Companies Act - Stamp duty @5% market value of property is liable to be paid only when property is situated within State of Madhya Pradesh otherwise not : HC (See 'Legal Desk') SEBI Act - Final opportunity of inspection of documents and cross-examination of witnesses should be given to Appellants : SAT (See 'Legal Desk') SARFAESI Act - Mere discovery of new or important matter or evidence is not a sufficient ground for review ex debito justitiae : HC (See 'Legal Desk') Conference organized on Maritime Amrit Kaal Vision 2047 (See 'Corp Brief') PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') CSIR, NIScPR organize national workshop to celebrate World Intellectual Property Day (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief') IBC - Corporate Insolvency Resolution Process can be initiated for failure to repay debt due and payable : NCLT (See 'Legal Desk') CCO declares grading of coal and lignite mines (See 'Corp Brief') SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC (See 'Legal Desk') PM addresses Conference on Disaster Resilient Infrastructure (See 'Corp Brief') SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'Legal Desk') CCI okays subscription to debentures of Napino Auto by IFC (See 'Corp Brief') Constitution of India - Writ jurisdiction of Court cannot be used by party for collecting evidence and documents against another party, against whom petitioner has pending disputes : HC (See 'Legal Desk') World Energy Congress 2024: Power Secy, Ambassador to Netherlands inaugurate India Pavilion (See 'Corp Brief') PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC (See 'Legal Desk') Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI (See 'Legal Desk') CSIR implements new in-house 'Accounts Manager Software' for financial management (See 'Corp Brief') PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC (See 'Legal Desk') SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC (See 'Legal Desk') IREDA reports All-Time High Annual Net Profit, NPAs below 1% (See 'Corp Brief') SARFAESI Act - District Magistrate is under statutory obligation to decide application u/s 14 of the SARFAESI Act within thirty days : HC (See 'Legal Desk') IBC - Wilful defaulter proceeding cannot be relatable to recovery of debt but is merely an off-shoot of debt : HC (See 'Legal Desk') Competition Act - Since it is agreement between enterprise and end consumer, same is not covered within ambit of Section 3(4) of Act: CCI (See 'Legal Desk') Govt announces election of 11 members Veterinary Council of India (See 'Corp Brief') Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA (See 'Legal Desk') PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC (See 'Legal Desk') IBC - There is no scope of interference in writ petition since there is no arbitrariness, mala fides or palpably illegality in impugned order : HC (See 'Legal Desk')

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Minister for Commerce and Industry reviews Government's initiatives on IPR

Published: Oct 25, 2017

By TIOLCORPLAWS News Service

NEW DELHI, OCT 25, 2017:

The Minister for Commerce and Industry, Mr Suresh Prabhu took a review of the Intellectual Property Rights (IPR) related initiatives taken by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, for strengthening the IPR regime in the country.

The Government of India has been working relentlessly to streamline IP processes and modernization of IP offices through steps such as comprehensive e-filing facilities made available for patents and trademarks, auto-allotment of patent applications to ensure uniformity and utilization of the specialized expertise of all examiners and controllers and by auto generation of trademark certificates. Examination of Patent applications has increased over three times in the last six months compared to the same period last year. 

To reduce the pendency, 458 Patent and 59 Trademark examiners have been appointed in addition to the existing manpower. Pendency in Patent examination is targeted to be brought down from the present 7 years to 18 months by 2019. The pendency of Trademark applications at the examination stage has been reduced drastically – the time taken for examination has been brought down from 13 months to less than one month.

Innovation is widely recognized as a central driver of economic growth and development. In this context, DIPP has also signed an institutional agreement with the Punjab State Council of Science and Technology to establish India's first Technology and Innovation Support Center (TISC) at Patent Information Centre, Punjab, under the World Intellectual Property Organization's (WIPO) TISC program. Another TISC is being established at Anna University, Chennai. 

Talking about the importance of IPR and innovation the Commerce and Industry Minister said, “India is now at the forefront of innovation and developing new ideas. In such scenario, protection of IPRs becomes extremely important.” On this occasion, Secretary DIPP Mr Ramesh Abhishek provided the details of how recent initiatives by the Government of India are transforming the IP landscape in India. 

The Government has been spreading awareness about IPRs in schools and efforts are on to include IPRs in school curriculum. The awareness drive is also being carried forward in universities and industries as well. 

The Government has been engaging with people on social media platforms as well. The #LetsTalkIP campaign has gained momentum and this initiative aims to bring about a radical change with respect to awareness on Geographical Indications (GIs) and India's rich cultural heritage. A logo design and slogan contest for GIs of India has also been launched on the MyGov.in website. 

On this occasion, the Minister also launched the official website of the Cell for IPR Promotion and Management (CIPAM), which is a professional body created under the aegis of DIPP to ensure focused action on issues related to IPRs and smooth implementation of the objectives of the National IPR Policy adopted in May 2016.  The website can be accessed at www.cipam.gov.in.  It will provide regular updates on the latest IP trends – statistics on applications filed, examined, grants and disposal for various IPRs. It would provide information on the various initiatives being taken by the Government to strengthen the IPR regime in the country. 

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