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Category Archives: Truth of Our Time
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Listed among Best Blogs in India by two Reputed Blog Directories
REGISTRATION FEES
The documents required to be submitted, filed, registered or recorded or any fact or information required or authorised to be registered under the Act shall be submitted, filed, registered or recorded on payment of the fee or on payment of such additional fee as applicable, as mentioned in Table annexed to these rules. [Rule 12(1) of the Companies (Registration Offices and Fees) Rules 2014]
Powerless Circulars
In an interesting read Pratik Datta point out working of MCA under the Companies Act 2013. Please read:
Within the Central Government, the administration of the Companies Act, 1956, had been entrusted with the MCA through the Government of India (Allocation of Business) Rules, 1961. Interestingly, these Rules have not yet been updated to include administration of Companies Act, 2013 under the purview of MCA.
COMMITMENTS ON MOVE
Professional life is tightrope balance of professional commitments, personal relations and oneself. This is tougher for professional executives. They have near impossible commitments, near broken relations and almost lost themselves. This is all about developed professional skills, time management, stress management and skilled use of latest technology. Technological development is most enabling factors in a professional life.
Posted in Company Secretary, Governance and Responsibility, Truth of Our Time
Tagged Professional, Technology
Some Myths About Muslims
We always have our perceptions without considering facts. We reject facts which do not support our predetermined thought. Reading opposite ideas and facts always help. Read this word by word, it hurt you…
Received via Shankar Gopalakrishnan
As the 2014 elections begin, the time has come again to state the obvious. In the context of massive propaganda campaigns, the subtle use of stereotypes, and the fact that both the Western and the Indian media share certain basic biases, many people end up believing in a range of myths about the adherents of the world’s second largest religion. This is a quick attempt at exposing those myths.
Myth: ‘Muslim’ countries are never secular. Muslims do not tolerate minorities in ‘their’ countries but demand minority rights in other countries.
The world’s largest Muslim majority country is Indonesia (total population approximately 25 crores, larger than Pakistan). Indonesia is a secular democracy. Indeed, its population is almost a mirror image of India’s – 88% Muslim, 9% Christian, 3% Hindu, 2% Buddhist, etc. (as compared to India, which has a population that is 80% Hindu, 13.4% Muslim, 2.3%…
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General Election 2014
This blog supports any candidate or political party which may work for Law, Governance, Responsibility, Transparency and Competition in all sphere of life; social, economic and political.
This blog supports diversified Parliament to represent all voices from all over India without talking about any stability.
Vote even if it is for ‘None of the above’ (NOTA).
Appeal of ICSI to its Members and Students
Institute of Company Secretaries of India has mailed an “appeal” to its members and student on 1st April 2014. This was not an April Fool Prank. This letter is in public domain and is a public document.
In following paragraph, we will discuss this “appeal”:
Continue reading
INTEGRATED COMPANY SECRETARYSHIP COURSE – FULL TIME
The Institute of Company Secretaries of India has announces an integrated Company Secretaryship Course – Full Time on its web – site Recently. Readers may find details at the following link:
https://www.icsi.edu/portals/0/INTEGRATED_COMPANY_SECRETARYSHIP_COURSE_FULL_TIME.pdf
1. What is this integrated Company secretaryship course – Full time?
2. Was any response invited from stakeholders particularly from members?
3. Is it meant to create a class of full time students against present part – time students?
4. What measure have been taken to ensure that Industry will take all company secretaries as equal irrespective of course chosen – Full time or part time?
5. Why is there only one year training period there for these students against two years for general part time students? Is not it meant creating a separate class among students itself?
Readers may leave comments in the Comment section here under.
COMPANY LIMITED, STAKEHOLDERS’ RISK UNLIMITED
What is significant of word “limited” in name of a business organization?
In rural and semi urban India, this is a majority opinion that risk of a person dealing with is limited. Such persons may be petty investors, public depositors, unemployed youth, farmer, retired citizens, daily wagers and all potential victims of corporate criminals. I have met many persons, who support this limited risk perception. I have no idea about source of such wrong information.
FOREIGN DONATIONS TO POLITICAL PARTIES
Association for Democratic Reforms and another vs. Union of India
and others is a very important decision not only because it came at the eve of Indian General Elections, not only because two powerful parties Indian National Congress and Bhartiya Janata Party are accused; but also because it comes on the eve of Indian transition on companies law. The decision is a result of a writ Petition and we can find original decision here. Before going to the decision, I refer relevant legal provisions here.
