With reference to the Biological Diversity Act 2002 consider the following statements 1 Vaids and Ha...........

Environment and Ecology Biodiversity

With reference to the Biological Diversity Act, 2002, consider the following statements:

1.Vaids and Hakims, who have been practicing indigenous medicine can obtain biological resources for commercial utilization, only after giving prior intimation to the State Biodiversity Board concerned.

2.No person can ever apply for any intellectual property right outside India for any invention based on any information on a biological resource obtained from India.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

None

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Explanation:

None

The Biological Diversity Act, 2002 is an Act enacted by the Parliament of India for the preservation of biological diversity in India, and provides mechanism for equitable sharing of benefits arising out of the use of traditional biological resources and knowledge.
Section 6(1) of the Biological Diversity Act, 2002(India)provides that “no person shall apply for any intellectual property right, by whatever name called, in or outside India for any invention based on any research or information on a biological resource obtained from India without obtaining the previous approval of National Biodiversity Authority (NBA)

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