Scope of audit committee as per corporate governance in a listed company

Meeting of Audit committee: The audit committee should meet at least four times in a year and not more than four months shall elapse between two meetings. The quorum shall be either two members or one third of the members of the committee whichever is greater, out there should be a minimum of two independent members present. Power of audit committee: The committee shall have powers, which should include the following: Investigating any activity within the terms of reference. Obtain…

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Trademark license agreement and its supremacy

For the license agreement, the relationship of licensor-licensee would not come into existence. The agreement is the prerequisite for registration or any regulation in the area of rights and obligations or in other business relations of the parties. Under the 1999 act by virtue of section 48(2) and section 2(1)(r) there is a clear recognition of common law licensees. The 1999 act is silent about necessity of quality control in the definition of permitted use. License agreement is supreme and…

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Do you want to know about the legal effect of share certificate

Legal effect of share certificate: Share certificate is prima-facie evidence to the title of the person whose names is entered on it. It is a statement specified by the company, the moment it got issues, the person who named in it will be the legal owner of the shares. The mentioned shares would be paid up to the extent stated. It does not constitute a title but it is merely an evidence of the title. It is actually a statement…

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Protection of trademarks by registration or legal environment

Protection of trademarks by registration or legal environment is what we are going to discussed here in a detailed way. Here, surely you may end up knowing some of the relevants facts related to trademark. Protection of trademark: A trademark may be appropriated or usurped together with all its attendant rights, reputation and property for that brand for the market of any country. Such a thing can happen with an Indian mark anywhere in the world and even in developed…

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How to exploit the trademarks by licensing which turns into a business?

Licensing of trademarks allows the exploitation of trademarks or their market power world-wide. A prestigious trademark originating anywhere in the world may be used in any country, irrespective of whether it is registered or unregistered in the country of its origin or where it is sought to be used under a license. Exploiting trademarks by licensing: In order to exploit a trademark value, licensing programme helps for it. Trademark can be treated as a profit centre. But, the main thing…

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