Question
A set of three statements regarding Intellectual
Property Rights Policy launched in May 2016 are given below. Read each statement and answer whether each statement is true or false? Statement 1: The time for examination of patents to come down to 3 years from 7 years by March 2018 Statement 2: The time for examination of trademarks to come down to 15 days from 13 months Statement 3: 721 additional technically competent Patent Examiners appointedSolution
Intellectual Property Rights Policy launched in May 2016 is having salient features: •Strong TRIPS compliant policy framework, Ease of Access using World-class IT enabled patent offices •Internationally acclaimed systems for International Searching and Preliminary Examination of patent applications •Augmentation of Manpower: 721 additional technically competent Patent Examiners appointed •Time for examination of patents to come down to 18 months from 7 years by March 2018 •Time for examination of trademarks to come down to 1 month from 13 months by March 2017
Which type of account is specifically designed for the purpose of encouraging savings among minors in India?
X Ltd. forfeits shares for non-payment of final call. These are reissued at a discount. Where is the discount adjusted?
The standard cost of labour for 1 unit is 2 hours at ₹50 per hour. Actual production is 100 units and actual labour cost is ₹11,000 for 200 hours. W...
Which of the following is NOT classified as a financing activity under AS 3?Â
XYZ Ltd. plans to buy back 10% of its paid-up equity capital. It has reserves of ₹20 crore and total debt of ₹80 crore. As per Companies Act and SEB...
XYZ Radiology Centre acquired a new imported X-ray machine for Rs.10,50,000. Octroi paid on the machine was Rs. 5,000. Expenses of setting up and start...
A company records Net Sales of ₹60,00,000, of which 50% are on credit. The opening receivables were ₹2,00,000 and the closing receivables were ₹4,...
What is the minimum number of independent director on board of a listed company?
Once the Prospectus is filed with the Registrar of Companies, it is valid for how many days?
Which IND AS governs accounting for insurance transactions in India?