Monday, December 20, 2010
CONVERSATION BETWEEN A PENCIL & AN ERASER
Pencil: I'm sorry....
Eraser: For what? You didn't do anything wrong.
Pencil: I'm sorry cos you get hurt bcos of me. Whenever I made a mistake,you're always there to erase it. But as you make my mistakes vanish, youlose a part of yourself. You get smaller and smaller each time.
Eraser: That's true. But I don't really mind. You see, I was made to dothis. I was made to help you whenever you do something wrong. Even thoughone day, I know I'll be gone and you'll replace me with a new one, I'mactually happy with my job. So please, stop worrying. I hate seeing yousad. :)
I found this conversation between the pencil and the eraser veryinspirational. Parents are like the eraser whereas their children are thepencil. They're always there for their children, cleaning up theirmistakes. Sometimes along the way... they get hurt, and become smaller(older, and eventually pass on). Though their children will eventually findsomeone new (spouse), but parents are still happy with what they do fortheir children, and will always hate seeing their precious ones worrying,or sad.
Eraser: For what? You didn't do anything wrong.
Pencil: I'm sorry cos you get hurt bcos of me. Whenever I made a mistake,you're always there to erase it. But as you make my mistakes vanish, youlose a part of yourself. You get smaller and smaller each time.
Eraser: That's true. But I don't really mind. You see, I was made to dothis. I was made to help you whenever you do something wrong. Even thoughone day, I know I'll be gone and you'll replace me with a new one, I'mactually happy with my job. So please, stop worrying. I hate seeing yousad. :)
I found this conversation between the pencil and the eraser veryinspirational. Parents are like the eraser whereas their children are thepencil. They're always there for their children, cleaning up theirmistakes. Sometimes along the way... they get hurt, and become smaller(older, and eventually pass on). Though their children will eventually findsomeone new (spouse), but parents are still happy with what they do fortheir children, and will always hate seeing their precious ones worrying,or sad.
Thursday, November 11, 2010
Story of Appreciation
One young academically excellent person went to apply for a managerialposition in a big company.
He passed the first interview; the director did the last interview, madethe last decision.
The director discovered from the CV that the youth's academicachievements were excellent all the way, from the secondary school untilthe postgraduate research, never had a year when he did not score.
The director asked, "Did you obtain any scholarships in school?" theyouth answered "none".
The director asked, " Was it your father who paid for your school fees? " The youth answered, "My father passed away when I was one year old, it wasmy mother who paid for my school fees.
The director asked, " Where did your mother work?" The youth answered, "Mymother worked as clothes cleaner. The director requested the youth to showhis hands. The youth showed a pair of hands that were smooth and perfect.
The director asked, " Have you ever helped your mother wash the clothesbefore?" The youth answered, "Never, my mother always wanted me to studyand read more books. Furthermore, my mother can wash clothes faster thanme.
The director said, "I have a request. When you go back today, go andclean your mother's hands, and then see me tomorrow morning.*
The youth felt that his chance of landing the job was high. When he wentback, he happily requested his mother to let him clean her hands. Hismother felt strange, happy but with mixed feelings, she showed her handsto the kid.
The youth cleaned his mother's hands slowly. His tear fell as he didthat. It was the first time he noticed that his mother's hands were sowrinkled, and there were so many bruises in her hands. Some bruises wereso painful that his mothershivered when they were cleaned with water.
This was the first time the youth realized that it was this pair of handsthat washed the clothes everyday to enable him to pay the school fee. Thebruises in the mother's hands were the price that the mother had to payfor hisgraduation, academic excellence and his future.
After finishing the cleaning of his mother hands, the youth quietly washedall the remaining clothes for his mother.
That night, mother and son talked for a very long time.
Next morning, the youth went to the director's office.
The Director noticed the tears in the youth's eyes, asked: " Can you tellmewhat have you done and learned yesterday in your house?"
The youth answered, " I cleaned my mother's hand, and also finished cleaning all the remaining clothes'
The Director asked, " please tell me your feelings."
The youth said, Number 1, I know now what is appreciation. Without mymother, there would not the successful me today. Number 2, by workingtogether and helpingmy mother, only I now realize how difficult and tough it is to getsomething done. Number 3, I have come to appreciate the importance andvalue of family relationship.
