Three bills ratified at end of 2011

President Mohamed Nasheed today ratified three bills passed by the People’s Majlis.

The Partnership Bill, stating the guidelines for the formation, registration and operation of business partnerships in the Maldives, categorises partnerships into ‘General’ and ‘Limited Liability’.

The First Amendment Bill to Tax Administration Act (Act number 3/2010) was also  passed during the Parliament’s sitting on 19 December 2011, and ratified today.

The National Health Insurance Scheme Bill passed during its sitting on 21 December 2011, and was ceremoniously signed by the Health Minister at the Artificial Beach. It has been ratified, and the insurance scheme Aasandha will go into effect tomorrow, January 1, 2012.

The bills have been published in the government gazette.