a private limited company?
Ans: A private limited company is a type of business structure that is privately owned and limited by shares. It has a separate legal identity from its owners and offers limited liability protection.
Qns: What are the types of companies in India?
Ans: The types of companies in India include private limited, public limited, one person, and section 8 companies, each with different requirements, benefits, and restrictions under the Companies Act, 2013.
Qns: Why is company registration important?
Ans: Company registration is important because it provides legal protection for business owners, enables access to funding and partnerships, and enhances credibility and trust with customers and stakeholders.
Qns: What is a company registration?
Ans: Company registration is the formal process of incorporating a business as a legal entity, which requires filing documents with the government and obtaining necessary licenses and permits.