Uncategorized Archives - Page 5 of 5 - Business , Financial & Legal Consultant In India

July 19, 2018

What is trademark infringement in India

If you have registered your trademark, then you have exclusive right to use that trademark, but if your trademark is being falsely used by other individual or person then it means that your trademark is being infringed. Trademark infringement is a punishable offence in India so it is very important for every people to understand what trademark infringement actually means.

Trademark infringement is defined under section 29 of Trademarks Act according to which it means that violating and exploiting the rights of the Trademark owner.

There are four kinds of Trademark Infringement and they are discussed below:-
1. There is likelihood of confusion:-
 A mark which is identical to the Registered Trademark and there is a similarity of goods or services covered by the Trademark in a manner causing confusion to the general public.
 The infringer might be a infringer by mistake and confusion was there by accident and with not fraudulent intention. So before using the mark it is advised to do a trademark search.
 The infringer intentionally desires to confuse the customer in order to compete with other brands.

2. False claim of registration:
There have been many instances where there have been claims of registration and all of them turned out to be false:
 Claiming that you have registered trademark even if there is no proof to support that.
 After Trademark has expired, and still claiming that the trademark is still relevant.

Trademark Registration in India is not permanent, therefore renewing of
trademark is necessary.

3. Unauthorized access to Trademarks:
When the Trademark is used illegally or without the consent of the Trademark Owner, then it is said that Trademark is being used wrongfully or the is an unauthorized access to the Trademark:
 Wrongfully using ‘R’ sign on unregistered Trademark.
 Intentionally claiming a false and unregistered Trademark.

4. False Trademark Imposition:
This sort of infringement is done in a following manner:
 Application of a false Trademark when processing, manufacturing, and packaging
the product.
 Making changes to the originally registered trademark before using it.
These are the types of infringement that you as a businessman might commit and you a trademark owner might be afflicted by. And to protect from trademark infringement there are provisions under Trademarks act which protects trademarks.

Trademark infringement is something that can both be deliberate and mistake, so it is necessary for both parties to know about its punishment and implications. This would prevent an aspirant make a mistake and protect the owner from being infringed.

BIATConsultant is leading legal advisory firm which can provide you expert consultant for

July 18, 2018

THINGS TO KNOW ABOUT PERSONAL LOAN

What are personal loans?
Loans which are used for personal use like for medical, education, vacations or
for the purchase of household items are known as personal loans. These are
different from the business or commercial loans. These can be unsecured or
secured by putting up the assets by co-signing the loan. The unsecured loans
are also called signature loans. When you apply for the loan, all your
information like the past credit history and credit score is checked. Personal
loans are brilliant when you need quick cash. Here are the things that you need
to know about the personal loan.

Purpose and eligibility of the personal loan
The main purpose of the personal loans is the expenses like loans for wedding,
home renovation, children higher education, other personal financial needs
etc. There are lots of eligibility criterions for the personal loan and each bank
has its own set of rules like minimum age, credit score, income, occupation,
assets, place where are you resigning etc.
Maximum possible loan tenure and disbursal of loan amount
A loan can be given maximum for five years. It is not possible to have a loan for
more than 5 years. When the loan is approved, it gets disbursed in 7 days of
work. As soon as the loan is approved, either you will get a cheque or
equivalent amount of money will be transferred into your bank account.
Maximum amount you can borrow from bank regarding personal
loan
The maximum amount which one can borrow depends upon on the past loan
which one has taken. If the person is already having a huge loan then it is very
difficult to get your loan approved. Make sure that the loan which you are
applying for has an EMI 50% less than after paying the current EMI. Then only
you can have your loan approved.
What is the minimum loan amount?

It all depends upon the institutions and banks. Some banks have the minimum
amount of 30000 while some has no minimum amount.
It is always great to compare different loan schemes. These can be compared
using loan tenure, processing fees and other factors. Choosing the right bank is essential and it must be selected according to your requirements.