The director said, " This is what I am looking for to be my manager. I want to recruit a person who can appreciate the help of others, a personwho knows the sufferings ofothers to get things done, and a person who would not put money as hisonly goal in life. You are hired.
Later on, this young person worked very hard, and received the respect of his subordinates. Every employee worked diligently and as a team. The company's performance improved tremendously.
A child, who has been protected and habitually given whatever he wanted,would develop "entitlement mentality" and would always put himself first.He would be ignorant of his parent's efforts. When he starts work, he assumes that every person must listen to him, and when he becomes a manager, he would never know the sufferings of his employees and wouldalways blame others. For this kind of people, who may be good academically, may be successful for a while, but eventually would not feel sense of achievement. He will grumble and be full of hatred and fight for more. If we are this kind of protective parents, are we really showinglove or are we destroying the kid instead?*
You can let your kid live in a big house, eat a good meal, learn piano,watch a big screen TV. But when you are cutting grass, please let themexperience it. After a meal, let them wash their plates and bowls togetherwith their brothers and sisters. It is not because you do not have money to hire a maid, but it is because you want to love them in a right way.You want them to understand, no matter how rich their parents are, one day their hair will grow gray, same as the mother of that young person. The most important thing is your kid learns how to appreciate the effort and experience the difficulty and learns the ability to work with others to get things done.
He passed the first interview; the director did the last interview, madethe last decision.
The director discovered from the CV that the youth's academicachievements were excellent all the way, from the secondary school untilthe postgraduate research, never had a year when he did not score.
The director asked, "Did you obtain any scholarships in school?" theyouth answered "none".
The director asked, " Was it your father who paid for your school fees? " The youth answered, "My father passed away when I was one year old, it wasmy mother who paid for my school fees.
The director asked, " Where did your mother work?" The youth answered, "Mymother worked as clothes cleaner. The director requested the youth to showhis hands. The youth showed a pair of hands that were smooth and perfect.
The director asked, " Have you ever helped your mother wash the clothesbefore?" The youth answered, "Never, my mother always wanted me to studyand read more books. Furthermore, my mother can wash clothes faster thanme.
The director said, "I have a request. When you go back today, go andclean your mother's hands, and then see me tomorrow morning.*
The youth felt that his chance of landing the job was high. When he wentback, he happily requested his mother to let him clean her hands. Hismother felt strange, happy but with mixed feelings, she showed her handsto the kid.
The youth cleaned his mother's hands slowly. His tear fell as he didthat. It was the first time he noticed that his mother's hands were sowrinkled, and there were so many bruises in her hands. Some bruises wereso painful that his mothershivered when they were cleaned with water.
This was the first time the youth realized that it was this pair of handsthat washed the clothes everyday to enable him to pay the school fee. Thebruises in the mother's hands were the price that the mother had to payfor hisgraduation, academic excellence and his future.
After finishing the cleaning of his mother hands, the youth quietly washedall the remaining clothes for his mother.
That night, mother and son talked for a very long time.
Next morning, the youth went to the director's office.
The Director noticed the tears in the youth's eyes, asked: " Can you tellmewhat have you done and learned yesterday in your house?"
The youth answered, " I cleaned my mother's hand, and also finished cleaning all the remaining clothes'
The Director asked, " please tell me your feelings."
The youth said, Number 1, I know now what is appreciation. Without mymother, there would not the successful me today. Number 2, by workingtogether and helpingmy mother, only I now realize how difficult and tough it is to getsomething done. Number 3, I have come to appreciate the importance andvalue of family relationship.
The director said, " This is what I am looking for to be my manager. I want to recruit a person who can appreciate the help of others, a personwho knows the sufferings ofothers to get things done, and a person who would not put money as hisonly goal in life. You are hired.
Later on, this young person worked very hard, and received the respect of his subordinates. Every employee worked diligently and as a team. The company's performance improved tremendously.
A child, who has been protected and habitually given whatever he wanted,would develop "entitlement mentality" and would always put himself first.He would be ignorant of his parent's efforts. When he starts work, he assumes that every person must listen to him, and when he becomes a manager, he would never know the sufferings of his employees and wouldalways blame others. For this kind of people, who may be good academically, may be successful for a while, but eventually would not feel sense of achievement. He will grumble and be full of hatred and fight for more. If we are this kind of protective parents, are we really showinglove or are we destroying the kid instead?*
You can let your kid live in a big house, eat a good meal, learn piano,watch a big screen TV. But when you are cutting grass, please let themexperience it. After a meal, let them wash their plates and bowls togetherwith their brothers and sisters. It is not because you do not have money to hire a maid, but it is because you want to love them in a right way.You want them to understand, no matter how rich their parents are, one day their hair will grow gray, same as the mother of that young person. The most important thing is your kid learns how to appreciate the effort and experience the difficulty and learns the ability to work with others to get things done.
