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What conditions are required for the director of a company be the sole signatory of a company?

Submitted by LegalWizin on Wed, 01/13/2021 - 03:21

The company has to authorize its director to be the signatory of the company. The company in the board resolution authorize any director to be a signatory for such company. For different purpose different director can be authorize. As such there are no specific conditions. It usually depends on the skills, qualifications, knowledge, experience possessed by the director and type of authority. A company can also give the Power of Attorney to any director to sign any contract or agreement on behalf of the company.

What are the government fees for the trademarking of pharmaceutical products?

Submitted by LegalWizin on Wed, 01/13/2021 - 02:53

The government fee for trademark depends on the type of applicant and not on class. Hence, the government fee for each class is similar.

If there are any other queries then there will be additional fees. LegalWiz.in makes the trademark registration process very simple through the team of professionals.

If you want to protect a pseudonym, would that fall under copyright or trademark?

Submitted by LegalWizin on Fri, 01/08/2021 - 23:46

Pseudonym is a fictitious name or a professional name or any other name which is not the original name of an Individual. Such name is protected under Trademark.​

Trademark means the protection against the illegal use of any name, symbol, mark, logo, shape of goods, etc which creates the brand. While the copyright is for the protection of literary work, music, dramatic and artistic works. Hence the Pseudonym is protected under Trademark.

When should I trademark my name?

Submitted by LegalWizin on Fri, 01/08/2021 - 23:45

In recent scenario, branding is the most important assets for any person for the business. It is because now a day mainly the product is sold through brand only. So it is very important to create the brand value. While adopting any name as the brand, one must check that whether it is available in the market or not. It may happen that someone has already registered same brand with the Trademark Ministry. There is a possibility of similar brand names in similar area of business. Hence before using the brand name for the products and services prior check is important.

What are the different kinds of business partnerships endorsed by law?

Submitted by LegalWizin on Fri, 01/08/2021 - 23:43

As per law there are two types of partnerships which can be formed to carry on the business. They are Partnership firm and Limited Liability Partnership firm. Partnership firm means when two or more persons enter into an agreement to carry on business with similar interest to earn profit is knows as Partnership firm. LLP is as similar as to the partnership firm, but with limited liabilities.

Can I start a private limited company which does book-keeping and return filings as its principal business?

Submitted by LegalWizin on Fri, 01/08/2021 - 23:41

Yes, a private limited company with an object of book keeping and return filings can be incorporated. One can start the company with any business except illegal businesses. For an easy and simplified process refer Procedure for Incorporation of Private Limited Company

What are the criteria needed for Pvt Ltd name approval for it company?

Submitted by LegalWizin on Fri, 01/08/2021 - 23:40

After recent amendment adding a word related to the business activity is not mandatory. Hence there is no need to show main object in the name of company. Further the selection of name of the company is the critical part of process of incorporation. The name must be unique or a coined word and it should end with Private Limited or Public Limited as the case may be.

Here are some undesirable names which should be taken care in selection of name.

A company filed a forged assignment deed along with TMM to change the name of the proprietor in his name which originally belonged to me.

Submitted by LegalWizin on Thu, 12/31/2020 - 21:49

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.

Where can I incorporate the cheapest limited liability company?

Submitted by LegalWizin on Thu, 12/31/2020 - 21:45

In India Limited Liability Partnership is basically relates to state government. Hence the incorporation expense changes from state to state. The form fees will remain same but the stamp duty changes as per the Stamp Act of that state as well as the capital of LLP.

Hence one can check the rate of stamp duty of the state in which LLP is to be incorporated according to the initial capital. For more legal assistance contact the professionals at LegalWiz.in

How can you set up succesful businesses in multiple fields?

Submitted by LegalWizin on Thu, 12/31/2020 - 21:26

As per common law one cannot run multiple businesses under one firm. Hence for every different field, different firm is needed. One can take registration for each of the firms and can start multiple businesses. As there are different forms of businesses are available so one need to choose that which type of firm should be started according to the business. The form of business can be decided based on different aspects as mentioned below.

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