Posted in Chapter XII - CA2013, Companies Act 2013, CorpGov, Governance and Responsibility, Truth of Our Time
Tagged Bhartiya Janata Party, BJP, Companies Act 1956, Companies Act 2013, Foreign Companies, Foreign Contribution Regulation Act 1973, Foreign source, INC, Indian National Congress, Sesa, Sterlite, Vedanta Inc
WINNING
Winning!!
Is not “Winning” always after a fight? What really matter is which fight we choose to win. We cannot win every fight come to us during our journey of life… during our journey of livelihood… during our journey of nirvana.
AishMGhrana: Annual Report 2013
The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog AishMGhrana.Me
Here’s an excerpt:
This year was a very special year for my blog. From average 16 page views in December 2012 to more than 375 page views per days in December 2013 with about 54,000 page views this year.
Social Mobile Democracy
Democracy is most uniting factor after Cricket and Cinema in India. Elections are much awaited celebration of our democracy.
General election 2014 will be largest democratic exercise across globe expected to be participated by billions of Indian. In election, a slightest move in a remote village may affect fate in mightiest of politicians.
Posted in Truth of Our Time
CHALLENGES FOR COMPANY SECRETARY AS GOVERNANCE PROFESSIONAL
“Company Secretary” has started a long journey form clerk to manager, general manager, decision maker, key managerial personnel to its full avatar of governance professional.
Depending upon knowledge, experience and expertise, all members of same profession may not be on same glorified height. Some may still be a clerk and some other may be on top of ladder. This all may depend upon our risk appetite of individual and his willingness to accept challenges. This will also depend upon the challenges offered to the professional.
Quotes from Companies Bill debate in Rajya Sabha
UPDATE: on 30th August 2013: Companies Bill 2012 became the Companies Act, 2013 (Act 18 of 2013).
For every new law, legislative intent, which show it in debates taken place in Parliament, become important. These debates offer a guide while drafting subordinate legislation. There are many questions about future rules and regulations. I, here, compiled some important quotes from this debates from Rajya Sabha.[i][ii][iii]
Posted in Companies Act 2013, CorpGov, CSR, Governance and Responsibility, Truth of Our Time
Tagged Auditor, Chartered Accountants, class-action suits, Companies Act 2013, Companies Bill 2012, CorpLaw, Corporate Law, Corporate Social Responsibility, CSR, Director, Ganguly Committee, Independent Director, India, Legal Reforms, Ministry of corporate affairs, Rajya Sabha, Reforms
NON – EXISTENT INDIAN
Every mainstream Indian have at least one document who can serve proof of his identity and address. It may be your ration card, voter identity card, driving license or high-profile passport. These documents are your key to gain entry to any place, get reservation in train, open bank accounts, secure phone connection, and even to claim compensation in case of misfortune like accident or death.
We may have multiple identities, true and false identities as government always claim about false ration cards.
Posted in CSR, Governance and Responsibility, Truth of Our Time
Tagged Address Proof, Corporate Social Responsibility, Criminal Tribes Act, CSR, De-notified Tribes, Democracy, Franklin Templeton Investments, Identity Proof, India, Indian, KYC, Mittal Patel, Nomadic Tribes, Semi – nomadic tribes, TEDxGateway Mumbai, Vicharata Samuday Samarthan Manch, VSSM
EVOLUTION OF CORPORATE GOVERNANCE
When was world first corporate governance scandal witnessed?
Recently, I received a very good info-graphic on the evolution of corporate governance. This info – graphic cover many remarkable events in the process. I had put a link to the web – site of presenter of this info – graphic to give due credit to them.
Please share your views and comments on this info – graphic.
The Evolution of Corporate Governance, source http://www.eSharePortal.com
Please note: this blog post is not a professional advice but general information about the subject covered here. In case, you have specific query, please seek professional advice or contact author.
I appreciate if readers share this post on social media with friends and colleagues. This will be my remuneration from your side. I welcome your comments and feedback.
Posted in CorpGov, Governance and Responsibility, Truth of Our Time
Tagged CorpGov, CorpLaw, Corporate Governance, Corporate Law
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