Tuesday, November 09, 2010
Thursday, November 04, 2010
Friday, October 15, 2010
Thursday, October 14, 2010
ATTITUDE
An old man lived alone in a village. He wanted to spade his potatogarden, but it was very hard work. His only son, who would have helpedhim, was in prison.The old man wrote a letter to his son and mentioned his situation:
Dear Son,
I am feeling pretty bad because it looks like I won't be able to plantmy potato garden this year. I hate to miss doing the garden, becauseyour mother always loved planting time. I'm just getting too old tobedigging up a garden plot. If you were here, all my troubles would beover. I know you would dig the plot for me, if you weren't in prison.
Love,Dad
Shortly, the old man received this telegram: "For Heaven's sake,Dad,don't dig up the garden!! That's where I buried the GUNS!!" At 4 a.m. the next morning, a dozen FBI agents and local police officersshowed up and dug up the entire garden without finding any guns.Confused, the old man wrote another note to his son telling him whathappened, and asked him what to do next.
His son's reply was: "Go ahead and plant your potatoes, Dad.. It's the best I could do for you from here."
Moral:
NO MATTER WHERE YOU ARE IN THE WORLD, IF YOU HAVE DECIDED TO DOSOMETHING DEEP FROM YOUR HEART YOU CAN DO IT. IT IS THE THOUGHT THATMATTERS.. NOT WHERE YOU ARE OR WHERE THE PERSON IS
Dear Son,
I am feeling pretty bad because it looks like I won't be able to plantmy potato garden this year. I hate to miss doing the garden, becauseyour mother always loved planting time. I'm just getting too old tobedigging up a garden plot. If you were here, all my troubles would beover. I know you would dig the plot for me, if you weren't in prison.
Love,Dad
Shortly, the old man received this telegram: "For Heaven's sake,Dad,don't dig up the garden!! That's where I buried the GUNS!!" At 4 a.m. the next morning, a dozen FBI agents and local police officersshowed up and dug up the entire garden without finding any guns.Confused, the old man wrote another note to his son telling him whathappened, and asked him what to do next.
His son's reply was: "Go ahead and plant your potatoes, Dad.. It's the best I could do for you from here."
Moral:
NO MATTER WHERE YOU ARE IN THE WORLD, IF YOU HAVE DECIDED TO DOSOMETHING DEEP FROM YOUR HEART YOU CAN DO IT. IT IS THE THOUGHT THATMATTERS.. NOT WHERE YOU ARE OR WHERE THE PERSON IS
Psychology Test
Psychology ka practical ho raha tha.
Professor ne 1 Chuhe k liye 1 taraf cake aur dusri taraf chuhe ki biwi (chuhia) rakh di.
Chuha foran Cake Ki taraf lapka.
Dusri baar Cake ko badal kar Roti rakhi.
Chuha Roti ki taraf lapka.
Is tarah kai baar food item badle.
Chuha har baar food ki taraf bhaaga.
Professor: Isse ye saabit ho gaya ke bhukh mei hi sabse badi taqat hai.
Itne mei last row se ek awaz ayi = "Sir,ek bar chuhiya bhi badal ke dekh lete"
Professor ne 1 Chuhe k liye 1 taraf cake aur dusri taraf chuhe ki biwi (chuhia) rakh di.
Chuha foran Cake Ki taraf lapka.
Dusri baar Cake ko badal kar Roti rakhi.
Chuha Roti ki taraf lapka.
Is tarah kai baar food item badle.
Chuha har baar food ki taraf bhaaga.
Professor: Isse ye saabit ho gaya ke bhukh mei hi sabse badi taqat hai.
