The Internet Domain Names have now become much more than mere
representing the websites of different companies on the Internet.
Today, in this age of well-developed information technology and
worldwide businesses through Internet, these domain names have
attained the status of being business identifiers and promoters.
Since the commercial activities on the Internet are to go on
increasing day by day, the importance and usefulness of domain
names too, are to be enhanced for the purposes of greater
publicity, popularity, and profitability of businesses in all
economic sectors. According to Bill Gates, the founder of
Microsoft, "Domains have and will continue to go up in value
faster than any other commodity ever known to man". Broadly,
the functions of domain names are now quite similar to the
functions of a trademark or service mark, for these purposes. Ours
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