Scolding the tears!!!

Through eyes to cheeks, it takes instant flight
To seek vast attention this night
enlarged eyes with unnumbered tears roll
Though practicalities knocking her mind in Crime Patrol
Sorry on sorry running around
And Circling thoughts fill the vast profound
His harsh words now and then
with energised anger so silent in her eyes
 The innocent angel view him as a convict unknown
Pressing the soft neck with virtual rope
Then smiling for her insult from the core
 Three saints beating her with harsh unspoken words
"Thrice welcome thou" the guilt replies
And she thanks god, for snatching her voice
Say would you scold the tears for the crime above
Or, would you mark his licensed words as true love

Gist of MCA Circulars 2011

Exit Scheme
Easy Exit Scheme
Guidelines for Fast Track Exit mode for defunct companies under section 560
Accounting Standards
Constitution of an Advisory Committee
Indian Accounting Standards Converged with IFRS Notified
Companies (Accounting Standards) (Amendment) Rules, 2011- Notified IND AS
Carve-outs provided in IND AS
Amendment in The Companies (Accounting Standard) Rules, 2006
General Exemption under Section 211
Directions under Section 212
Amendments in Schedule XIII regarding Managerial Remuneration 9
Amendments in Forms
Revised Schedule VI
Delegation of powers and functions to ROCs and RDs
Marking a company as having management dispute by ROCs under MCA-21 system
Filing of conflicting eForm 32 by contesting parties
Compliance of Provision of the Companies Act,1956 and Rules made there under
Special drive to clear pendency of e-forms filed with ROCs
Issue of Certificate by ROCs under the Digital Signature
Amendment in Companies Regulations
Process of incorporation of Companies simplified
Guidelines regarding Prosecution of Directors for committing defaults under Companies Act
Settlement of prosecutions cases
Certification of e-forms by the Practicing professionals
Payment of MCA fees in electronic mode
Directors Identification Number (DIN) Process and Rules
Amendment in Companies (Particulars of Employees) Rules, 1975
Director's Relatives (Office or Place of Profit) Rules
The Companies (Passing of the Resolution by Postal Ballot) Rules, 2011
Filing of Balance Sheet and Profit and Loss Account in XBRL mode
Green Initiatives
Green Initiatives - service of documents by e-mode
Clarification regarding sending copies of Balance Sheets etc. through electronic mode
Approval of MCA for appointment of agency for providing electronic platform for electronic voting
Participation by directors in meetings of Board/Committee of directors through electronic mode
Participation by shareholders in general meetings through electronic mode
Guidelines for declaring financial institution as Public Financial Institution
Clarification regarding LLP as body corporate
Clarification on Applicability of provisions of Section 108A to 108I of the Companies Act
Payment of Commission to Non-Whole Time Directors
Loan to Public Limited Companies
Simplified Procedure for amalgamation of Government Companies
Clarification on rate of depreciation for purpose of declaration of dividend by companies
Amendment in Notification No. SRO 355, dated 7-1-1957
Amendment in Notification No. G.S.R. 978, dated 28-5-1963
Cost Audit
Revised procedure to be followed by the companies and cost auditor for appointment of cost auditors
Cost Audit Orders issued under Section 233B
The Companies (Cost Accounting Records) Rules, 2011
The Companies (Cost Audit Report) Rules, 2011
Competition Law

