{"id":210511,"date":"2019-02-21T17:45:05","date_gmt":"2019-02-21T12:15:05","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=210511"},"modified":"2019-02-24T10:59:30","modified_gmt":"2019-02-24T05:29:30","slug":"president-promulgates-four-ordinances","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/21\/president-promulgates-four-ordinances\/","title":{"rendered":"President promulgates four Ordinances"},"content":{"rendered":"

The President of India on the 21-02-2019 has promulgated the following four Ordinances, namely:\u2013\u2013<\/strong><\/p>\n

1. The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 (Ord. 4 of 2019).<\/strong><\/p>\n

2. The Indian Medical Council (Amendment) Second Ordinance, 2019 (Ord. 5 of 2019).<\/strong><\/p>\n

3. The Companies (Amendment) Second Ordinance, 2019 (Ord. 6 of 2019).<\/strong><\/p>\n

4. The Banning of Unregulated Deposit Schemes Ordinance, 2019 (Ord. 7 of 2019).<\/strong><\/p>\n

The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019<\/strong> has been promulgated to give continued effect to the provisions brought in by the Muslim Women (Protection of Rights on Marriage) Ordinance, 2019. This Ordinance,\u00a0inter alia<\/em>, declares the practice of triple talaq to be void and illegal and also to make it an offence punishable with imprisonment up to three years and fine.<\/p>\n

The Ordinance will protect the rights of married Muslim women and deter the practice of divorce by triple talaq (i.e., talaq \u2013e \u2013biddat). It also provide for payment of subsistence allowance and custody of minor children.<\/p>\n

The Indian Medical Council (Amendment) Second Ordinance, 2019<\/strong> has been promulgated to give continued effect to the work already done by the Board of Governors (BOG) as per the provisions of earlier Ordinance. This Ordinance,\u00a0inter alia<\/em>, enables the Board of Governors appointed in supersession of the Medical Council of India (MCI) to continue to exercise the powers of MCI for a period of two years or till the Council is reconstituted, whichever is earlier so as to ensure transparency, accountability and quality in the governance of medical education in the country.<\/p>\n

In pursuance of the Government\u2019s objective of providing Ease of Doing Business to Law abiding corporate while simultaneously strengthening the corporate governance and compliance framework enshrined in the Companies Act, 2013, the Companies (Amendment) Second Ordinance, 2019<\/strong> has been promulgated with a view, to empower the Central Government to allow certain companies to have a different financial year instead of as determined by the Tribunal. This Ordinance,\u00a0inter alia<\/em>, addresses the need to impose civil liability for technical and procedural defaults of a minor nature and to plug the corporate governance and enforcement framework, through the following: (i) re-categorisation of 16 minor offences as civil defaults which will de-clog special courts; (ii) transfer of certain routine functions such as permitting conversion of a public company into a private company from NCLT to the Central Government; (iii) making non-maintenance of registered office and non-reporting of commencement of business as grounds for striking of from register of companies; and (iv) breach of ceiling on Directorships being made a ground for disqualification; (vi) Enhancing the pecuniary jurisdiction of Regional Director\u2019s for compounding offences under the Companies Act with a view to unburdening the NCLT of routine functions etc.<\/p>\n

The Banning of Unregulated Deposit Schemes Ordinance, 2019<\/strong> has been promulgated to have a central legislation to tackle the menace of illicit deposits taking activities in the country. Presently, non-banking entities are allowed to raise deposits from the public under the provisions of various statutes enacted by the Central Government and State Governments. However, the regulatory framework for deposit-taking activity in the country is not seamless. Despite such diverse regulatory framework, schemes and arrangements leading to unauthorised collection of money and deposits fraudulently by inducing the public to invest in uncertain schemes promising high returns or other benefits are still operating in the society.<\/p>\n

