Published on 29/05/2012
The Biological Diversity Act 2002 is also a Central Act of Parliament aiming to provide for conservation of biological diversity, sustainable use of its components and a fair and equitable sharing of the benefits arising out of the use of biological resources, knowledge and matter connected therewith and thereto. It provides for a system of prior approvals of the National Biodiversity Authority on application for intellectual property rights or patents on biological research or information. It also regulates the transfer of any biological resource or knowledge and it provides for the establishment of a State Biodiversity Board. U.P. has a State Biodiversity Board in place.