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A well conceived company/business name is a very important asset of any business and will represent your products or services in a better way and establish a very credible branding of your business but you will fell robbed of the time and energy you have employed in conceiving the idea, if your name is being used by any other person without your permission. You will be able to take action against the person misusing but till than a lot of damage would already been done.
In case you are LLP/Company established in country other than India and a LLP/Company with name similar to your business is already incorporated in India, than in case you are planning to establish your business in India you will not be able to incorporate a LLP/Company by that name and will not be able to utilize your well established & known company/business name.
LLP Act 2008 takes in account the importance of Intellectual Property for Foreign Companies/LLP and provides for special provision, whereby Foreign Companies/LLP interested in establishing LLP in India, can reserve its existing name by which it is registered in the country of its regulation or incorporation for forming an LLP in future on payment of fees of INR 10,000. On reservation, no LLP will be formed with the reserved name during the course of reservation.
Provided that such reservation shall be valid for three years but may be renewed on fresh application along with payment of fee of INR 5000.
LLPonline.in can help you in reserving your name and saving, your precious brand value for just INR 25,000 excluding the statutory filing fees.
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