Copyright refers to the legal right of the owner of intellectual property
Copyright means right to copy
This means that the original creators of products and anyone they give authorization to are the only ones with exclusive right to reproduce the work
Copyright with example
Copyright is a legal means of protecting an author’s work
It is a type of intellectual property that provides exclusive publication, distribution and usage rights for the author
Many different types of contents can be protected by copyright
5) fashion designs
6) training manuals
8) literary work
10) paintings etc
Types of works protected by copyright in India under section 13, chapter III of the copyright act 1957
1) literary works
2) dramatic works
3) musical works
4) artistic works
5) cinematograph films
6) sound recording
Type of work not protected in copyright in India
1) ideas, methods or systems
2) commonly known information
3) names, titles, short phrases or expressions
4) choreographic works
Elements required for copyright
Avoiding copyright infringement
If you ultimately agree with an article that has been written, take the main idea and right your own article in your own words
Don’t copy a blog post, change a few words, and pass it off as your own content
Benefits of copyright valuation
The value of copyright can be a significant factor in determining reasonable royalty rates for licensing agreements
The value of the copyrights can be an important factor in determining damages in cases of copyright infringement
They are of value when selling a business
Copyright valuation approaches
1) Income approach uses estimates of future estimated economic benefits or cash flows and discounts them, for the associated time and risks involved, to a present value
Each type of copyright has key sensitivities to consider such as duration of the copyright and the expected lifetime of its creator
What drives the value of the copyright ie new releases, buying the copyright valuation
2) Market approach uses market based indicators of value
For copyright this can be transactions involving selling, buying, franchising or licensing copyright and related IP rights, which are often in practice bundled together
3) Cost approach – the historic cost of creating a copyright and the estimated cost and time that would be required to create equivalent or replacement copyright
Copyright royalties and relief from royalty method
For copyright an important analysis for a valuation is the assessment of reasonable royalties that would be payable under a licence / license agreements
Intangible business assesses in the contest of the licensing strategy being employed and analysing complex elements including the inclusion of other commercial rights and obligations
The relief from royalty method has the advantage that it is based on the income approach
The fundamental premise of commercial value, and also uses components which can be benchmarked or compared under the market approach, with license / license agreements
It is therefore a rounded and commercial method
Advantages of copyrights
1) prevention of monetary loss
2) legal protection
3) pre-emptive measure
4) the incentive to create
5) protecting reputations
violation of copyright registration is commonly known as “piracy” in india
Disadvantages of copyrights
1) limited dissemination
2) limited protection
3) limited duration
Registrar of copyright
1) part 1 – literary works other than computer programs
2) part 2 – musical works
3) part 3 – artistic works
4) part 4 – cinematography films
5) part 5 – sound recording
6) part 6 – computer programs, tables and compilations
Procedure of copyright registration
1) application in the format of FORM IV has to have to be sent to the registrar along with the requisite fees
2) separate application has to be made for separate works
3) every application has to be signed by the applicant as well as an advocate in whose favor a vakalatnama or a POA has been executed
4) the registrar will issue a dairy no and then there is a mandatory waiting time for a period of 30 days for any objections to be received
5) if no objections received within 30 days, the scrutinizer will check the application for any discrepancy is there, the registration will be done and an extract will be sent to the registrar for the entry in Register of Copyright
6) if any objection is received, the examiner will send a letter to both the parties about the objections and will give them both a hearing
7) after the hearing, if the objections are resolved the scrutinizer will scrutinize the application and approve or reject the application as the case may be
the entire copyright filing is done online, and hence it can be done from anywhere in the country
The copyright head office is in Delhi
Registration will take 12 months after receiving a diary number
Documents required for copyright registration
1) name, address and nationality of the applicant
2) name, address and nationality of the author of the work
3) nature of the applicants interest in the copyright – whether the applicant is the author of the work or the representative of the author
4) copies of original work
5) ID proof of the owner and incorporation certificate if it is for business
REFRESHER COURSE OF 50 HRS EDUCATIONAL COURSE UNDER RULE 5(1)
REFRESHER COURSE OF 50 HRS EDUCATIONAL COURSE UNDER RULE 5(1)READ WITH RULE 12(2)(a) FOR REGISTRATION AS VALUERS UNDER THE BANNER OF CEV IAF RVO
REFRESHER COURSE OF 50 HRS EDUCATIONAL COURSE UNDER RULE 5(1)ALL INDIA ONLINE as per revised IBBI syllabus is proposed during:-
2021 under the banner of most trusted, economical, transparent & members friendly RVO… CEV IAF RVO
Land n Buildings
Plant n Machinery
Securities or Financial Assets
Fee package includes:-
1. 50 Hrs Educational Course fees
2. Study material Hard copies of copyright book by registered parcel
3. Study material soft copy of all subjects
4. MCQs bank and live support.
5. Specialized personalized help till EXAMINATION and afterwards
6. Subsidized concessional cost REFRESHER COURSE facilities for CEV IAF CANDIDATES to attend next physical batches any time and anywhere in INDIA.