Itne mei last row se ek awaz ayi = "Sir,ek bar chuhiya bhi badal ke dekh lete"
Saturday, October 09, 2010
Monday, September 27, 2010
Income Tax - Date Extended to 15th October
F.No. 225/72/2010-ITA.IIGovernment of IndiaMinistry of Finance Department of Revenue Central Board of Direct Taxes
Dated : September 27, 2010
Order under Section 119 of the Income Tax Act, 1961
On consideration of the reports of disturbance of general life caused due to floods and heavy rains, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the due date of filing of returns of income for the Assessment Year 2010-11 from 30.09.2010 to 15th October 2010. Accordingly the due date for Tax Audit report u/s. 44AB of the Income Tax Act is also extended to 15th October, 2010.
(Ajay Goyal)Director (ITA. II)
Dated : September 27, 2010
Order under Section 119 of the Income Tax Act, 1961
On consideration of the reports of disturbance of general life caused due to floods and heavy rains, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the due date of filing of returns of income for the Assessment Year 2010-11 from 30.09.2010 to 15th October 2010. Accordingly the due date for Tax Audit report u/s. 44AB of the Income Tax Act is also extended to 15th October, 2010.
(Ajay Goyal)Director (ITA. II)
Friday, August 27, 2010
My Photography
University of Experience, an experiential travel brand organizes 'Wildangle', a photo journey into the naturescapes of Kenya, Sri Lanka, Ladakh, Corbett, Bharatpur and Chambal through thelenses of Nayan Khanolkar, Kedar Malegaonkar, Baiju Patil,Atmaram Parab and Sangram Surve.
Dates: 28th August to 5th September 2010
Time: 12:00 pm to 8:00 pm
Time: 12:00 pm to 8:00 pm
Venue: NCPA Piramal Gallery
Friday, August 13, 2010
KAS - Birding and Photography (visit www.universityofexperience.in)
About Kas: Kas is situated 20 km away from the town of Satara, which in turn is 100 km from Pune, and about 320 km from Mumbai. Best reachable by road, this beautiful plateau is also called Maharashtra's 'Valley of Flowers'. Ideal experiences would be for photographers, birders and those interested in flora. One can spot birds like Prinia, Bulbul, Crested Bunting, Brahminy kite, Malabar Crested lark, Indian roller, European roller, Grey jungle fowl, Swallow, Spotted dove, Shrike, Laughing dove etc. Floral species include Pleocaulusritchiei (Topli-Karvi/Mal-Karvi), Celosia argentea (Kurdu/Kombda), Impatiens Lawii (Jambhala-Terda), Utricularia purpurascens (Seetechi Aswe ), Cyanotis tuberosa (Abhali) among others.
Session 1: Capturing the colors Kas is a landscape photographer's paradise. There will be two separate sessions on the Kas plateau, each one focusing on specific experiences. The first of these sessions will focus on landscape and flower photography. You will only be restricted by your imagination as you go on composing frame after frame of breathtaking landscapes. Click patches of yellows, purples, whites and blues interspersed with waterbodies all on a deep green bed against the backdrop of clear blue skies. After wide angle, switch to your micro lenses and click close ups of exotic flowers, insects and butterflies.
Session 2: Framing flight The second session will be a patient slow meandering drive/walk along the plateau looking for Kas birdlife. Birder and Wildlife Photographer Nayan Khanolkar will guide you to birding hotspots. Rely on your telephotos and lady luck to click pictures of larks, doves, prinias, crested bunting, Indian rollers and on a lucky day the grey jungle fowl.
Session 1: Capturing the colors Kas is a landscape photographer's paradise. There will be two separate sessions on the Kas plateau, each one focusing on specific experiences. The first of these sessions will focus on landscape and flower photography. You will only be restricted by your imagination as you go on composing frame after frame of breathtaking landscapes. Click patches of yellows, purples, whites and blues interspersed with waterbodies all on a deep green bed against the backdrop of clear blue skies. After wide angle, switch to your micro lenses and click close ups of exotic flowers, insects and butterflies.
Session 2: Framing flight The second session will be a patient slow meandering drive/walk along the plateau looking for Kas birdlife. Birder and Wildlife Photographer Nayan Khanolkar will guide you to birding hotspots. Rely on your telephotos and lady luck to click pictures of larks, doves, prinias, crested bunting, Indian rollers and on a lucky day the grey jungle fowl.
Tuesday, July 20, 2010
Standatd Chartered Mumbai Marathon 2011 (SCMM 2011)
Standard Chartered Mumbai Marathon is held every year on the 3rd Sunday of January. Hence, the 2011 edition of the Standard Chartered Mumbai Marathon will, in all likelihood, be held on Sunday 16th January 2011.
