Recently the parliament has passed the Geographical Indicative Products (Registration and Protection) Act, 2013.
Pursuant to the act, a geographical indication unit under the Department of Patents, Designs and Trademarks will be opened, with the chief of the unit being the registrar.
To register a product, the association or the co-operative for a product will have to apply; apparently no individual can register a product. The validity of a particular registered GI product will remain for five years. The producer would have to apply for re-registering after the validity expires.
According to the law, if persons or associations that are not the real owners of the GI goods and try to get the certificate, they will be punished with a maximum of three years of imprisonment and/or a fine of Tk 2 lacs. The same punishment will be applicable for any misuse of the law.
A committee has been formed to draft GI rules under the act.
Update 02/08/2014: Government recently published an English translation of the act. You can download the English translation from the following link.