FICCI seeks amendment in Form 27 & patent law to facilitate commercialisation of patented product & ease of doing business
The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the patent office to amend Form 27 and update Patent Rules in line with international best practices so as to befit emerging technological fields, make commercialization of patented invention more easier and facilitate ease of doing business.
Form 27 needs to be submitted by patentees under Section 146 (2) of The Patents Act, 1970 providing details of commercial working of a patent in India.
Said Dipankar Barkakati, additional director and head – IPR & FICCI CASCADE at FICCI, “Existing Form 27 requirement has become redundant, burdensome, hampers ease of doing business, makes commercialization of patented invention more difficult and is not aligned to international best practices. There is thus an urgent need to remove Section 146 (working statement requirement from statute book). While, such a change in the law may take some time, meanwhile, may we request patent office to consider updating the Patent Rules and amend ‘Form 27’ befitting the emerging technological fields.”