Jatiya Sangsad (JS) on Monday passed the Bangladesh Patents Bill 2023 with a provision of inserting time-befitting rules and regulations in the law repealing the existing Patents and Design Act.
Industries Minister Nurul Majid Mahmud Humayun moved the bill which was unanimously passed by voice votes with JS Speaker Jatiya Sangsad Dr Shirin Sharmin Chaudhury in the chair.
According to the bill, the owner will be given the patents of any innovation for 20 years and then it will become public property.
A registrar's office will be there to issue or cancel patents of any single inventor or joint inventor of a technical innovation under the proposed law.
On February 22, the cabinet cleared the draft of the Bangladesh Patents Bill, 2021, which will repeal the patent-related provisions in "The Patents and Designs Act, 1911".
