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The Delhi high court ruled that transfer of intellectual property rights (IPR) whose owners are not based in India could not be taxed in the country

Last Modified: Tue, Jul 26 2016. 06 24 PM IST

New Delhi: In a significant decision, the Delhi high court on Monday ruled that transfer of intangible assets like intellectual property whose owners were not based in India could not be taxed in the country.

In what would benefit Foster’s Australia, the petitioner (now known as CUB Pty), the high court overturned a decision of the Authority of Advance ruling which said that such transfer would mean that income accrued in India.

A two-judge bench comprising justices Badar Durrez Ahmed and Sanjeev Sachdeva said that the legislature, while clarifying what would mean capital assets, refers to shares and derivatives, but excludes intellectual property.

Sourcehttp://www.livemint.com/Companies/SFk8J7rYF5ep6ewl2jmDCN/If-IPR-owner-is-abroad-its-transfer-cannot-be-taxed-in-Indi.html

By PTI | Jul 23, 2016, 05.53 PM IST

NEW DELHI: To improve ease of doing business, Commerce and Industry Minister Nirmala Sitharaman today said a start-up would now need only a certificate of recognition from the government to avail IPR-related benefits. 

Earlier, a budding entrepreneur had to go through an elaborate process of approaching an inter-ministerial board to procure the Intellectual Property Rights (IPR) benefits. 

"A start-up would now require only a certificate of recognition from the Department .. 

Sourcehttp://economictimes.indiatimes.com/articleshow/53353248.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

To improve ease of doing business, commerce and industry minister Nirmala Sitharaman has said a start-up would now need only a certificate of recognition from the government to avail Intellectual Property Rights-related benefits

To improve ease of doing business, commerce and industry minister Nirmala Sitharaman on Saturday (23 July) said a start-up would now need only a certificate of recognition from the government to avail Intellectual Property Rights (IPR)-related benefits.

Earlier, an entrepreneur had to go through an elaborate process of approaching an inter-ministerial board to procure the IPR benefits…

Sourcehttp://businessworld.in/article/Start-ups-Now-Need-Only-A-DIPP-Certificate-For-IPR-Benefits-Nirmala-Sitharaman/23-07-2016-100759/

UGC secretary Jaspal S Sandhu said that creations of mind such as inventions, designs for industrial articles, literary, artistic work, symbols, names and images etc are protected by lntellectual Property rights

By: express webdesk | New Delhi | Published:July 18, 2016 3:11 pm

Emphasising on importance of Intellectual Property Rights (IPR), the University Grants Commission (UGC) has asked varsities to offer it as a generic elective subject under the Choice Based Credit System.

In a letter to universities, UGC secretary Jaspal S Sandhu said that creations of mind such as inventions, designs for industrial articles, literary, artistic work, symbols, names and images etc are protected by lntellectual Property rights.

The importance of IPR was first recognised in Paris Convention for the Protection of Industrial Property (1883) and the Berne Convention for Protection of Literary and Artistic Work (1886), the UGC official’s letter said…

Sourcehttp://indianexpress.com/article/education/ugc-to-varsities-offer-study-of-ipr-as-elective-subject/

Posted: 26 Jul 2016, 08:08, by Milen Y.

A Samsung patent for a wireless charging device surfaced last week at the U.S. Patent & Trademark Office (USPTO). The patent describes what seems to be an evolution in wireless charging pads design – a unit that can charge multiple devices at the same time – going over three basic builds, which are for illustrative purposes only, and should not be taken as an indication as to what exactly the final product might end up looking like….

Sourcehttp://www.phonearena.com/news/Samsung-granted-patent-for-vertical-wireless-charger-that-can-charge-two-devices-simultaneously_id83534

BUSINESS » INDUSTRY

NEW DELHI, June 18, 2016

Updated: June 18, 2016 23:25 IST 

The government, which opened a ‘tatkal’ window to expedite examination of patent applications in the backdrop of 2.37 lakh pending patent applications, has now set a limit on applications that it will consider under the fast-track clearance mechanism….

Sourcehttp://www.thehindu.com/business/Industry/patent-office-caps-fasttrack-requests/article8746303.ece

IANS | Jun 20, 2016, 11.07 AM IST

NEW YORK: US tech giant IBM has patented an eye wear like Google Glass that will have red-eyed night vision capabilities, a media report said.

Although not promising a true night vision, the device is described in the patent to improve sight under low light by tricking the brain to focus on high-contrast imagery….

Sourcehttp://timesofindia.indiatimes.com/tech/tech-news/IBM-patents-Google-Glass-like-night-vision-eyewear/articleshow/52828484.cms

Reuters | Jun 20, 2016, 08.29 PM IST

SYDNEY: Craig Wright, the Australian who claimed to be the inventor of bitcoin, is attempting to build a large patent portfolio around the digital currency and technology underpinning it, according to associates of his and documents reviewed by Reuters.

Since February, Wright has filed more than 50 patent applications in Britain through Antigua-registered EITC Holdings Ltd, which a source close to the company confirmed was connected to Wright, government records show….

Sourcehttp://timesofindia.indiatimes.com/tech/tech-news/Australian-bitcoin-inventor-silently-building-patent-empire/articleshow/52837277.cms

PRESS TRUST OF INDIA
13 JUNE 2016

Indian Patent Office at New Delhi has issued guidelines for facilitators and startups with respect to filling and processing of applications for patent, designs and trademarks, in an attempt at encouraging budding entrepreneurs and to boost innovation.

As per the guidelines, a startup willing to file a patent application for an invention will have to select a facilitator who would help in preparing the request and also assess the patentability of the invention as per acts and rules, the Controller General Patents, Designs and Trade Marks said in a public notice…

Source: http://yourstory.com/2016/06/startups-receive-guidelines-ipo/

BUSINESS » INDUSTRY

DELHI, May 17, 2016

Updated: May 18, 2016 03:25 IST 

The government has amended rules and introduced several measures including a system similar to ‘tatkal’, to expedite examination of patent applications by start-ups as well as entities choosing India for the first filing of patent. This comes in the backdrop of 2.37 lakh patent applications pending in the country.

The government, incidentally, is aiming to bring down the time period for initial examination of patent applications from the present 5-7 years to 18 months by March 2018. It had also last week announced the National Intellectual Property Rights (IPR) Policy to push IPRs as a marketable financial asset and economic tool, promote innovation and entrepreneurship/start-ups, while protecting public interest…

Sourcehttp://www.thehindu.com/business/Industry/now-a-tatkal-system-to-expedite-patent-examination/article8612218.ece