The Patent (2nd Amendment) Rules,2020; (2nd Revised Rules 2020) published by DPIIT in the Official Gazette of India on 4th November 2020 have come into force with immediate effect. A gist of these revised rules is summarized as under:
With this 2nd Revised Rules 2020, fees applicable to small entities have significantly reduced (almost 1/4th when compared to a large entity). This change has brought the small entities at par with Startups and lessened their financial burden to a great extent.
This Amendments will hopefully encourage small entities to innovate and also seek patent protection for their innovations notably contributing in patent filing trends