Article 123 Current Affairs - 2019

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Government promulgates Companies (Amendment) Ordinance, 2019

The government has re-promulgated the Companies (Amendment) Ordinance, 2019 to amend the Companies Act 2013. Even though the Companies (Amendment) Bill, 2018 for this effect was passed in Lok Sabha, it was pending before Rajya Sabha. The ordinance was first issued in November and would have ceased to be operational from January 21. Hence the Read More…

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Government Promulgates Ordinance to amend Companies Act, 2013

Union Cabinet has approved proposal for promulgation ordinance to amend the Companies Act, 2013. The ordinance had received assent from President Ram Nath Kovind under Article 123 and has been promulgated. The amendments to the Act are aimed to promote ease of doing business as well as ensure better compliance levels. Key Facts The ordinance Read More…

Month:  Categories: Business, Economy & Banking

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President gives assent to Payment of Wages (Amendment) Ordinance, 2016

President Pranab Mukherjee has given assent to Payment of Wages (Amendment) Ordinance, 2016, to enable industries to pay wages by cheque or credit into the bank accounts of workers. The ordinance amends the Payment of Wages Act, 1936 to encourage cashless transactions. With this assent the ordinance becomes law as per article 123 of the Read More…

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President promulgates Enemy Property (Amendment and Validation) Ordinance, 2016

President Pranab Mukherjee has promulgated the Enemy Property (Amendment and Validation) Ordinance, 2016 to make amendments to the Enemy Property Act, 1968. The Ordinance was promulgated by President as per provisions of Article 123 of Constitution of India that gives him legislative powers in consultation with Council of Union Ministers. The proposed amendments in the Read More…

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President gives assent to re-promulgation of Land Ordinance for 3rd time

President Pranab Mukherjee has given his assent to re-promulgation of land ordinance for third time as per provisions of Article 123 of Indian Constitution. Earlier, Union Cabinet meeting chaired by Prime Minister Narendra Modi had approved re-promulgation of the ordinance, which was to expire on 3 June 2015. Currently, The Right to Fair Compensation and Read More…

Month:  Categories: Business, Economy & Banking

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President Pranab Mukherjee gives assent to re-promulgation of Land Ordinance

President Pranab Mukherjee on 3 April 2015 gave his assent to re-promulgate the Land Acquisition Ordinance as per Article 123 of Constitution. Earlier, in this regard Union Cabinet had made a recommendation to President as present Land Acquisition Ordinance promulgated in December 2014 is going to lapse on 5 April.   The new ordinance includes Read More…

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President signs ordinances on insurance, coal sector reforms

President Pranab Mukherjee has signed ordinances moved by Union government on raising foreign direct investment (FDI) cap to 49 per cent in insurance sector and facilitating e-auction of coal blocks. Earlier, in this regard Union Cabinet had approved promulgation of an Ordinance on Insurance Bill and re-promulgation of the Coal Ordinance. Government opted for ordinance Read More…

Month:  Categories: Business, Economy & Banking

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