**Executive Summary**
This is the Tamil Nadu Government Gazette, published on July 4, 2018. It contains three ordinances: the Homoeopathy Central Council (Amendment) Ordinance, 2018; the National Sports University Ordinance, 2018; and the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. All ordinances come into force at once.
**Key Points / Main Content**
*Homoeopathy Central Council (Amendment) Ordinance, 2018 (No. 4 of 2018)*
* Supersedes the Central Council and requires the President, Vice-President, and other members to vacate their offices.
* Central Council will be reconstituted within one year.
* A Board of Governors, appointed by the Central Government, will exercise the powers and functions of the Central Council until reconstitution.
* Allows existing Homoeopathy Medical Colleges to seek permission from the Central Government within one year.
*National Sports University Ordinance, 2018 (No. 5 of 2018)*
* Establishes a National Sports University in the State of Manipur.
* Defines various terms related to the University (e.g., Academic and Activity Council, Board of Sports Studies, Chancellor).
* Specifies the objects and powers of the University, including:
* Providing advanced study in physical education and sports sciences.
* Establishing international collaborations.
* Training talented athletes.
* Lists the officers and authorities of the University (e.g., Chancellor, Vice-Chancellor, Executive Council, Court).
* Outlines procedures for making Statutes and Ordinances.
* Establishes a University Fund.
* Addresses conditions of service for employees.
* Includes a Schedule detailing Statutes related to:
* Appointment and terms of the Chancellor and Vice-Chancellor.
* Powers and duties of various officers.
* Constitution and meetings of the Court and Executive Council.
* Establishment of Schools of Studies and Departments.
* Constitution of Selection Committees.
* Appointment of faculty and staff.
* Student discipline.
*Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (No. 6 of 2018)*
* Amends various sections of the Insolvency and Bankruptcy Code, 2016.
* Modifies definitions and procedures related to:
* Corporate guarantors.
* Financial debts.
* Committee of creditors.
* Resolution applicants.
* Withdrawal of applications.
* Related parties.
* Eligibility criteria.
* Voting shares.
* Operational debts.
* Limitation.
**Impact Analysis**
* **Central Government**
* **Impact:** Empowered to appoint members to the Homoeopathy Central Council's Board of Governors, establish and oversee the National Sports University, and provide direction to the National Sports University. Additionally, they are involved in approving statutes, monitoring university activities and resolving disputes.
* **Action Required:** Appoint members to the Board of Governors for the Homoeopathy Central Council; oversee the establishment and operation of the National Sports University; exercise powers of approval, direction, and dispute resolution.
* **Homoeopathy Central Council / Board of Governors**
* **Impact:** The Central Council is superseded, and its members must vacate their offices. The newly formed Board of Governors temporarily assumes its responsibilities.
* **Action Required:** Vacate offices (Central Council members). The Board of Governors must assume the functions of the Council and adhere to the Ordinance.
* **Existing Homoeopathy Medical Colleges**
* **Impact:** Required to seek permission from the Central Government for colleges established or those that opened a new course/increased capacity before the ordinance commencement
* **Action Required:** Apply to the Central Government for permission within one year
* **National Sports University (including future students and faculty)**
* **Impact:** The Ordinance governs the establishment, operation, and management of the new University.
* **Action Required:** Adhere to the provisions outlined for university governance, academic standards, and financial operations.
* **Insolvency Professionals and Related Parties**
* **Impact:** Changes in definitions, procedures, and eligibility criteria related to the Insolvency and Bankruptcy Code affect their roles and responsibilities.
* **Action Required:** Understand and comply with the amendments to the Code.
Key Entities Referenced
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018: Ordinance amending The Insolvency and Bankruptcy Code, 2016.
The Insolvency and Bankruptcy Code, 2016: Indian law which consolidates the existing framework by creating a single law for insolvency and bankruptcy.
Homoeopathy Central Council (Amendment) Ordinance, 2018: Ordinance amending the Homoeopathy Central Council Act, 1973.
National Sports University Ordinance, 2018: Ordinance to establish and incorporate a National Sports University in Manipur.
Manipur: Indian state where the National Sports University is located.