It may be an excellent thought to register your copyright. Doing so benefits the concerned party to prove ownership and if one has to initiate criminal proceedings against the infringers. In most cases, though, registration of IPRs is not crucial to maintain a copyright infringement claim in India.
FAQ Category: Services
Is it compulsory to register Patents of IPRs?
In the case of patents, it is not mandatory to get them registered. But with registration, they are protected as legal ownership is with the person whose name appears on the patent register.
How does registration help in the protection of IPRs?
Registration of IPRs confirms the ownership of the intellectual property. It helps to monopolize the creation and ensures that no one else uses the invention without the consent of the actual owner so that the owner gets the monetary benefits
How can one protect the IPRs?
- Use the IP regularly and correctly
- Register the IPRs.
- Be vigilant against misuse and infringement of IPRs.
- Go for Legal Action without delay.
What are the fundamental principles of protection for IPRs?
- National Treatment- Any foreign national applying for a particular IPR in another country will get the same protection as that country provides to its nationals.
- Minimum Period of Protection- The protection is granted for a minimum period known as the term of the IP.
- Scope of protection- The scope of protection depends upon the kind of intellectual property and international norms.
No conditions – If the Intellectual Property fulfils the essential criteria like novelty, originality, innovation, workability, etc., it gets the protection sought.
What are the various types of intellectual property protection?
- Patents
- Trademarks
- Copyrights
- Trade secrets
Whether IPRs are protected in the country of origin only or not?
Intellectual Property Rights need protection not only in domestic markets but also internationally. Therefore, one must file a separate application in all the nations to protect IPR.
What is the main objective of FEMA?
FEMA ensures that there is orderly development and maintenance of the foreign exchange market in India, and external trade and payments are in order as well. FEMA deals with all the provisions relating to the procedures, formalities, dealings, etc., with respect to the foreign exchange transactions in India.
The transactions relating to the foreign exchange have been classified under FEMA in two main categories,
- Current Account Transaction,
- Capital Account Transaction.
What kind of incomes are charged to the tax under the head of “Capital Gains.”?
Under the head “Capital Gains”, any gain or profit arising from the transfer of a capital asset during the year is charged to the Tax.