Question
Which of the following is NOT a requirement for
obtaining a patent under Indian law?Solution
Under the Patents Act, 1970 (as amended), the requirements for obtaining a patent are: 1. Novelty: The invention must be new and not disclosed in prior art. 2. Non-obviousness (Inventive Step): The invention must not be obvious to a person skilled in the art. 3. Industrial Applicability: The invention must be capable of being used in an industry. Commercial success is not a requirement under patent law, although it can influence the marketability of the patented product.
Input = 10,000 units @ ₹20/unit, Normal loss = 10%, Scrap value = ₹2/unit. What is cost per unit of output assuming no abnormal loss?
If there exists a specific sports fund, the expenses incurred in relation to sports activities will be taken to:
What is the main focus of Railtel Corporation of India?
The Board of Directors of a company can appoint additional director, as per the provisions of the Companies Act, 2013, if such power is conferred on th...
Section 63 of the Companies Act. 2013 deals with the issue of bonus shares. According to Sub-section (1) of this section, a company may issue fully paid...
Revenue should be recognized at the point of sale. Which principle is applied here?Â
What is project financing?
In finance, what does the term Mezzanine Debt mean?
Consolidated Financial statements are covered under which of the following accounting standards?
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