Unfazed by the President's action in returning the Office of Profit Bill, the government on Wednesday said it will re-present the legislation that seeks to exempt several posts from being considered office of profit in Parliament in the coming monsoon session and the Cabinet will decide on Thursday whether it should be in the "present form or amended form".

• President returns Office of Profit Bill to Parliament 

Law Minister H R Bhardwaj told reporters that there was no lacunae in the bill passed by Parliament in the middle of April, but since the President has returned it "we would respectfully reconsider it".

Dismissing suggestions that the action of the President was a "setback" to the government, he said this was part of the democratic process, which has various checks and balances.

• Office of Profit Issue 

Besides, he said, if Parliament approved the measure in its present form, then the President would have to give his assent.

Bhardwaj said he was in constant touch with Prime Minister Manmohan Singh [Images] on the issue and had already prepared a note for the consideration of the Cabinet, which is meeting on Thursday.

The Cabinet, he said, would decide on whether to bring the Parliament (Prevention of Disqualification) Amendment Bill to Parliament in its present form or an amended form.