| | MAY 20244On March 15, 2024, the Indian Ministry of Commerce and Industry, overseeing the Department for Promotion of Industry and Internal Trade, announced revisions to the 2003 Patent Rules. These modifications were documented in the Official Gazette and are formally referred to as the 2024 Patent (Amendment) Rules. The amendments of 2024 have implemented provisions aimed at strengthening the patent safeguards for divisional applications. These adjustments, which align with the progression of legal precedents and global norms, establish more definitive protocols for the submission of divisional applications. According to Nasscom, just like the global trends, India witnessed 83,000 patents being filed in FY2023, marking an annual growth rate of 24.6 percent, the highest in the last two decades.However, given the prevailing cutthroat competition across markets, scandals, financial crises, and the globalization of anything and everything, it could create stumbling blocks in your organization's patent journey, not to mention the dynamic and swiftly evolving compliance landscape. Compliance is increasingly becoming a facet of continuing success stories. Ethical guidance and long-term risk management are paramount, whether a startup or an established organization. Hence, the role of a General Counsel has become increasingly important and complex while undergoing a lot of transformation over the past few years, especially in India. In truth, organizations worldwide now need General Counsel to manage the IP & compliance department similarly to operational units and, in turn, directly contribute to organizational growth. In this issue, we shed light on a few General Counsel in India who lead by example. Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comEffects of the 2024 Patent Amendment EditorialVol 05 · Issue 1 - 5 ·MAY, 2024 Publisher Alok ChaturvediSenior Designer Girisha M Antony Arnold. F Madhusmita SahooNoidaRohan S Jaspreet K Niteesh Pandey advertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersNilesh Singh To subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore - 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.GM - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Hima P. M. Keerthana Kantharaj Roopalatha H Roshan akthar Managing Editor Sujith Vasudevan
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