The Trade Marks Act,1999
38. Assignability and transmissibility of registered trade marks.—
Notwithstanding anything in any other law to the contrary, a registered trade mark shall, subject to the provisions of this Chapter, be assignable and transmissible, whether with or without the goodwill of the business concerned and in respect either of all the goods or services in respect of which the trade mark is registered or of some only of those goods or services.
This section provides that a registered trade mark is assignable and transmissible with or without the goodwill of the business concerned.