Purchase of trademark

Souvik Kumar Ghosh (CA Final)     01 May 2014

Souvik Kumar Ghosh
CA Final 
 22 likes  1368 points

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Trademark of a Partnership firm will be purchased by a Pvt Ltd Co, where the shareholders are the partners of a firm. In this case: 

1. What are the compliances for both the parties?
2. Is this transaction chargeable to VAT or Service tax?
3. What are the requirements under the companies Act?


Dave Nagar and Associates (Practising Company Secretaries & Trademark Attorney )     01 May 2014

Dave Nagar and Associates
Practising Company Secretaries & Trademark Attorney  
 9 likes  418 points

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no compliance requirement as far as Companies Act, 1956 is concerned. 


Board Resolution will be suffice. 

& details of such acquisition required to be disclosed in Board report u/s 217 of the Companies Act, 1956

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