On Thursday President Ram Nath Kovind promulgated four Ordinances. These are the Muslim Women (Protection of Rights on Marriage) Second Ordinance, the Indian Medical Council (Amendment) Second Ordinance, the Companies (Amendment) Second Ordinance and the Banning of Unregulated Deposit Schemes Ordinance, 2019.
The Muslim Women (Protection of Rights on Marriage) Second Ordinance has been promulgated to give continued effect to the provisions brought in by the earlier ordinance.
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This Ordinance declares the practice of instant triple talaq to be void and illegal and also to make it an offence punishable with imprisonment up to three years and fine.
It will protect the rights of married Muslim women and deter the practice of divorce by instant triple talaq. It also provides for payment of subsistence allowance and custody of minor children.
The Indian Medical Council (Amendment) Second Ordinance has been promulgated to give continued effect to the work already done by the Board of Governors as per the provisions of earlier Ordinance.
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It enables the Board of Governors appointed in supersession of the Medical Council of India to continue to exercise the powers of MCI for a period of two years or till the Council is reconstituted, to ensure transparency, accountability and quality in the governance of medical education in the country.
The Companies (Amendment) Second Ordinance, 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 addresses the need to impose civil liability for technical and procedural defaults of a minor nature and to plug the corporate governance.
The Banning of Unregulated Deposit Schemes Ordinance has been promulgated to have central legislation to tackle the menace of illicit deposits taking activities in the country.