Indian Economy

08 Jul
5

E-filing of Copyright in India:

In government, Indian Economy, Official Blog, Services on Perfection

A copyright is essentially a right not to copy someone’s work. A copyright gives the owner of the subject an exclusive right over his work. If a work is protected by copyright, no one can imitate, copy or reproduce the original work in any other way.

 

The register of the Registrar of Copyrights is divided into 6 categories:

PART – 1: Literary works other than computer Programs

PART – 2: Musical Works

PART – 3: Artistic Works

PART – 4: Cinematography Films

PART – 5: Sound Recording

PART – 6:  Computer Programs, tables & Compilations

 

 

Copyright can be taken for the following works:

  • Music
  • Books
  • Manuscripts
  • Films
  • Fashion Designs
  • Training Manuals
  • Software
  • Literary Work
  • Paintings etc.

 

Documents required:

A copy of the work needs to be provided along with the address and identity proof of the owner is required. For a company, the name of the company along with its Certificate of Incorporation and Address proof is required.

 

 

Details required for Copyright Registration:

Personal details: This includes the name, address and nationality of applicant. Applicant should specify the nature. Whether he is the owner or the representative.

Nature of the work: This includes class and description of the work, title of the work. In case of a website copyright, give the URL of the website. You also need to mention the language of the work.

Date of publication: Mention the date of publication in internal magazines (if possible). Like a company magazine or a research paper submitted to a professor does not count as publication.

 

Copyright Registration:

The Copyright Act, 1957 helps you in protecting the original or genuine literature, drama, music and artistic work. And ideas, procedures or even the methods of operation can never be copyrighted. In a layman’s language, a copyright is an exclusive right granted to the owner in order to protect his work from being copied, exploited or misused.

Doing a particular work takes lots of efforts and energy and therefore protecting the work done is as important as doing a work. Hence, one of the mediums through which one can protect as well as enjoy certain rights over his/ her works is Copyright.

The only owner of registered work can use the product or even can grant permission to another person.

 

Procedure:

Visit copyright.gov.in

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Pay the requisite fees.

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  • Every application has to be signed by the applicant as well as an Advocate in whose favor a Vakalatnama or a POA has been executed
  • The registrar will issue a Dairy No. and then there is a mandatory waiting time for a period of 30 days for any objections to be received
  • If there are no objections received within 30 days, the scrutinizer will check the application for any discrepancy and if no discrepancy is there, the registration will be done and an extract will be sent to the registrar for the entry in the Register of Copyright.
  • If any objection is received, the examiner will send a letter to both the parties about the objections and will give them both a hearing.
  • After the hearing, if the objections are resolved the scrutineer will scrutinize the application and approve or reject the application as the case may be.

 

For registration of copyright or for any queries regarding the same contact kiran@jain.software

08 Jul
6

Trademark e-filing in India:

In Business, government, Indian Economy, Official Blog, Services on Perfection

India was placed second from Bottom out of 38 countries, in the US Chamber of Commerce’s International Intellectual Property Index.

While Prime Minister Modi is keen on strengthening India’s intellectual property environment, the report stated that Indian law does not provide adequate enforcement mechanisms to effectively combat online piracy.

A trademark is anything that customers identify the brand by, whether a word, logo, sound, graphic or even a color combination. While registration is not necessary, it gives one the indispensable benefits.

Trademark can be protected under 45 classes (i.e. sectors). Trademarks in India are divided into 45 different classes or sections. An example of a class is, say, IT, confectionaries, cosmetics etc. When one applies for registration, he needs to ensure that he’s registering under the correct class or section, as relevant to the business activities.

The trademark cannot be copied by someone under the same trademark class. However it may be used by someone under different trademark class.

One needs to register the trademark the moment brand gains traction, as it ensures that you are the sole owner of the brand. The reason behind making a faster entry into the trademark register is simple. If you do not register for the trade name or mark in time, someone else, with same business interest might do so in near future.

It is safer to register for trademark protection as soon as your business takes off successfully. Or you risk having to change your brand name altogether, which may have an impact on retaining your original customers.

Your trademark is valid indefinitely. However, you need to renew the trademark application every 10 years.

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If going through proprietor code, make sure you sure you have class3 digital signature, or else get one, to proceed further.

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After successful submission, go to the payment section.