Maximum loan amount which you can get
There are many factors affecting the maximum loan amount you can get from
the bank. These factors include credit score and salary. If you have good credit
score, close to 900, then you are more likely to get your loan approved.
If you do not have a good salary, it may happen that your loan will not get
approved. So it is crucial to have a decent salary before applying for a loan.
There is no maximum limit as such.
The necessary documents
Some of the common documents that are required for applying for the loan
are as follows:
 Income confirmation documents
 Address proof documents
 ID proof
 Copies of degree

Loan repaying process
There are various options that are involved in the loan repaying process. It
depends on bank to bank. It can either be completed through post-dated
cheques or through the Electronic clearance system (ECS). You have the
provision to pay the loan before the end date of loan tenure.
The loan is generally approved by the loan sanctioning officer. First of all, you
will have to submit all the documents, and then the verification of the details is
done. If the officer finds all the information appropriate, then only he/she
sanctions the loan. Once your loan is approved, you will get your loan within
the seven days.

Loan interests
As the personal loans are unsecured, banks generally charge you a higher rate
of interest. These interests rate varies from bank to bank.
You can even get you loan with a co-applicant. As the salary bracket rises, the
chance of the larger loan also increases. Make sure that none of you have a
poor credit score or you will have difficulty is getting large loans. Good credit
score is also essential because if you have a good credit score around 900, then you have more chances of reducing the interest rate of the loan.

BIATConsultant is leading business loan provider . Contact us now to avail our service of Financial Advisory .

July 15, 2018

COMPANY INCORPORATION – IS IT EXPENSIVE AND DIFFICULT?

Several entrepreneurs ignore the importance and significance of company
incorporation before they even begin. They have heard from uncle’s father’s
brother that the incorporation of a company is very expensive and a very
complicated process. So the question arises-why do the big firms and
companies own corporations if incorporation of company is full of spikes?

What is Company Incorporation?
A company generally comes into existence by a process known as
incorporation. After a company has been incorporated legally, it becomes a
distinct entity for those who invest their labour, assets and capital to run the
company. After promotion, the next stage in the establishment of a company is the incorporation or registration. The promoter of a company must perform
the following functions for getting the company registered under the
Companies Act.
First step is the approval of the proposed name of the company. Next step is
filling up the documents that are required during the registration. The third
step is the payment of the required fees as mentioned in the companies Act
1956. The final step is the registration of company. After these four steps, the
company is incorporated.

Incorporation of company offers something to everyone

Whether it is a well-established company or it is fresh new start-up,
incorporation of company has something to offer to everyone. There are heaps of advantages and benefits of company incorporation. Incorporating a business is like making a new entity inside the eye of legal system. This adds value to the business which is incorporated. General population is worried about the financial security of their money. After a business is incorporated in the company form, security is offered to greater part of population.

For the starters, company incorporation can be a real stress. Even for the
veteran entrepreneurs, incorporation of a company can be a challenging task
because there are certain formalities and paperwork that is required for it.

Help of company registration consultant must be taken to implement company incorporation. Even the highly experienced business associates and investors have no clue when it comes to company incorporation.

Company registration consultant makes incorporation easier

As we saw, how cumbersome and hectic the incorporation of company can be?
However, the incorporation can be made easier with some assistance. There
are company registration consultancy firms that assist in the registration of
company. These firms have in-depth knowledge of the process and the
paperwork that is required for registration. When a company is registered, it
becomes a legal company and follows the rules and regulation established by
the government.

That is the reason why the people take help of these professionals for
company incorporation. By exploiting the services of experts and advocates,
company incorporation will not be tough task for you. If we talk about
management fees for company incorporation, it differs from state to state
depending on the lawful share assets of the company. Likewise, fees charged
by specialists for company registration may vary from place to place.
With the expertise of these professional, the company incorporation can be
done with a blink of an eye.