Sources said the Cabinet gave its approval to the Health Ministry note for the draft ordinance in this regard which is likely to be issued by the President soon.
The need for a fresh ordinance came after the earlier ordinance issued on May 21 by the President, granting legality to its board of governors, lapsed and government failed to get it replaced with an Act.
In the wake of the earlier ordinance lapsing, the Centre had directed the apex medical regulator not to take any policy decisions or hold important meetings.
The need for issuance of an ordinance came as the Indian Medical Council (Amendment) Bill, 2013, which allows for an elected apex medical regulator, is yet to be passed by Parliament.
The MCI was being run by a seven-member Board of Governors headed by its chairman -- all of whom were nominated by the government.
The new Indian Medical Council (Amendment) Bill, 2013 seeks to empower the government to give directions to MCI on key policy matters and reduced the tenure of its president to four years.
The bill also allows only two such consecutive terms to the president. Earlier, the MCI president could have a five- year tenure and there was no limit on the number of terms.