Going again by the past trends, the registrations will start soon, usually in the 3rd or 4th week of July and the registrations are closed sometime in August or as soon as the running places are filled up. Considering the recent trends, it would be advisable to register for the running places as soon as the the registrations open, since the running places to run very fast. So keep checking the event website scmm.indiatimes.com every day until you find the registrations open.
In 2010, the registrations closed within 2 weeks of opening, and thereafter, the only way you could hope to find a running place is by auctions conducted by some charity organizations. The other option is to approach your employer who can book running places in the corporate sporting challenge or some other (sponsorship) category.
Standard Chartered Mumbai Marathon 2011 Registration Online Website –
http://scmm.indiatimes.com/
Event helpline no – +91 22 42020200 (Mon to Sat, 10 am to 7 pm)
For more information, please email us at scmm@procam.in
Going again by the past trends, the registrations will start soon, usually in the 3rd or 4th week of July and the registrations are closed sometime in August or as soon as the running places are filled up. Considering the recent trends, it would be advisable to register for the running places as soon as the the registrations open, since the running places to run very fast. So keep checking the event website scmm.indiatimes.com every day until you find the registrations open.
In 2010, the registrations closed within 2 weeks of opening, and thereafter, the only way you could hope to find a running place is by auctions conducted by some charity organizations. The other option is to approach your employer who can book running places in the corporate sporting challenge or some other (sponsorship) category.
Standard Chartered Mumbai Marathon 2011 Registration Online Website –
http://scmm.indiatimes.com/
Event helpline no – +91 22 42020200 (Mon to Sat, 10 am to 7 pm)
For more information, please email us at scmm@procam.in
Wednesday, June 02, 2010
New Changes in TDS Rules - 02-06-2010
CBDT Press Release No. 402/92/2006-MC (27 of 2010), dated 2-6-2010
The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of statement of TDS’ (TDS return) vide Notification No. 41/2010; SO No. 1261(E) dated 31.05.2010. The amended rules will apply only in respect of tax deducted on or after 1st day of April 2010.Forms for TDS certificate have been revised to include the receipt number of the TDS return filed by the deductor. Now the Tax-deduction Account Number (TAN) of the deductor, Permanent Account Number (PAN) of the deductee, and Receipt number of TDS return filed by the deductor will form the unique identification for allowing tax credit claimed by the taxpayer in his income-tax return.Government Authorities (Pay and Accounts Officer or Treasury Officer or Cheque Drawing and Disbursing Officer) responsible for crediting tax deducted at source to the credit of the Central Government by book-entryare now required to electronically file a monthly statement in a new Form No. 24G containing details of credit of TDS to the agency authorised by the Director General of Income-tax (Systems). Due date for furnishing TDS return for the last quarter of the financial year has been modified to 15th May (from earlier 15th June). The revised due dates for furnishing TDS return are:
Date of ending of the quarter of the financial year Due date
30th June 15th July of the financial year
30th September 15th Oct. of the financial year
31st December 15th Jan. of the financial year
31st March 15th May of the financial year
immediately following the financial
year in which deduction is made
Due date for furnishing TDS certificate to the employee or deductee or payee is revised as under :
Sl. No. Category eriodicity of furnishing
TDS certificate Due date
1. Salary (Form No.16) Annual By 31st day of May of the financial year
immediately following the financial year in
which the income was paid and tax
deducted
2. Non-Salary(Form No.16A) Quarterly Within fifteen days from the due date for
furnishing the ‘statement of TDS’
The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of statement of TDS’ (TDS return) vide Notification No. 41/2010; SO No. 1261(E) dated 31.05.2010. The amended rules will apply only in respect of tax deducted on or after 1st day of April 2010.Forms for TDS certificate have been revised to include the receipt number of the TDS return filed by the deductor. Now the Tax-deduction Account Number (TAN) of the deductor, Permanent Account Number (PAN) of the deductee, and Receipt number of TDS return filed by the deductor will form the unique identification for allowing tax credit claimed by the taxpayer in his income-tax return.Government Authorities (Pay and Accounts Officer or Treasury Officer or Cheque Drawing and Disbursing Officer) responsible for crediting tax deducted at source to the credit of the Central Government by book-entryare now required to electronically file a monthly statement in a new Form No. 24G containing details of credit of TDS to the agency authorised by the Director General of Income-tax (Systems). Due date for furnishing TDS return for the last quarter of the financial year has been modified to 15th May (from earlier 15th June). The revised due dates for furnishing TDS return are:
