Section 3 of RCB Act : Section 3: Establishment And Incorporation Of Regional Centre For Biotechnology

RCB Act

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Explanation using Example

Imagine a biotechnology company called "GeneTech Innovations" is looking to collaborate on a new research project focused on developing drought-resistant crops. They decide to partner with the Regional Centre for Biotechnology (RCB) for this venture. As per Section 3(1) of The Regional Centre for Biotechnology Act, 2016, RCB is an established body corporate that can legally enter into contracts. Hence, GeneTech Innovations and RCB draft a contract for the research collaboration.

During the project, a dispu...

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