law: Trade Marks Act, 1999  
  37. Power of registered proprietor to assign
  
  and give receipts.- 
  The person for the time being entered in the
  
  register as proprietor of a trade mark shall, subject to the provisions of this
  
  Act and to any rights appearing from the register to be vested in nay other
  
  person, have power to assign the trade mark, and to give effectual receipts for
  
  any consideration for such assignment.