According to the Trademark Act 1999,the validity of Trademark is 10 years,after which it has to be renewed with renewal charges if the applicant wants to extend the validation.The period of validity (10 years) may vary according to the state.
Renewal
After the validity of trademark,if the applicant needs to extend the trademark he/she should renew the application.The renewal request should be submitted before 6 months of the end of validity.There will be a notification from the registrar of trademarks reminding you to renew.The notification letter will specify the conditions of the termination & charges for renewal.If the renewal is not done then the trademark will be removed from the official Trademark Register, called Trademark Journal.Fro renewal,a TM-R should be filed.An authorised agent/body can do this without the applicant to be involved.
There are two opportunities for renewal:
- Application for renewal without any changes
- Application for renewal with changes and alteration to any sign or words in the existing trademark.
The renewal application for a trademark is made in the TM-12 form. Even though the applicant itself can do the procedure it is advised to consult an expert for the process.
Once the application is approved the trademark will be published again & will be noted in the official Trademark Journal.This will provide the owner further trademark rights for the regional validity time to his/her intellectual property.
Procedures
Renewal can be an online procedure(e-filing) or an offline procedure (in-person). Trademarks can be renewed or restored.
Renewal charges:
- MSME and individual startups - Rs 5000 ( offline / in-person )
- Rs 4500 ( online / e-filing )
- Under section 25 for each class - Rs 10,000 ( offline / in-person )
-Rs 9000 ( online / e-filing )
Most people prefer online filing due to :
- Quick and faster renewal than in-person
- Convenient filing with easy steps
- Regular online tracking of your trademark status
Missed out Deadline
Even Though you missed out to file before the deadline,you will have an option to apply after 6 months of expiry adding up a late filing fee.
The period of validity can be extended by paying extra charge.This will vary according to your consultant.So its important to approach the right expert for the process.
Visit: https://gspustartup.com/blog/online-trademark-registration/
A funding body for budding/developing firms is known as VENTURE CAPITALIST.How can we build such a fund in India?Let’s check: Ensure the eligibility benchmarks:The initial step is to apply for the venture capital fund.The SEBI board checks all the norms and ensures whether the eligibility benchmarks are achieved t0 permit the “Venture Capital Fund”.The considering eligibility benchmarks are: For TRUST: should be registered properly under the registration Act provisions.For LLP:should be registered properly under the Limited Liability Partnership Act 2008.
For BODY CORPORATE: The VCF activities are handled by the Memorandum of company.Apply to SEBI Submit your application to SEBI through appropriately filled, numbered, duly signed and stamped Form A, along with the required documents.An application fees of Rs.1 lakh should be submitted through bank draft.Online application are also acceptable under the specified rules.
Application status Review If the board approves the application,then the approval will be informed to the applicant.Compliance for applicant/sponsor/managerThere should not be any offence charged against the Director or any prime individual for moral turpitude or they must not be part of any lawsuit connected with the share bazaar which will affect the business.VFC should be efficient and effective to handle the operations.A clear report of the investing purpose,aimed investors,proposed body,investment structure,and details of fund return should be submitted at the registration time.The individuals under the Schedule II of SEBI Regulations are only acceptable.Registration fee payment:After the SEBI approval,an amount of Rs 10 lakh must be released as mentioned in Part A of the Second Schedule as per mentioned in the Part B in considering the Securities and Exchange Board of India.
Issuing Registration Certificate:After the payment the SEBI will issue the certificate as ‘Venture Capital Fund’ in Form B.
Compliance filing:After registration, monitor the SEBI website regularly,to know the instant VCF updates.If any material change occurs,inform the SEBI instantly.VENTURE SCHEME for FARMERSVenture Scheme for farmers is an interest free loan from SFAC (Small Farmers’ Agri-Business Consortium - society for farming, collaboration and farmers welfare, ministry of farming ).Government of India are already facing many financial shortages so venture scheme will be a relaxation.The need for Venture Scheme in Agriculture is that:To financially support agripreneurs to make reserves in setting agroindustry ideas.Set up interest free credit to the start-up.Eligible Applicants for Venture CapitalCompany/ AgripreneursPartnership or proprietary firmsFarmersUnits in agri-export regionsSelf-help groupsProducer assembliesRequired Documents: Request a letter to the Chief management of SFAC(Small Farmer’s Agri-Business Consortium )by the promoter.Authority approved sanction note,addressed to specific departments.An agreement supporting farmer’s list/backward linkage.A bank's permission note signed by the authorised authority mentioning the terms of sanction of term loan.
A Bank’s acknowledgement assuring, they will not absolve any primary or collateral security without the venture capitalist acknowledgement.
How do you raise funds for your startup business?Investors look for many things before funding a brand new venture.
How strong the business model, expansion, and expenditure plans are and how investors will receive their return matter the most to attract funds.Many things are intimidating young entrepreneurs in raising finance for their startups.
We have explained the 5 most common funding trials in the below post to help entrepreneurs find adequate funding for their new venture.