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You will receive the response for the application filed within a month

 

For registration of trademark or for any queries regarding the same contact kiran@jain.software

14 May
6
pmjdy

A FAR REACHING FINANCIAL INCLUSION PROGRAM (JAN DHAN YOJANA )

In Banking, Business, Entrepreneurship, Indian Economy, Marketing, Official Blog

How can a country develop if a larger chunk of its population is left behind? If a greater portion of its masses still remains unbanked? In order to justify the title ‘developing country’ financial inclusion is a must for India.

Through the years, the government of India and Reserve bank of India have taken various measures to achieve the goal of financial inclusion. The PRADHAN MANTRI JAN DHAN YOJANA is perhaps the largest financial inclusion drive in the world, and having its achievements recognized by the Guinness worlds records is undoubtedly a crowning achievement.

The benefits under the Pradhan Mantri Jan Dhan Yojana scheme are:

  • Interest on deposit.
  • Accidental insurance cover of Rs.1 lakh
  • No minimum balance required.
  • The scheme provides life cover of Rs.30,000/- payable on the death of the beneficiary, subject to fulfillment of the eligibility condition.
  • Easy Transfer of money across India
  • Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
  • After a satisfactory operation of the account for 6 months, an overdraft facility will be permitted
  • Access to Pension, insurance products.
  • The Claim under Personal Accidental Insurance under Pradhan Mantri Jan Dhan Yojana shall be payable if the RuPay Cardholder has performed minimum one successful financial or non-financial customer induced transaction at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc. Channel both Intra and Inter-bank i.e. on-us (Bank Customer/RuPay card holder transacting at same Bank channels) and off-us (Bank Customer/RuPay card holder transacting at other Bank Channels) within 90 days prior to the date of the accident including accident date will be included as eligible transactions under the RuPay Insurance Program 2016-2017.
  • Overdraft facility up to Rs.5000/- is available in only one account per household, preferably lady of the household.

 

Expediently moving towards its target to provide universal access to banking facilities, the scheme has offered immense benefits and has a plentiful share in the success stories of financial literacy and financial inclusion.

  • However, In comparison to the rural and urban branches, it depicts that the rural branches have more bank mitras as compared to urban branches. It reflects that the rural branches require this facility to connect with the customers. The urban branches have a comparatively less requirement of bank mitras. This concludes that the urban branches perform well compared to rural branches in the case of requirement of bank mitras.
  • Also, When compared to rural and urban branches, the awareness level of customers with regards to the facilities under the PMJDY scheme is more in the urban branches than the rural branches. This concludes that the rural branches should improve on customer awareness.
  • Besides, In comparison to rural and urban branches, rural branches allow a fewer number of accounts per household when compared to urban branches. This talk about the requirements and facilities provided in maintaining the accounts. Thus when compared, it is seen that the urban branches have a better maintenance of PMJDY accounts.
  • Most of the customers in the rural branches face a problem with language and face a problem of illiteracy.
  • Rural branches have a better reach to the PMJDY customers as compared to the urban branches. In addition to it, the rural branches witness more transactions pertaining to RuPay card when compared to that of the urban branches.

 

A way ahead:

  • With regards to the deduction of premium based on the responses, it is seen that few of the rural and urban branches deduct premium for the insurance facility whereas the other branches do not. Therefore, a uniform system of deduction of premium should be maintained so as to bring about equality.
  • Duplication of accounts should be allowed in all the branches provided that it is opened in different branches. This promotes the sense of saving and also attracts the customers because of the various benefits available to them.
  • The customers should also be educated with the use of E-mail and mobile applications to facilitate their work and transactions. This reduces the cost of visiting the branches and helps in providing easier and faster services to customers.
  • The satisfaction level of the PMJDY customers must be monitored from time to time so as to provide the best possible services.

 

PMJDY, a long felt-need National Mission on Financial Inclusion committed itself for an integrated approach to bring about comprehensive financial inclusion of all the households in the country enabling especially low income group people to get rid of moneylenders, cultivate the habit of saving, and most importantly, benefit from string of financial products and services offered by banking system Pradhan Mantri Jan Dhan Yojana has seen positive results and is still continuing on an upward trend. The progress of all proposed strategies needs to be checked on regular basis and effectively implemented within specified time bound framework. Only by enlightening the people about the formal finance source, the country can achieve true inclusion, otherwise PMJDY will always remain something so close, yet so far.

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