TM-M is basically for any clerical error or minor change in the application. Hence the name of proprietor/owner of trademark cannot be changed completely. So such company cannot apply for change in name of proprietor in TM-M. Further as the name of proprietor will not be changed through TM-M, company will not be considered as proprietor of the trademark. Hence such company’s assignment deed will not be considered as valid as it is not the real owner of the trademark.
Trademark Ministry issues notice of 30 days in case of assignment where, in case of any discrepancy the real owner of trademark can raise objection against it. Further in such case a legal suit can also be filed against company.