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Development of Inventions Act 1967

1967 CHAPTER 32

An Act to consolidate the Development of Inventions Act 1948, the Development of Inventions Act 1954 and the Development of Inventions Act 1965.

[10th May 1967]

Commencement Information

I1Act wholly in force at 10.6.1967 see s. 15(8).

The National Research Development CorporationU.K.

1 Constitution.U.K.

(1)There shall continue to be a body corporate called the National Research Development Corporation (in this Act referred to as “the Corporation”).

(2)The Corporation shall consist of a chairman and a managing director appointed by the [F1Secretary of State] (in this Act referred to as “the Minister”), and such number of other members so appointed, not being less than four or more than twelve, as the Minister may from time to time determine.

(3)The members of the Corporation shall be appointed from among persons appearing to the Minister qualified as having had experience, and shown capacity, in matters relating to science, technology, industry, finance, administration or the acquisition and disposal of rights in inventions.

(4)The provisions of the Schedule to this Act shall have effect with respect to the remuneration of members of the Corporation out of the funds of the Corporation, as to the appointment and tenure and vacation of office of the said members, and otherwise in relation to the Corporation.

Textual Amendments

F1Words substituted by virtue of S.I. 1970/1537, arts. 2(2), 7(4) and 1974/692, arts. 2(3), 5(3)

Modifications etc. (not altering text)

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F5 . . .U.K.

F65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F98. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F109. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F1110. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Miscellaneous and supplementaryU.K.

F1211. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F1312. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F1413. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15U.K.

15 Short title, interpretation, repeals, savings and commencement.U.K.

(1)This Act may be cited as the Development of Inventions Act 1967.

(2)In this Act, unless the context otherwise requires—

F17(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F16Words substituted by virtue of S.I. 1970/1537, arts. 2(2), 7(4) and 1974/692, arts. 2(3), 5(3)

SCHEDULEU.K. The National Research Development Corporation

1U.K.The Corporation shall have a common seal.

2(1)The Minister shall have power, exercisable by statutory instrument, to make regulations with respect to—U.K.

(a)the appointment of the members of the Corporation and their tenure and vacation of office;

(b)the execution of instruments and the proof of documents purporting to be executed, issued or signed by the Corporation or a member or officer thereof.

(2)Subject to the provisions of regulations under sub-paragraph (1) of this paragraph, the Corporation shall have power to regulate their own procedure, including the manner in which matters subject to the determination of the Corporation are to be determined by or on behalf of the Corporation.

(3)Regulations made under this paragraph shall be subject to annulment in pursuance of a resolution of either House of Parliament.

3U.K.The validity of any proceeding of the Corporation shall not be affected by any vacancy among the members thereof or by any defect in the appointment of a member thereof.

F184U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F195U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F206U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F217U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F228U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9U.K.It is hereby declared that nothing in this Act exempts the Corporation from liability to any tax, duty, rate, levy or other charge whatsoever, whether general or local.