Majlis votes to integrate “Regulation for Finance Leasing Companies and Finance Leasing Transactions” into Annex 1 of the “General Regulations Act”

Members of Parliament today voted in favor of integrating the “Regulations for Finance Leasing Companies and Finance Leasing Transactions” into Annex 1 of the “General Regulations Act” (Act No. 6/2008). Majlis endorsed the ad-hoc committee’s report on the matter with forty five votes in favor. There were two votes against, and no abstentions.

The “Bill on Amendments to Maldives Tourism Act” (Act No. 2/99) was also passed at today’s Sitting. Forty four MPs voted in favor of passing the bill as finalized by the ad-hoc committee. There were no votes against, and two abstentions.

The “Bill on Amendments to the Maldives Monetary Authority Act 1981” (Act No. 6/81) was rejected with forty votes, in favor of the Economic Committees refusal to review the bill further. The bill had been proposed by Mohamed Musthafa, former MP for Thimarafushi constituency.

Moosa Zameer, Chair of the Economic Affairs Committee and MP for Kin’bidhoo constituency, then presented to the floor the committee’s conclusion on the “Bill on Amendments to the Companies Act” (Act No.10/96).

The People’s Majlis will meet again tomorrow, 4 October 2012.