Question: You are a brilliant post graduate computer science engineer having more than two decades of experience in a reputed MNC in the world. You have

You are a brilliant post graduate computer science engineer having more than two decades of experience in a reputed MNC in the world. You have written a logic based on Algo for supply chain management. You have got the logic registered as IPR in your name. Incidentally, you have inherited 5 lakhs from your deceased grandfather. Now with this seed money, you are keen to set up your ITES business.

Based on the above, please attempt the following queries:

a. What is IPR? Discuss with examples different types of IPR. What will be name of the IPR for the product designed and patented by you?

b. Elaborate the characteristics and advantages of a Dormant Company?

c. Discuss the characteristics of Public Company as provided under the Companies Act 20?

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