Indicate the true statement :
The Trade Marks Act, 1999 applies to services also.
Each statement has to be checked against the law as it stood in June 2014.
Large industrial houses: the Competition Act, 2002 applies to every enterprise, whatever its size or ownership, because it regulates conduct (anti-competitive agreements, abuse of dominance and combinations) rather than size as such. It was the old MRTP Act, 1969 that singled out large houses by asset size. Big business groups are fully within the Competition Act, so this statement is false.
Frivolous complaints: Section 26 of the Consumer Protection Act, 1986 allows the District Forum, State Commission or National Commission to dismiss a frivolous or vexatious complaint and to order the complainant to pay costs of up to ₹10,000 to the opposite party. A curb therefore exists, and this statement is false.
Trade marks and services: the earlier Trade and Merchandise Marks Act, 1958 protected marks for goods only. The Trade Marks Act, 1999 (in force from 15 September 2003) defines a trade mark as a mark capable of distinguishing the goods or services of one person from those of others, so service marks of banks, airlines, hotels and the like can be registered. This statement is true.
Because two of the statements are false, the claim that all of them are true also fails. Only the statement on the scope of trade mark law is correct.
Hence, The Trade Marks Act, 1999 applies to services also.
Similar Questions
Which of the following refers to a situation in which the merger of companies results in over 25% of the market in the hands of the merged companies ?
The time limit for filing a complaints before the District forum under the Consumer Protection Act, 1986 is
The Competition Act, 2002, seeks to regulate
Which of the legislation(s) do (does) not form part of the legal environment of business in India ?
Match the items/terms given in List-I with those given in and List-II.
List – I List – II (a) BIS (i) Print Media (b) CERC (ii) Minimum support price for agricultural products. (c) CACP (iii) Quality of manufactured products. (d) PCI (iv) Comparative product testing. Indicate the correct answer :
Codes :
(a) (b) (c) (d)
Which of the following is true ?
Match the items of List – I with List – II :
List – I List – II a. Industries Development Regulation Act i. 1947 b. Import and Export Control Act ii. 1948 c. Foreign Exchange Management Act iii. 1951 d. Factories Act iv. 1999 Identify the correct combination :
Codes :
a b c d
Which of the following is an example of an issue for which an agreement has not been made between two or more countries ?
Statement-I : Legal agreements between two countries govern how both the countries tax earnings.
Statement-II : International Law may determine how and whether companies can operate in a certain locale.
Codes :
Important Questions from Legal Environment
- A sudden shift from import tariffs to free trade may induce short term unemployment in
Given below are two statements, one labelled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A): Consumers need to be given legal protection against certain trade practices and business methods.
Reason (R): Protection as per market forces and 'Caveat Emptor' is not enough as perfectly competitive market is an economist's dream and consumer sovereignty is a myth.
According to FEMA, foreign exchange does NOT include
1. Deposits payable in any foreign currency
2. Bills of exchange drawn in Indian currency but payable in any foreign currency
3. Traveller's cheques drawn by institutions outside India but payable in Indian currency
4. Drafts drawn by banks outside India and payable in foreign currency
Which of the following laws does not affect business organizations?
Which of the following sections of Companies Act, 2013 facilitates amalgamation, absorption and reconstruction of companies?
1. 319
2. 320
3. 410
4. 502
