Purchase of trademark



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?

 
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Practising Company Secretaries & Trademark Attorney

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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