Date of ending of the quarter of the financial year Due date
30th June 15th July of the financial year
30th September 15th Oct. of the financial year
31st December 15th Jan. of the financial year
31st March 15th May of the financial year
immediately following the financial
year in which deduction is made
Due date for furnishing TDS certificate to the employee or deductee or payee is revised as under :
Sl. No. Category eriodicity of furnishing
TDS certificate Due date
1. Salary (Form No.16) Annual By 31st day of May of the financial year
immediately following the financial year in
which the income was paid and tax
deducted
2. Non-Salary(Form No.16A) Quarterly Within fifteen days from the due date for
furnishing the ‘statement of TDS’
Tuesday, June 01, 2010
Easy Exit Scheme 2010 under Companies Act, 1956
Ministry of Corporate Affairs Introduces Easy Exit Scheme 2010 Under Section 560 of the Companies Act 1956
In order to give an opportunity to the defunct companies, for getting their names struck off from the Register of Companies, the Ministry of Corporate Affairs has decided to introduce a Scheme namely, ‘Easy Exit Scheme, 2010’ under Section 560 of the Companies Act, 1956.
The Scheme does not inter-alia cover the listed companies, section 25 companies, vanishing companies, companies under inspection/investigation, companies against which prosecution for a non-compoundable offence is pending in court, companies having outstanding public deposits or secured loan or dues towards banks and financial institutions or any other Government Departments etc. or having management dispute or company in respect of which filing of documents have been stayed by court or CLB or Central Government or any other competent authority.
Any defunct company desirous of getting its name struck off the Register under Section 560 of the Companies Act, 1956 shall make an application without fee in the Form EES, 2010 electronically on the Ministry of Corporate Affairs portal namely www.mca.gov.in along with affidavit, Indemnity Bond and a Statement of Account duly certified by the statutory auditor or a Chartered Accountant in whole time practice.
The schemes will be in operation from 30th May, 2010 to 31st Aug, 2010.
Availing the benefit of the Schemes will prevent companies from prosecution and other legal action.
In order to give an opportunity to the defunct companies, for getting their names struck off from the Register of Companies, the Ministry of Corporate Affairs has decided to introduce a Scheme namely, ‘Easy Exit Scheme, 2010’ under Section 560 of the Companies Act, 1956.
The Scheme does not inter-alia cover the listed companies, section 25 companies, vanishing companies, companies under inspection/investigation, companies against which prosecution for a non-compoundable offence is pending in court, companies having outstanding public deposits or secured loan or dues towards banks and financial institutions or any other Government Departments etc. or having management dispute or company in respect of which filing of documents have been stayed by court or CLB or Central Government or any other competent authority.
Any defunct company desirous of getting its name struck off the Register under Section 560 of the Companies Act, 1956 shall make an application without fee in the Form EES, 2010 electronically on the Ministry of Corporate Affairs portal namely www.mca.gov.in along with affidavit, Indemnity Bond and a Statement of Account duly certified by the statutory auditor or a Chartered Accountant in whole time practice.
The schemes will be in operation from 30th May, 2010 to 31st Aug, 2010.
Availing the benefit of the Schemes will prevent companies from prosecution and other legal action.
Company Law Settlement Scheme 2010
Ministry of Corporate Affairs Introduces Company Law Settlement Scheme 2010 for Defaulting Companies
It has been observed that a large number of companies are not filing their due documents timely with the Registrar of Companies. Due to this, the records available in the electronic registry are not updated and thereby are not available to the stakeholders for inspection. Further, due to non-filing of the documents on time, companies are burdened with additional fee and facing the prosecutions also.
There are many companies, who have not increased their paid up capital up to the threshold limit provided in sub-section (3) and sub-section (4) of Section 3 of the Companies Act, 1956.
In order to give an opportunity to the defaulting companies to enable them to make their default good by filing belated documents and to become a regular compliant in future, the Ministry has introduced a Scheme namely, ‘Company Law Settlement Scheme, 2010,’ for condoning the delay in filing documents with the Registrar, granting immunity from prosecution and charging additional fee of 25 percent of actual additional fee payable for filing belated documents under the Companies Act, 1956 and the rules made there under.
