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According to Section 60 of The Patents Act, 1970, an application for the restoration of the patent can be made by the patentee or their legal representative and the petition should be applied to the controller at the Indian Patent Office (IPO) within eighteen months from the date at which the patent ceases to have an effect. [20]
In 1970, amendments to the Indian Patents Act abolished product patents but retained process patents with a reduced span of protection. During the absence of any product patent regime, the Indian pharmaceutical industry grew at a remarkable pace, ultimately becoming a net exporter, the world's third-largest by volume, and fourteenth-largest by ...
The Patents Act, 1970 [11] was brought into force on 20 April 1972, and further amendments were carried in 1999, 2002 and 2005. [12] The Patent Rules, 2003 was introduced along with the Patent Act (amendment), 2002 on 20 May 2003, [13] and recent amendments were carried in 2016, and 2017.
Patent Act. Patent Act and Patents Act (with their variations) are stock short titles used in Canada, India, Malaysia, New Zealand, the United Kingdom and the United States for legislation relating to patents. A Patent Act is a country's legislation that controls the use of patents, such as the Patentgesetz in Germany.
Computer programs and the PCT. v. t. e. The Patent Cooperation Treaty (PCT) is an international patent law treaty, concluded in 1970. It provides a unified procedure for filing patent applications to protect inventions in each of its contracting states. A patent application filed under the PCT is called an international application, or PCT ...
Under the Indian Patent Act (1970), "inventions" are defined as a new product or process involving an inventive step and capable of industrial application. [7] Thus the patentability criteria largely involves novelty, inventive step and industrial application or usability of the invention. In addition, section 3 of the Patent Act, 1970, also ...
In the year 1957, the Government of India commissioned Mr. Sehgal for creating a bronze mural for Vigyan Bhavan, the most prominent International Convention Hall in Delhi. The Bronze sculpture so commissioned, of about 140 ft. span and 40 ft. sweep took five years to complete and was placed on the wall of the Lobby in the Convention hall.
The pharmaceutical industry in India was valued at an estimated US$42 billion in 2021 and is estimated to reach $130 billion by 2030. [1] India is the world's largest provider of generic medicines by volume, with a 20% share of total global pharmaceutical exports. It is also the largest vaccine supplier in the world by volume, accounting for ...