Understanding MCA Circulars March 2011

A note on the circulars issued in March, 2011 by MCA

S.No	Reference	Title	Brief Contents of Circular
1	General Circular - dated 09.03.2011	Payment of MCA fees –electronic mode-regarding	a.       Payment confirmation is found to be a major bottleneck in delivery of services in respect of offline payment made by physical challans. b.      Delay in confirmation of payments by physical challans, as banks have been given a reporting time of ‘T’+3 days c.       This leads to delay in creation of work item for disposal of an application/e-form, leading to inconvenience of stakeholders. d.      If the fees is paid online, the work item is created faster and thereby speedy approvals by banks as banks are following’ T’+1 for reporting online payments.
	Decision taken		a.       To accept payments of value upto Rs.50,000, for MCA 21 services ,only in electronic mode w.e.f 27th March, 2011. b.      For the payments of value above Rs. 50,000, stakeholders would have the option to either make the payment in electronic mode, or paper challan. However such payments would also be made in electronic mode w.e.f .1st October’2011.
2	General Circular No:6/2011 - dated 08.03.2011	Process of incorporation of Companies (Form-1) and establishment of principal place of business in India by Foreign Companies (Form-44) – Procedure simplified.	REGISTRATION OF FORM-1 AND FORM-44 Below mentioned procedure has been recommended to speed up and simplify the process of incorporation of Companies and establishment of principal place of business in india by foreign companies: 1.      Only Form-1 shall be approved by the RoC Office. Form 18 and 32 shall be processed by the system online. 2.      There shall be one more category, i.e., Incorporation Forms ( Form 1A, Form 37, 39, 44 and 68) which will have the highest priority for approval. 3.      Average time taken for incorporation of company reduced to one (1) day only
3	General Circular No:4/2011 - dated 04.03.2011	Payment of Commission to Non-Whole Time Directors of the Company under Section 309(4)(b) of the Companies Act, 1956	Companies are making applications to the Central Government for payment of remuneration in the form of commission to their Non whole Time Director(s) even when the total commission to be paid to all the Non Whole Time Director(s) taken together falls within the limit of ; a.       1% of net profit of the company, if the company has WTD/MD b.      3% of net profit of the company, in any other case under Section 198 of the Act in addition to sitting fees.
	Decision taken		A company shall not require CG Approval for making payment of remuneration by way of commission to its Non WTD in addition to sitting fees if the total commission to be paid to all Non WTD does not exceed the limits of 1% or 3% mentioned above.
4	General Circular No:5/2011 - dated 04.03.2011	Simplification of DIN rules	Re-examination of the process of allotment of Directors Identification Number (DIN) to be obtained u/s 266B of the companies Act, 1956 In order to speed up and simplify the process to obtain a DIN, the below mentioned procedure have been recommended: 1.      Application for DIN will be made on eForm ; No physical submission of documents shall be accepted and for this purpose Scanned documents along with verification by the applicant will be attached with the eForm. Only online fee payment will be allowed i.e. No challan payment 2.      The application can also be submitted online by the applicant himself using his DSC. 3.      DIN 1 eForm can be digitally signed by the professional who shall also confirm that he has verified the particulars of the Applicant given in the application. 4.      Where the DIN 1 is verified by the professional, the DIN will be approved by the system immediately online. 5.      In other cases the DIN cell will examine the application and same shall be disposed of within one or two days. 6.      Companies (Directors Identification Number) Rules, 2006 are being amended on the above lines. 7.      Penal action against the applicant and professional certifying the DIN application in case of false information / certification as per provisions of section 628 of the Act will be taken in addition to action for professional misconduct and revocation of DIN, allotted on false information 8.      The above procedure is expected to enable allotment of DIN on the same day. 9.      The above procedure applies to filing of DIN 4 intimating changes in particulars of Directors.

Read Bhagavad Gita in School if you are Indian!!!

Bhagavad Gita

It is a book with sublime thoughts and practical instructions on Yoga, Devotion, Vedanta and Action.The Bhagavad Gita is the essence of the Vedas and Upanishads. It is a universal scripture applicable to people of all temperaments, for all times.

The Bhagavad Gita has influenced many great thinkers over the years. 

"Whatever you took, you took from God. Whatever you gave, you gave to him. You came empty handed, you will leave empty handed."

It is the duty of every Indian to respect sacred Hindu text, Bhagavad Gita, else they should leave the country.

Therefore, keeping this point of view in mind, Kageri issued a circular proposing that Bhagavad Gita should be taught to schoolchildren at least for an hour on a daily basis.
 

I love you Papa!!!!!!!!!!!!!

 Don't know what I didn't do right,

I don't know when I went wrong,

But today, when I hear those stories,

I feel we should have got along.

All the moments spent in silence,

Uncomfortable, no words exchanged,

Empty conversations to fill spaces,

When did we get so estranged?

 

Today, as I sit miles away from you,

They tell me all that you used to do-

Taking them out for movies and dinners,

Making stupefying diwali fire-crackers.

Caring for them as much as no other,

Rushing them to hospitals, leaving all the work,

My eyes turn foggy as tears well up,

And here starts- an endless guesswork.

 

When did we turn to strangers?

Everything was so blissfully perfect!

When the advertisement pops up on the television,

I screamed along, " My papa, Army Man!

Days and nights spent under you,

My evolution and growth holding your hand,

We grew distant with time, crumbling

and sifting away like the gritty sand.

 

We walked and talked every Monday,

as you showed me the prons and the cons of driving.

Those frequent car rides in the evenings from street to street,

The special tarts for me that you got

Your shirt and big boots on my lil feet,

The way you cradled me in your strong arms,

The bedtime mango shake so sweet,

as you hugged me tight to keep me warm.

 

Today, when I talk to you over the phone,

I search for the right words,

And it never lasts for more than three minutes,

Like a conversation between cowards.

Sometimes, we dont talk at all

and it makes no difference.

Because you're in your world, and I'm in mine,

and it hides each other's absence.

 

There were times when I craved for your love,

I begged for your attention and trust,

Slowly, farther and farther we grew apart,

Wonderful past memories turning to dust.

