Article 123 Current Affairs - 2020

Insolvency and Bankruptcy Code (amendment) bill passed in the Parliament

On March 12, 2020, Insolvency and Bankruptcy (Amendment) bill, 2020 has been passed in the parliament. It was earlier passed by Lok Sabha and is now being passed by Rajya Sabha. Highlights The amendments were earlier introduced as ordinances. Now after the Parliament session begun the ordinance was introduced as bill. And the bill has Read More…

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…

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…

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…

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…