Ordinance Current Affairs, GK & News

Tribunal Reforms Ordinance, 2021

The President of India recently promulgated “The Tribunals Reforms (Rationalisation and conditions of Service)” Ordinance, 2021. It dissolved appellate authorities under nine acts and transferred their functions to high courts. Amendments The ordinance dissolved appellate tribunals under nine acts as follows: Cinematograph Act, 1952 Copyrights Act, 1957 Trade Marks Act, 1999 Customs Act, 1962 Airports ..

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MCA: 60% Eligible for pre-pack turnaround Scheme

The Ministry of Corporate Affairs (MCA) recently announced that six out of ten active Indian companies are eligible for the new pre-packaged bankruptcy scheme. This is because out of the 1.3 million active companies in India, 60% belong to the category of MSME (Micro, Small and Medium Enterprises). Background The President of India recently promulgated ..

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Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance 2021

The Uttar Pradesh Cabinet recently approved the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance, 2021. The ordinance will reduce the tenancy disputes. Key Features of the Ordinance The ordinance makes it mandatory to sign contract will to rent out a property. This is being done to safeguard the interests of both the tenant ..

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Insolvency and Bankruptcy Code Amendment Ordinance, 2021

The President of India, Shri Ram Nath Kovind recently promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. The ordinance will allow pre-packaged insolvency resolution process for MSMEs. The Pre-packaged Insolvency Resolution Process is called PIRP. About the Ordinance The ordinance introduces a pre-packaged insolvency resolution process for corporate persons classified as MSMEs under the ..

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Pakistan to create National Sex Offenders Register

President Arif Alvi of Pakistan recently passed the Anti-Rape Ordinance 2020. The ordinance was passed following the protests in the country after a mother was gang raped in front of her children when her car broke down near Lahore. The ordinance proposed to create a National Sex Offenders Register. This has now been approved by ..

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