I wish I could go back in time,

mend the bends, right the wrongs,

So that when I see you next, I'd see

not a stranger, but someone to whom I belong.

 

Now, when I hear these stories,

I stare blank at them, speechless,

Fighting these tears in my eyes,

Pangs of agony and distress.

There's a part of you I was missing for months,

As I left your hand and walked away.

Will you hold me and never let go of me

When I come running back to you today?

 

Or will you stand like a stranger in the dark,

Not knowing what's happening and who I am?

 

Corporate Social Responsibility and Company Secretary

 Nurturing a strong corporate culture which emphasizes Corporate Social Responsibility (CSR) values and competencies is required to achieve the synergistic benefits. The Company Secretary of an organization occupy a central place in developing such a culture which underlines CSR values and competencies. At  present, there is a need to explore the engagement of human resource management professionals in undertaking Corporate Social Responsibility. It also suggests Human Resource Management to take a leading role in encouraging CSR activities at all levels. The combined impact of CSR and human resource activities, which reinforce desirable behavior, can make a major contribution in creating long term success in organizations.

 

There has been a sea change in the nature of the triangular relationship between companies, the state and the society. No longer can firms continue to act as independent entities regardless of the interest of the general public. The evolution of the relationship between companies and society has been one of slow transformation from a philanthropic coexistence to one where the mutual interest of all the stakeholders is gaining paramount importance. Companies are beginning to realise the fact that in order to gain strategic initiative and to ensure continued existence, business practises may have to be moulded from the normal practise of solely focussing on profits to factor in public goodwill and responsible business etiquettes. An examination of some of the factors which have led to the development of the concept of corporate social responsibility (CSR) would be ideal starting ground for the conceptual development of suitable corporate business practises for emerging markets.

The business environment has undergone vast changes in the recent years in terms of both the nature of competition and the wave of globalization that has been sweeping across markets. Companies are expanding their boundaries from the country of their origin to the evolving markets in the developing countries which have been sometimes referred to as emerging markets. 

 

The increase in competition among the multinational companies to gain first mover advantage in various developing countries by establishing goodwill relationships with both the state and the civil society is ample testimony to this transformation. Secondly, in most of the emerging markets, the state still holds the key to business success because of the existence of trade and business regulations restricting the freedom of multinational companies to incorporate their previously successful business doctrines which have been tried and tested in the developed nations. The state with its duty of protecting the interests of the general public would naturally be inclined to give preference to companies which take care of the interests of all the stakeholders. Thirdly, emerging markets have been identified as a source of immense talent with the rising levels of education. For example, the expertise of India in churning out software professionals.

In order to draw from this vast talent pool coming up in developing countries, companies need to gain a foothold in these markets by establishing sound business practices addressing social and cultural concerns of the people. It has been observed that consumers consider switching to another company's products and services, speak out against the company to family/friends, refuse to invest in that company's stock, refuse to work at the company and boycott the company's products and services in case of negative corporate citizenship behaviours
Last but not the least, firms all over the world are beginning to grasp the importance of intangible assets, be it brand name or employee morale. Only firms that have gained the goodwill of the general public and are ideal corporate citizens will be to develop these intangible assets into strategic advantages.

How to make your Business Successful?

Best thing is to get your business noticed. For this, you need to promote business for creation of new customers using leaflet printing. Say a Brochure, flyer or a leaflet will anyhow reach large number of masses and this in turn will let people knows for what you do, how you do and the prices of the product/ Services.

First step in printing is Flyer Printing which is a simple one pager coloured and convincing for people to know you. It is a take away advertisement for your business. It can be handed out or folded and posted, and it a wonderful way to promote a special sale. Since it is one page, the person looking at it reads it immediately at a glance

 Brochure printing is usually reserved for a written and pictorial message and can have four pages or more. Heavier weight than a flyer, a brochure is meant to last awhile. It conveys your business in the best manner, and a thoughtful graphic design is usually necessary. Brochures are often used by travel companies, or any company that might want promote its best image with higher quality, in addition to informing customers of its services.

Whether it is flyer printing, leaflet printing, or several page brochure printing, promoting your business by the printed word will increase your customer loyalty, add information about your business, and bring in new customers. With reasonable printing costs, a flyer printing is a fantastic investment. A flyer menu, under magnet and visible on their refrigerator, is an ideal way to keep your fast food business in front of the customer and remind them of your services and food. It will be there when your customers are hungry and need to find a quick and convenient manner of dining.

