Business Desk :
Bangladesh Patents Bill 2022 was passed in parliament on Sunday with an aim to make the century-old patents law more time-befitting and safeguard the intellectual property rights.
Industries Minister Nurul Majid Mahmud Humayun placed the bill in the House, which was passed by voice vote.
According to the bill, the owner will be given the patent of any innovation for 20 years instead of 16 and then it will become public property.
A registrar office will be there to issue or cancel patents of any single inventor or joint inventors of a technical innovation under the proposed law.
The current patent and design law was enacted in 1911.
In 2016, the law was divided into two parts, a patent law and another design law.