This Ordinance, therefore, ensures a comprehensive ban on unregulated deposit-taking activity and for its effective enforcement. It aims to prevent such unregulated deposit schemes or arrangements at their inception and at the same time makes soliciting, inviting or accepting deposits pursuant to an unregulated deposited scheme as a punishable offence. The said Ordinance also seeks to put in place a mechanism by which the depositors can be repaid without delay by attaching the assets of the defaulting establishments.<\/p>\n

[Source: PIB]<\/p>\n

Ministry Of Law & Justice<\/p>\n","protected":false},"excerpt":{"rendered":"

The President of India on the 21-02-2019 has promulgated the following four Ordinances, namely:\u2013\u2013 1. 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This Ordinance,\u00a0inter alia, declares the practice of triple talaq to be void and illegal and also\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":210386,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/20\/cabinet-approves-proposal-for-promulgation-of-the-muslim-women-protection-of-rights-on-marriage-second-ordinance-2019\/","url_meta":{"origin":210511,"position":1},"title":"Cabinet approves Proposal for Promulgation of the Muslim Women (Protection of Rights on Marriage), Second Ordinance, 2019","author":"Bhumika Indulia","date":"February 20, 2019","format":false,"excerpt":"The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to the following proposals: Promulgation of an Ordinance, namely the Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019, as per Appendix-III (pages(9 to 12) under clause (1) of Article 123 of the Constitution; and\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":210774,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/25\/indian-medical-council-amendment-second-ordinance-2019\/","url_meta":{"origin":210511,"position":2},"title":"Indian Medical Council (Amendment) Second Ordinance, 2019","author":"Bhumika Indulia","date":"February 25, 2019","format":false,"excerpt":"The Indian Medical Council (Amendment) Second Ordinance, 2019 has been promulgated to give continued effect to the work already done by the Board of Governors (BOG) as per the provisions of earlier Ordinance. This Ordinance,\u00a0inter alia, enables the Board of Governors appointed in supersession of the Medical Council of India\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":211318,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/04\/aadhaar-and-other-laws-amendment-ordinance-2019-promulgated-by-the-president\/","url_meta":{"origin":210511,"position":3},"title":"Aadhaar and other Laws (Amendment) Ordinance, 2019– Promulgated by the President","author":"Bhumika Indulia","date":"March 4, 2019","format":false,"excerpt":"THE AADHAAR AND OTHER LAWS (AMENDMENT)\u00a0ORDINANCE, 2019 No. 9 of 2019 Promulgated by the President in-the-Seventieth Year of the Republic of India. An Ordinance to amend the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and further to amend the Indian Telegraph Act, 1885 and\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":215660,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/06\/13\/cabinet-approves-the-muslim-women-protection-of-rights-on-marriage-bill-2019\/","url_meta":{"origin":210511,"position":4},"title":"Cabinet approves — the Muslim Women (Protection of Rights on Marriage) Bill, 2019","author":"Bhumika Indulia","date":"June 13, 2019","format":false,"excerpt":"Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the\u00a0Muslim Women (Protection of Rights on Marriage) Bill, 2019\u00a0by replacing the Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 (Ord.4 of 2019). Impact: The Bill would ensure gender equality and gender justice to Muslim women. The Bill\u2026","rel":"","context":"In "Cabinet Decisions"","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":210397,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/20\/cabinet-approves-proposal-for-promulgation-of-the-indian-medical-council-amendment-second-ordinance-2019\/","url_meta":{"origin":210511,"position":5},"title":"Cabinet approves proposal for promulgation of the Indian Medical Council (Amendment) Second Ordinance, 2019","author":"Bhumika Indulia","date":"February 20, 2019","format":false,"excerpt":"The Union Cabinet chaired by Prime Minister Narendra Modi has approved the following proposals: Promulgation of an Ordinance, namely\u00a0\u201cthe Indian Medical Council (Amendment) Second Ordinance, 2019\u201d; and To bring in necessary official amendments in the Indian Medical Council (Amendment) Bill, 2018 pending in Parliament for replacing the said Ordinance. 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