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The Trade Mark Rules, 2017 have been notified and have come into effect from March, 2017. These Rules, which replace the erstwhile Trade Mark Rules 2002, will streamline and simplify the processing of Trade Mark applications. Some Significant Features of the Revamped Rules are as follows: 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. Modalities for determination of well-known trademarks have been laid out for the first time. The provisions relating to expedited processing of an application for registration of a trade mark have been extended right upto registration stage (hitherto, it was on

The GST Council on Saturday fixed a 5 per cent tax rate on small hotels and restaurants and approved draft of key supporting legislation's to enable roll out of the new indirect tax regime from 1st July. "GST looks on track. Subject to Parliament approval, it looks like the possible date of implementation of GST is July 1," Jaitley said after the 11th GST Council meet concluded in New Delhi. The all-powerful Council approved the final draft of Central GST (C-GST) and Integrated GST (I-GST) and will take up for approval the State-GST and Union Territory-GST (UT-GST) laws at its next meeting on 16th March 2017. The C-GST, which will give powers to Center to levy GST on goods and services after union levies like excise and service tax are subsumed, and I-GST that is to be levied on inter-state supplies, will go to Parliament for approval in the second half of the Budget session beginning March 9, "Finance Minister Arun Jaitley" said. The S-GST, which

A sole proprietorship is a business that is owned, managed and controlled by one person. It is one of the most common forms of business in India. Proprietorships are very easy to start and have very minimal regulatory compliance requirement for getting started. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor's. A sole proprietor may use a trade name or business name other than his, her, or its legal name. They will have to legally trademark their business name, the process being different depending upon country of residence. Step by Step Process Decide a name for your Business Research it to avoid trademark infringement. This can be done by entering the desired name into a search engine or exploring your county or state's fictitious name database. Register your Busin