The Industrial Property Act, 2001
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(b) a statement of the assets and liabilities of the Institute on the last day of
that year.
Cap. 412
(3) The accounts of the Institute shall be audited and reported upon in
accordance with sections 29 and 30A of the Exchequer and Audit Act, by
the Auditor-General (Corporations), or by an auditor appointed by the Board
with the approval of the Auditor-General (Corporations) given in accordance
with section 29 (2)(b) of the Exchequer and Audit Act.
Investment of
funds
20. (1) The Board may invest any of the funds of the Institute in securities in
which for the time being trustees may by law invest trust funds, or in any
other securities which the Treasury may, from time to time, approve for that
purpose.
(2) The Board may place on deposit with such bank or banks as it may
determine, any monies not immediately required for the purposes of the
Institute.
PART III - PATENTS: PATENTABILITY
Meaning of
“invention”
21. (1) For the purposes of this Part, “invention” means a solution to a
specific problem in the field of technology.
(2) Subject to subsection (3), an invention may be, or may relate to, a
product, or a process.
(3) The following shall not be regarded as inventions and shall be excluded
from patent protection: (a) discoveries, scientific theories and mathematical methods;
(b) schemes, rules or methods for doing business, performing purely mental
acts or playing games;
(c) methods for treatment of the human or animal body by surgery or
therapy, as well as diagnostic methods practised in relation thereto, except
products for use in any such methods;
(d) mere presentation of information; and
(e) Public Health related methods of use or uses of any molecule or other
substances whatsoever used for the prevention or treatment of any disease
which the Minister responsible for matters relating to health may designate
as a serious health hazard or as a life threatening disease.
Patentable
inventions
22. An invention is patentable if it is new, involves an inventive step, is
industrially applicable or is a new use.
Novelty
23. (1) An invention is new if it is not anticipated by prior art.