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Promulgation of Ordinance
February 28 , 2019
2088 days
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- The Union Cabinet has approved the Promulgation of Ordinance for the following proposals.
- Indian Medical Council (Amendment) Second Ordinance, 2019.
- It 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.
- Companies (Second Amendment) Ordinance 2019.
- It will empower the Central government to allow certain companies to have a different financial year instead of as determined by the Tribunal.
- Banning of Unregulated Deposit Schemes Ordinance, 2019.
- It aims at preventing unregulated deposit schemes or arrangements at their inception and makes soliciting, inviting or accepting deposits pursuant to an unregulated deposited scheme as a punishable offence.
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