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BSE’s iconic Phiroze Jeejeebhoy Towers secured its trademark: Details, Importance
BSE’s iconic Phiroze Jeejeebhoy Towers secured its trademark: Details, Importance, About
Bombay Stock Exchange (BSE) has secured image trademark for its iconic building, 'Phiroze Jeejeebhoy Towers' located on Dalal Street in Mumbai, Maharashtra under Trade Marks Act, 1999. With this, Phiroze Jeejeebhoy Towers joins the elite club of distinguished structures around the world that have secured trademark rights.
Importance
After this, no one can use images of the Phiroze Jeejeebhoy Towers for commercial purposes without consent from BSE or paying it a licensing fee. Violators are liable to be prosecuted under the Trade Marks Act, 1999.
About Phiroze Jeejeebhoy Towers
BSE’s Phiroze Jeejeebhoy Towers serves as a barometer of Indian economy. It is a 28-floor building and was built almost 10 years, completed in 1980.
At the time of its completion, Phiroze Jeejeebhoy Towers was the tallest building in India. At present, it was known as BSE Towers and was later renamed after late chairman of BSE, Sir Phiroze Jamshedji Jeejeebhoy. BSE was founded in 1875. It began as a small group of brokers who functioned under a banyan tree on Dalal Street.
