Form 27: Everything a Patentee and Licensee Must Know About Statement of Commercial Working in India; Compliance Deadline: 30 September
ABSTRACT Form 27 is a statutory obligation under Section 146(2) of the Patents Act, 1970 requiring every patentee and licensee to file a statement of commercial working of the patented invention in India. With the Patents (Amendment) Rules, 2024 coming into effect from 15 March 2024, the filing frequency has changed from annual to once every three financial years. For most existing patents, the first consolidated deadline under the new regime falls on 30 September 2026. This article explains the legal framework, the revised filing timelines, who must file, what information must be furnished, the consequences of non-compliance (including the revised monetary penalties under the Jan Vishwas Act, 2023), the indicative professional fee structure for filing, and the documentary requirements that practitioners should gather from clients in advance of the deadline. I. Legal Framework and Purpose Form 27 is not a voluntary disclosure — it is a statutory obligation under S...