Life Manual

“Manual on Life”

We live according to our wish, guided by the values and ethics that we have evolved. But we often forget that we are part of a larger picture and have been put on this planet for a purpose. We forget that there is more to life than mere existence. Finally we just end up counting our days rather than making our days count. Life is not a spectator sport or a movie. We cannot just sit back and watch things unravel. We need to find a purpose to make our life meaningful and then strive to achieve that purpose, say you have a dream to complete

Lets undersatnd with an example, Albert Einstein was once asked, "Why are we here"? He replied, "If the Universe is an accident, we are all accidents. But if there is a meaning in the universe, then there is a meaning in us too". The more we understand about our purpose, the more we can dance in tune to the cosmic ballet. We cannot help ourselves, without helping others. We cannot enrich ourselves, without enriching others. We cannot prosper, without brining prosperity to others. It is always the little things that make a huge difference.

Second Example; Once a man was taking a morning walk on the beach when he saw hundreds of starfish stranded on the beach sand as the tide receded. Realizing that they will die soon, the man took a few steps, picked one and threw it into the water. He did that repeatedly. Right behind him there was another person who couldn't understand what this man was doing. He caught up with him and asked, "What are you doing?

There are hundreds of starfish. How many can you help? What difference does it make?" This man did not reply, took two more steps, picked up another one, threw it into the water, and said, "It makes a difference to this one." Are we making any difference to the lives of others? Big or small, it does not matter. But if each one of us did our part, wouldn't we end up making a huge difference to people around us?

I think, there are 2 kinds of tragedies in life. One is not getting what we want and the other is getting what we want. If we are not clear about our value system, then getting what we want can be a bigger tragedy. 

Third Example being, the story of the greedy King Midas says it all. He got a wish to turn everything that he touches into gold. But his greed finally paid off as he was not able to eat anything and also ended turning his beloved daughter into a gold statue. Distorted values always lead to tragedy. Unlike the game of soccer where players can be substituted, the game of life allows no substitutions or replays. We need to be sure about what we want and what we intend to do.

Nothing else matters as long as we do the right thing and make the right moves. Our imperfections do not

count as along as we exude positive vibes and spread happiness around us.

So, Do the right thing. It will gratify some people and astonish the rest".

Story of a Nail Paint

Story of Nail Paint from Beauty Store to my own beauty box is amazing and so colorful

 

There came a time when I started using all my bucks, used every last cent. I needed it and I couldn't live without it. A new collection of nail paints has come up with new offers at the ambience mall and it had to be mine. This addiction came with no pre warnings, before I knew it my collection had out grown my bath room cabinet and was taking over my house. You won't walk in without finding at least a few on my floor, one or two on the living room end table and most definitely a new shopping bag filled in my purse.

This coloured material called Nail polish has become my go-to for when I need to be cheered up. It is the easiest thing in your wardrobe or accessory closet that will always fits. Some colors washed out  some faded with seasons but you know your favorite color will always be by your side. And thank god, I have too many friends who have always been there to pamper my addiction and this way I created gallery of colors all around. 

And after watching my love towards this colorful cosmetics section in my dressing table, people started clicking it for new photo shoot

So, lets enjoy coloring nails!!!!!!

Blasts in Mumbai 2011

Mumbai Bombed Again, the satraps of Pakistan already sending condolences. This FRDAY send Pakistan your answer and make it unforgettable and tell them to take their condolences and wipe their asses with them.

The 2011 Mumbai Blasts (herein referred to as July 13 or 13/07) were at three places in Mumbai. Three explosions have taken place in Mumbai on Wednesday evening – two in South Mumbai at Opera House and in Zaveri Bazar and one at Dadar West, in Central Mumbai. The Home Ministry has confirmed a terrorist attack and Mumbai is on high alert. All blasts took place in crowded places. Eyewitnesses said about 15 to 20 people have been taken to hospital in Zaveri Bazar. 

The jinx associated with number '13' seems to hold true for the country with four bomb blasts taking place on this date during the last three years.

Mumbai's diamond district Zaveri Bazaar and two other bustling markets Opera and Dadar were today hit by three consecutive blasts, killing at least 13 and injuring about 100

On February 13 last year, 17 people were killed and over 60 injured when the famous German Bakery in Pune was hit by a bomb blast. The bakery which was frequented by foreigners came under attack a day before Valentine's Day when young crowd throng the eatery

In May 13, 2008, Jaipur was hit by a series of nine synchronised bomb blasts within 15 minutes across different locations of the 'Pink City'

The blasts -- first terror attack on this tourist destination -- killed 68 people and injured over 214

Same year on September 13, six blasts took place in the national capital killing 26 people. The blasts took place in crowded markets of Karol Bagh, Connaught Place and Greater Kailash

All these blasts save one, the German Bakery, have some common points -- all these bombs were synchronised and timed to explode within a very short span of time, crowded markets were the targets and the blasts occurred in evening when these places swell with customers