In an unprecedented move, the Enforcement Directorate has slapped money laundering charges on two Indian firms for violation of the Trade Marks Act. In April 2013, the Steel Authority of India (SAIL) lodged a complaint with the Chhattisgarh Police against two Raipur-based companies (Ms Alankar Alloys Pvt Ltd and Ms Pankaj Ispat Ltd) for manufacturing TMT steel bars for using the SAIL trademark without authorisation. Our readers may be aware that under the Indian Trade Marks Act it is an offence...
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