Making India bleed through thousand cuts:
Zia-ul Haq, the then dictator of Pakistan had formulated the above policy to make India bleed through a thousand cuts after he realised that Pakistan can not win any conventional war with it’s mighty neighbour. Search the above phrase and there will be hundreds of articles highlighting above policy and concluding that the terrorism unleashed through borders is the result of that policy. They are only half correct. Terrorism is official policy of Pakistan to deal with all neighbours.
The creation of ‘Pakistan’ which literally mean “Pure Land” is itself is a hate speech to the rest of world which is automatically termed impure. But the task of Islam/Pakistan is not complete.The Pakistan looks for “Takmeel-e-Pakistan” which means perfection. It will happen when all the Muslim in the world comes together. Can you guess what this “togetherness” will do? No marks for guessing. It is a hush talk of what ISIS dare to speak without mincing words.
The creation of Pakistan saw murder of million and exodus of Millions of Hindu/Sikh/minorities other than Muslims from West Punjab (and East Bengal) which was declared Pakistan. A state born with violence and whose first policy decision was to attack its minorities and second was to attack Kashmir, can not be expected shun violence. Therefore the crucial question is: “What are the above said thousand cuts?
Corruption and Bureaucracy:
Bureaucracy defines the march of any Nation. Govt can make policies and Bureaucracy can defeat it with impunity. To get the result the Government has to be extra cautious to rein in Bureaucracy often with carrot and stick policy.
Govt of India has already offered carrot to Bureaucracy by way of pay hike as recommended by pay commission. Time has come to crack the whip. Interestingly the most corrupt department of Govt is Income Tax department but unfortunately, Prime Minister Modi has a blind side which is Income Tax. As regard Finance Minister, his quality as a lawyer can not be disputed but he is not an administrator and certainly not an economist. As regards his administration, post demonetization chaos, is a proof of absence of administrative capabilities. His poor health certainly does not help.
Martial law by Bureaucracy:
Main Stream Media is now a propaganda machine for hire. Independence of journalism is a concept which is out of practice. It seems this is true not only for India but also in USA. One newspaper twisting same news headlines in two different ways! See the picture of Wall Street Journal below:
Editors & Journalists:
Editors who used to be humble beings now live in sprawling Mansions, travel in executive class and stay and dine in five star hotels. TV anchor driving Porsche is a new norm. Do news papers sell more now? How these journalists are making money?
Yesterday I read an article about economy which does not have a single numeric character. It suggested as if India has curfew like situation. But actually it is not. It is a business as usual for small transactions. Indian business is run on credit though settled in cash. Now people are making habit of carrying plastic or mobile wallet. See the market yesterday: Continue reading
Company Law has a long history. Company like institutions in India, date back roughly to 800 BCE but certainly during Mouryan Empire (322 BCE to 185 BCE). Of course the corporations were also in existence during Roman times. The company law under British Rule evolved with company law in rest of the common wealth countries.
The book on Company Law:
Corporate law in India is no less complex than any other country governed by Anglo Saxon laws. Parliament of India has enacted a new law called Companies Act, 2013 which has consolidated many previous laws into one code. It also recognizes many institutions which were in existence but were not recognized by previous law of 1956. Continue reading
Companies Act, 2013 had received the assent of the President of India and is technically on the statute book for two years. Technically because all provisions had not been enforced. Now most of the Act is in force. After the Amendment Act of 2015 and numerous (15) clarificatory amendments Companies Act is on the roll. A fully amended kindle ebook of Bare Act is here for sale on Amazon.
Short Review of companies Act.
This is a bird-eye view type of review and not a hair splitting exercise. Not now. If the corporate lawyers in Delaware were having any sleepless night, they be rest assured that this Act is as nocturnal (or moonshine if you prefer that) as its predecessor and is merely an exercise to legalise the actions already underway by way of executive and regulatory acts.
One person company.