This article chronicles the remarks of senior officials citing the advantages of amending the Trademarks Act for accession to the Madrid Protocol. These changes are to be incorporated in the Trademark Amendment Bill currently with Parliament.
The advantages of such amendments will be as follows:
1. Allowing Indian companies to apply for registration in multiple destinations from their local offices.
2. An 18 month deadline will be applicable for Indian companies applying for trademarks.
3. Global protection under the Madrid system can be availed of.
4. All these factors will be speak up the process of registering trademarks globally.