8 HOURS CEP PROGRAM BY CEV IAF RVO (6 CREDIT POINTS)
For CEP – 8 Hours – Exclusive for Valuers Valuation Essentials Topics To Be Covered… 1. PRECAUTINS DURING SITE VISIT 2. PRECAUTIONS IN REPORT WRITING 3. VALUATION UNDER IBC. 4. INTERNATIONAL VALUATION STANDARDS
SPECIALISED EXPERT FACULTY FOR THE SESSION:-
ER SANJAY PATEL
Bachelor of Engineering (Instrumentation & Control), May 2003, Gujarat University Diploma in Instrumentation & Control, June 2000, Technical Education Board, Gujarat Gujarat Higher Secondary Education Board, March 1997.
Having experience of 15 years in field of Valuation of Tangible Assets. Sectors includes Petrochemical, Pharmaceutical, Steel, Cement, Power, Textile, Engineering, Logistics, etc.
CA ANKIT GOEL
B. COM(H), LLB, FCA, DISA (ICAI), RV (SFA), ID (IICA).
With experience of more than 9 years in valuation, he has managed valuation of assets having a book value of more than 25000 crores. He is an active speaker on valuation, Insolvency, Forensic audit and other subjects at many RVOs and at events organized by other Professional organizations & industry associations.., etc.
DR RAJWINDER SINGH
PhD in STRUCTURAL ENGINEERING, M TECH. (STRUCTURAL ENGINEERING), DIPLOMA IN RAIL TRANSPORTATION & MANAGEMENT, MASTER OF VALUATION, SIX MONTHS COURSE IN VALUATION OF REAL ESTATE.
Having experience of 24 years of Experience in Technical Field, Teaching Faculty & HOD in Engineering College, Valuation of Immovable Properties, etc.
NO FEE PAYABLE TO CEV IAF RETAINERSHIP MEMBERS WHO FAILED TO ATTEND 16 HOURS OF CEP IN MAY-JUNE-JULY-2020 SESSIONS
OTHER FORTHCOMING CEP PROGRAMES
2 HOURS EACH ON THE TOPICS AND ON THE DATES ANNOUNCED BY THE ORGANISATION CEV IAF RVO
Proposed Topics for CEP OF 2 HOURS EACH.
1. Non Standard Valuations not given in any book.
2. Valuations for TDR generated from Lands reserved in Development Plan.
3. Valuation of a project for cost of construction for Income Tax Department.
4. Valuation for the purpose of redevelopment of existing building with extra FSI.
5. Valuations for Agricultural land that can be converted to Non agricultural use
6. Valuations against Stamp Duty ready recknor for lands sold under distress sale.
7. Valuations for Banks under clause on Indemnity Bond.
8. Valuation for bid to be given in Auction process.
9. Court preparations to justify your report.
10. Defending yourself in case of raid on your office for Valuations.
11. Use of Internet for Valuations.
12. Challenges in Valuation of properties in India.
13. Valuation of properties occupied by slums.
14. Valuations to asses present cost of Construction to change contractor.
15. Valuation of leasehold property to surrender balance lease period to the owner.
16. Valuations of tenanted properties to be handed over to Owner and for Capital Gains of same.
17. Percentages for deduction for different factors not in favor of the property.
18. Different factors affecting Valuations in various parts of India due to changes in local rules.
19. Valuation of properties in CRZ zones for sale
20. How to justify your Valuation Report and defend in case challenge by Banks.
21. Different sources available in India to get property rates .
22. Common mistakes/ checklist for valuation reports
23. Income approach for L&B & Plant & machinery & valuation of going concern
24. DCF Valuation – practical approach.
FEE FOR TWO CREDIT HOURS RS-500/-
NO FEE PAYBLE TO CEV IAF RETAINERSHIP MEMBERS WHO FAILED TO ATTEND 16 HOURS OF CEP IN MAY-JUNE-JULY-2020 SESSIONS
Fee package includes:-
1. One time Enrolment fee for RVOs membership
2. Lifetime PRIMARY membership & 50 Hrs Educational Course fees
3. Study material Hard copies of copyright book by registered parcel
4. Study material soft copy of all subjects
5. MCQs bank and live support.
6. Specialized personalized help till EXAMINATION and afterwards
7. Subsidized concessional cost REFRESHER COURSE facilities for CEV IAF CANDIDATES to attend next physical batches any time and anywhere in INDIA.