Insolvency and Bankruptcy Code (Amendment) Bill, 2017 introduced in Lok Sabha
The Insolvency and Bankruptcy Code (Amendment) Bill, 2017 was introduced in Lok Sabha on 28 December 2017. The Bill seeks to replace the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017.
The Bill aims to bar those with non-performing accounts from bidding to acquire insolvent companies or their assets.
The Bill prohibits certain persons from submitting a resolution plan in case of defaults. These are - (i) wilful defaulters, (ii) promoters or management of the company having non-performing debt for over a year, (iii) disqualified directors, among others.
It bars the sale of property of a defaulter to any person not eligible to be a resolution applicant. These persons may be considered undesirable to take charge of the company.
National Medical Commission Bill, 2017 introduced in Lok Sabha
The National Medical Commission Bill 2017 was introduced in the Lok Sabha on 29 December 2017. The Bill was introduced by Union Health Minister J P Nadda.
The bill provides for a dependable medical education system that ensures availability of adequate and high quality medical professionals.
The Bill is also aimed at encouraging medical professional to adopt latest medical research in their work. The bill has provisions for periodic assessments of medical institutions and facilities and enforcing high ethical standards in all aspects of medical services.
Delhi government launches mobile app that would connect 16000 SMC members
The Delhi government on 28 December 2017 launched a mobile app that would connect around 16000 members of School Management Committees (SMCs).
The launch was conducted by Delhi’s Chief Minister Arvind Kejriwal and Deputy Chief Minister Manish Sisodia in the capital itself. Speaking on the occasion, the CM stated that the application will help in making the process more transparent and is going to be an effective help for all the stakeholders by all means.
The application will help members of different school management committees to connect with each other and carry out their operations using the application. It is aimed at helping the schools, parents and students in better coordination and result-oriented performance.