We cannot copy the principles that were evolved in an entirely different context and transplant them here. Trade mark is a type of industrial property. The ownership of trade mark has developed entirely in a different context in England, in America, in Australia and other countries. When the capitalist economy was thought to be sacrosanct, when it was considered that nothing could be done against the ownership of a particular property, these principles were evolved. Here, when we have set before us the social objective of establishing a socialistic pattern of society, when we have decided to have, besides a heavy industries sector, a cottage industries sector and a small industries sector, it is perfectly obvious that we cannot transplant those principles and ideas without the necessary modifications. If we look at the Bill, it will be perfectly obvious that, though the joint Select Committee has amended it to some extent, as far as this imporant aspect is concerned, it has ignored the fundamental or the basic objectives. Let me illustrate my points I have just now informed the House, our social objective is to establish a socialists pattern of society. But we also envisage a heavy industries sector, a cottage industries sector and also a small industries sector. Accordingly, we visualise production to take place not only in the big mills owned either by the State or by the big capitalist but also in cottage industries and small scale industries many attempts made in behalf of the local industrialists to manufacture matches, but they could not withstand the competition. One of the weapons devoted follower of Gandhiji and the present member of the India Khadi and village Industries Board, Shri Satish Das Gupta especially. I have mentioned several times how this particular bill is very restrictive and how it will hamper the normal growth of companies in this country. It is a pity that when we are on the there should be the tenth five year plan, such a measure should be passed in his house. I would now like to make a few observations about the speeches of some of the hon. Members here. Shri Ashok Mehta justifies the restrictions on managing agents by saying that managing agents are no longer the main source of finance. He also argues that profits have been high and will continue to remain high, and, therefore, he would like to see the managing agents being paid on a sliding scale.
