Corporate Updates – 07-03-2017

IPR – Trade Mark

The Ministry of Commerce & Industry (Department of Industrial Policy & Promotion) has notified the Trade Mark Rules, 2017 which have come into effect from 6th March, 2017. These Rules, which replace the erstwhile Trade Mark Rules 2002, will streamline and simplify the processing of Trade Mark applications. Some salient features of the revamped Rules includes – Number of Trade Mark (TM) Forms have been reduced from 74 to 8; to promote e-filing of TM applications, the fee for online filing has been kept at 10% lower than that for physical filing; Based on stakeholders feedback, the fees for Individuals, Start-ups and Small Enterprises have been reduced from that proposed in the draft Rules i.e. only Rs 4,500 as against Rs 8,000 for e-filing of TM applications proposed at the draft stage; Hearing through video conferencing has been introduced; Modalities for determination of well-known trademarks have been laid out for the first time.


The RBI has notified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017 which shall come into force from the date of their publication in the Official Gazette. The amendment has been made in Regulation 5, for the existing sub-regulation (9), which deals with the terms and conditions w.r.t investment capital contribution or by way of acquisition / transfer of profit shares in the capital structure of an LLP by a person resident outside India.

News from NIRC of ICSI

NIRC of ICSI is organising One day Seminar on the occasion of International Women’s Day on the theme CS WOMEN : EMPOWERED & EMPOWERING on Wednesday, the 8th March, 2017 from 10 AM onwards at Airforce Auditorium, Subroto Park, Near Dhaula Kuan, New Delhi. In order to make necessary arrangements, members are required to enroll well in advance with NIRC. Fee : Rs. 500/-; Free for the Corporate Members & YUVA Corporate Members of NIRC. Online Payment/ Registration can be made through PAYTM. PCH – 4.

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