Proclamation of financial emergency: parliamentary approval and revocation rules limit the proclamation's operative period. The amendment replaces clause (2) of Article 360 to provide that a proclamation of financial emergency may be revoked or varied, must be laid before each House of Parliament, and will cease to operate after two months unless approved by resolutions of both Houses; if the House of the People is dissolved and only the Council of States has approved, the proclamation will cease thirty days after the reconstituted House first sits unless the House of the People approves within that thirty day period.
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Provisions expressly mentioned in the judgment/order text.
Proclamation of financial emergency: parliamentary approval and revocation rules limit the proclamation's operative period.
The amendment replaces clause (2) of Article 360 to provide that a proclamation of financial emergency may be revoked or varied, must be laid before each House of Parliament, and will cease to operate after two months unless approved by resolutions of both Houses; if the House of the People is dissolved and only the Council of States has approved, the proclamation will cease thirty days after the reconstituted House first sits unless the House of the People approves within that thirty day period.
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