Hi Folks
I couldn’t have chosen the quote in the banner at a more opportune time than now. Now, when we are besieged with shocking news about brazen conflict of interest, breach of code of conduct and misuse of position by a ‘Corporate czar’ who was a star in most ‘Corporate Governance Award’ ceremonies and had truly worked her way up to becoming a stellar role model for corporate women. What is right, what is the right way and right time must be decided by each one of us at every step in our life, whether personal or professional. Listen to the true inner voice. It will never fail you ! Challenge lies in how to find it, how to fine-tune it and how to use it in moments of dilemma.
It is heartening to note that when one model falls, several others rise. There is no dearth of women role models today. The small but growing number of women in the armed forces, especially the young women officers leading the contingents in the Republic Day Parade this year was testimony to this fact. 26th January, 1950 to 26th January, 2019……it took our nation 70 long years to recognise this and at the most appropriate time when an eminent woman is our Defence Minister. I would like to share that incidentally 26th January is significant for yet another reason – it was the day way back in 1975, that Soka Gakkai International, a Buddhist organisation that promotes peace and happiness both at the individual as well as societal levels across the world was created. It is a faith and not a religion. It is a life transforming philosophy dating back to the 12th century that places great importance on empowerment of youth and women. The teachings and activities are aimed at helping the individuals to realise their inner strength and achieve victory over crises, with focus on family being the fulcrum of growth and peaceful coexistence. So, so relevant in today’s troubled times.
Brace yourselves for a long reading of this 205th issue of Samhita…..many, many more compliance burdens on companies imposed by MCA. More disclosures, more returns, more reporting, more dates to remember, more audits et al. Reason is not difficult to see but the levels of information demanded are quite overwhelming. Request all professionals and company directors to read the notifications and take necessary action. Except for Government companies, all others, big and small, whether billing or not, whether operational or not are required to comply. Scroll down to read and understand. Another interesting development is the changes made to Angel Tax exemption for Startups but I wouldn’t say the procedure is any easier. Without advance planning, raising funds the right way and at the right time will not be possible. Doing it any other way would attract legal consequences under the Tax and company law.
6th article on ‘Skills & Training for Mediators’ by Ms. Saradha Kumar, Advocate and ADR practitioner throws light on who can become a mediator and what it takes to become one. For any previous issues of Samhita and the readers feedback, please visit https://sharadasc.com/resource-center/