After granting the immunity, the Registrar concerned shall withdraw the prosecution(s) pending if any before the concerned Court(s).
At the conclusion of the Scheme, the Registrar shall take necessary action under the Companies Act, 1956 against the companies who have not availed this Scheme and are in default in filing of documents in a timely manner.
The scheme will be in operation from 30th May, 2010 to 31st Aug, 2010.
For details refer General Circular No: 1/2010 dated 26.05.2010 available below
Availing the benefit of the Scheme will prevent companies from prosecution and other legal action.
It has been observed that a large number of companies are not filing their due documents timely with the Registrar of Companies. Due to this, the records available in the electronic registry are not updated and thereby are not available to the stakeholders for inspection. Further, due to non-filing of the documents on time, companies are burdened with additional fee and facing the prosecutions also.
There are many companies, who have not increased their paid up capital up to the threshold limit provided in sub-section (3) and sub-section (4) of Section 3 of the Companies Act, 1956.
In order to give an opportunity to the defaulting companies to enable them to make their default good by filing belated documents and to become a regular compliant in future, the Ministry has introduced a Scheme namely, ‘Company Law Settlement Scheme, 2010,’ for condoning the delay in filing documents with the Registrar, granting immunity from prosecution and charging additional fee of 25 percent of actual additional fee payable for filing belated documents under the Companies Act, 1956 and the rules made there under.
After granting the immunity, the Registrar concerned shall withdraw the prosecution(s) pending if any before the concerned Court(s).
At the conclusion of the Scheme, the Registrar shall take necessary action under the Companies Act, 1956 against the companies who have not availed this Scheme and are in default in filing of documents in a timely manner.
The scheme will be in operation from 30th May, 2010 to 31st Aug, 2010.
For details refer General Circular No: 1/2010 dated 26.05.2010 available below
Availing the benefit of the Scheme will prevent companies from prosecution and other legal action.
Wednesday, May 26, 2010
Think fast!!!
John works in a supermarket. A man came in and asked John for half a kilogram of butter. The boy told him they only sold 1 kg packets of butter, but the man was persistent. The boy said he'd go ask his manager what todo. John walked into the back room and said, "There's a bloody fellow out there who wants to buy only half a kilo of butter." As he finished sayingthis, he turned around to find the man standing right behind him, so he added,"And this gentleman wants to buy the other half."
The manager finished the deal and later said to John, "You almost got yourself in a lot of trouble earlier, but I must say I was impressedwith the way you got yourself out of it. You think on your feet, and I likeit a lot. Which place are you from?"
John replied, "I'm from Mexico, Sir."
"Oh, really? Why did you leave Mexico?" asked the manager.
John replied, "They're all just prostitutes and soccer players upthere."
"My wife is from Mexico," the manager said.
John replied, "Which team did she play for?"
Moral
Think fast!!!
The manager finished the deal and later said to John, "You almost got yourself in a lot of trouble earlier, but I must say I was impressedwith the way you got yourself out of it. You think on your feet, and I likeit a lot. Which place are you from?"
John replied, "I'm from Mexico, Sir."
"Oh, really? Why did you leave Mexico?" asked the manager.
John replied, "They're all just prostitutes and soccer players upthere."
"My wife is from Mexico," the manager said.
John replied, "Which team did she play for?"
Moral
Think fast!!!
Excellence...
German once visited a temple under construction where he saw a sculptor making an idol of God. Suddenly he noticed a similar idol lying nearby. Surprised, he asked the sculptor, "Do you need two statues of the same idol?" "No," said the sculptor without looking up, "We need only one, but the first one got damaged at the last stage." The gentleman examined the idol and found no apparent damage. "Where is the damage?" he asked. "There is a scratch on the nose of the idol." said the sculptor, still busy with his work. "Where are you going to install the idol?"
The sculptor replied that it would be installed on a pillar twenty feet high. "If the idol is that far, who is going to know that there is a scratch on the nose?" the gentleman asked. The sculptor stopped his work, looked up at the gentleman, smiled and said, "I will know it."
The desire to excel is exclusive of the fact whether someone else appreciates it or not. "Excellence" is a drive from inside, not outside. Excellence is not for someone else to notice but for your own satisfaction and efficiency... :-)
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