Section 8 of BDA : Section 8: Establishment Of National Biodiversity Authority

Explanation using Example

Imagine a pharmaceutical company that has discovered a potential new drug compound from a rare plant species found only in a remote part of India. Before they can conduct research or use this plant for drug development, they need to seek approval from the National Biodiversity Authority (NBA).

Upon learning about the requirement, the company submits an application to the NBA, outlining their intended research and how they plan to share the benefits arising from the drug's development with the local communit...

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