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November 24, 2021

Know Purpose all 26 different Bills Introduce in Winter Season of Parliament

by facelesscompliance in Compliance Law

Know Purpose all 26 different Bills Introduce in Winter Season of Parliament

The basic function of Parliament is to make laws. All legislative proposals have to be brought in the form of Bills before Parliament. A Bill is a statute in draft and cannot become law unless it has received the approval of both the Houses of Parliament and the assent of the President of India.

The winter session of Parliament will start from November 29 and will go on till December 23, making a total of 20 working days during the session which will pass approximately 26 Bills. The time seems very limited for discussion and questioning, which is usually with the Modi Government.

As many as 26 new Bills have been listed for introduction in the Winter Session of the Parliament, including three Ordinances, that starts on 29 November, according to the legislative agenda for the upcoming session released today.

A total of 23 bills are slated to be tabled in the lower house during the session. Of these, six bills have already been introduced while 17 will be new.

The three ordinances that have been listed for passage include The Narcotic Drugs and Psychotic Substances (Amendment) Bill, 2021. This bill which is likely to be introduced will replace an ordinance that will amend the Narcotic Drugs and Psychotropic Substances Act, 1985.

These are the list of all 26 Bills

1) The long-pending bill to deal with cryptocurrencies will be introduced in the Parliament during the Winter Session which was expected by government as RBI has given several warnings in past. The cryptocurrency and Regulation of Official Digital Currency Bill, 2021 “seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exeptions to promote the underlying technology and its uses”. The bill aims to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India.

2) The National Institute of Pharmaceutical Education and Research (Amendment) Bill, 2021, which was introduced in the Lok Sabha on March 15, 2021 was scrutinised by the standing committee on chemical and fertilisers and its report was presented to the Parliament on August 4, 2021.

3) The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021 The bill will be introduced and considered in the Parliament. It is aimed at speeding up the disciplinary mechanism of the Institute of Cost Accountants of India, ICAI and ICSI. The ICAI is the top statutory accountancy body under the Ministry of Corporate Affairs, which handles majority of Audit functions.

4) The Coal Bearing Areas (Acquisition and Development) Amendment Bill, 2021 The government intends to amend the law related to land acquisition that contains coal deposits. The bill will make provisions for leasing of land and mining rights to companies, including those in the private sector, who’ve emerged the successful bidders in auction of coal blocks.

5) The Limited Liability Partnership (Amendment) Bill, 2021 amendment to the act will decriminalize twelve compoundable offices that deal with procedural and technical violations. Another two provisions are also proposed to be omitted.

6) The Pension Fund Regulatory and Development Authority (Amendment) Bill, 2021 Through this amendment, the government will separate the NPS Trust from PFRDA, as announced in budget to make universal pension coverage

7) The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 The bill will amend the DICGC Act of 1961. Its objective is to enable access for depositors to their savings through deposit insurance in case the bank is suspended from business.

8) The Electricity (Amendment) Bill, 2021 The bill seeks to delicense power distribution and reduce entry barriers for private players to promot

9) The Maintenance and Welfare of Parents and Senior Citizens (Amendment) Bill, 2019, which was introduced in Lok Sabha on December 11, 2019 and sent to the standing committee for social Justice and empowerment has also been listed for passage.

10) The Insolvency and Bankruptcy (Second Amendment) Bill, 2021 will strengthen and streamline the Insolvency and Bankruptcy Code, 2016. Further will help in counter and develop strong mechanisms for dealing with bankruptcy is also being listed for passage

11) The Trafficking of Persons (Protection Rehabilitation) Bill, 2021 will also be listed for passage. This is to prevent and combat trafficking in persons, especially woman and children, to provide for care, protection, assistance and rehabilitation to the victims, while respecting their rights, and creating a supportive legal, economic and social environment for them, and also to ensure prosecution of offenders, and for matters connected herewith or incidental thereto.

12) The Surrogacy Regulation (Amendment) Bill 2019 Which was passed by Lok Sabha on 5 August 2019 was later sent to a select committee by the Rajya Sabha on 21 November 2019. The report was submitted by the committee on 5 February 2020 has also been listed for passage by the Upper House of Parliament.

13) The Dam Safety Bill passed by Lok Sabha 2nd August 2019 is listed for passage in the Rajya Sabha in the winter session.

14) Other Important Bills are

-The Cantonment Bill, 2021

-Inter-Services Organizations (Command, Control and Discipline) Bill, 2021.

-The Indian Antarctica Bill, 2021

-The Emigration Bill, 2021

-The Pension Fund Regulatory and Development Authority (Amendment) Bill, 2021

-The National Nursing Midwifery Commission Bill, 2021

-The High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2021.

-The National Anti- Doping Bill, 2021

-The Mediation Bill, 2021

The three ordinances that have been listed for passage include The Narcotic Drugs and Psychotic Substances (Amendment) Bill, 2021. This bill which is likely to be introduced will replace an ordinance that will amend the Narcotic Drugs and Psychotropic Substances Act, 1985.

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