When I started to write today, I checked what I wrote last time. My God ! I had begun with “A lot can happen over coffee – coffee, conversations & beyond !” Shocking that the Coffee King whose tag line was ‘a lot can happen over coffee’ is no more. Be that as disturbing as it may, what is on top of my mind today is the way food gets wasted. Last few weeks, my work took me to NGOs focussed on children. In one such NGO, I noticed the way the visually impaired children were all seated neatly on the floor, eating the rice, sambhar & buttermilk completely without wasting a single grain or drop. The food didn’t look tasty. There was little daal and vegetables in the sambhar and buttermilk was almost like water but I saw most children asking for more and clearing the plate. They seemed to enjoy each other’s company and whatever was served. I was at once touched and grateful to the founder of this NGO, who is herself a visually impaired young woman. Compare this to meal times of children in well-to-do families. Feeding is a big task for the mothers with all kinds of gadgets in the hands of the young ones. Gone are the days when mothers would show the moon, tell stories, sing songs, create fear about ghosts etc. Today it is enticing of an altogether different kind, what with the variety of food choices available. The same is the case for older children and adults – we are spoilt for food choice thanks to the fancy restaurants and home-delivery options. We don’t think twice to order and throw it away if found unpalatable.
Let me move from the NGO setting to a corporate one. What angered me recently was when I saw an overfed, suited-booted man in a board meeting picking up a big bowl of exotic fruits and tasting only a few. Without a sense of guilt he simply wasted the rest of the fruits – this after what seemed to have been a sumptuous meal that he had had. I don’t know how many hungry mouths could have been fed on that. Well, on the other side I have another friend of mine who very proudly vows that she never, ever wastes a single grain of food, thanks to her upbringing and the importance of food that her mother instilled in her right from her childhood.
Only when we lose something do we understand its value. Ask a 9 month pregnant mother who loses her child, ask a sportsperson who loses by a millisecond, ask someone who has missed the train by a few minutes, ask someone who has escaped an accident narrowly, ask a cancer patient who has lost hair to chemotherapy ……..this is when the value of the loss can be experienced. Recently I received a message from one of my cancer support group members who had a relapse….”Friends I want to eat and drink but here I am, STARVING…..with tubes in my nose and mouth. Please pray for my recovery”. Stirred me to the core that a simple act of eating can become so special if you are unwell.
“Anna Brahma” – food is revered as God. Saint Dyaneshvar says, ‘Food itself is Brahma’. The whole universe originates from, sustains on and merges into Brahma. Similarly, all living beings originate from, survive on and merge into food. Let us resolve to feed hungry beings and not colourful garbage bins !!
Life moves on and so does our journey tracking the regulatory changes. This 217th issue of Samhita carries the important ones along with the 18th article on Mediation (in motor accidents) by Ms. Saradha Kumar, Advocate and trained Mediator. For any previous issues of Samhita and the readers feedback, please visit https://sharadasc.com/resource-center/
MCA updates :
SBO Reporting (BEN-2) – Due date extended
Post the receipt of several representations, the MCA has extended the due date for reporting of Significant Beneficial Owner (e-form BEN-2) details from 30.07.2019 to 30.09.2019.
The MCA has notified the Companies (Registration Offices and Fees) Fourth Amendment Rules, 2019 which shall come into force on the date of their publication in the Official Gazette.
A new web service DIR-3 KYC – WEB has been introduced by the MCA for Directors who have already filed e-form DIR-3 KYC. If Directors have already filed DIR-3 KYC in the previous year and there are no details which are to be updated then they can file their KYC through the web service. However, if any details of the Director are to be updated then e-form DIR-3 KYC is to be filed. Last date for this KYC is 30.09.2019.
Filing of DIR-3 KYC / web service DIR-3 KYC -WEB upto 30th September of every financial year
Filing of DIR-3 KYC / web service DIR-3 KYC -WEB post 30th September of every financial year
Filing of DIR-3 KYC / web service DIR-3 KYC -WEB for the immediate previous FY (in case of delay)
Every day we come across news relating to some ghastly road accident in which either people have lost their lives or some have survived but maimed for life. What is the remedy for these people? What options do the victims themselves or the families have to get an award of compensation? As of now the only option available for such victims is to approach the civil court and file a suit under the Motor Vehicles Act, 1988. With vehicular traffic increasing day by day, the number of accidents is also increasing. However, out of these only some of the victims or their families approach the courts for award of compensation. One of the reasons why the families avoid going to court is the amount of time taken for a case to be decided and cost of litigation… Read more
Income Tax updates :
IT Returns – Due date extended
The due date for filing of Income tax returns by individuals has been extended from 30.07.2019 to 31.08.2019.
SEBI updates :
Reporting of Violations – Code of Conduct
Listed Companies, Intermediaries and Fiduciaries are required to formulate Code of Conduct and take action against designated persons for violation of the same. In order to standardize the process, SEBI now requires the Listed Companies, Intermediaries and Fiduciaries to report such violations in the standardized format to SEBI and maintain a database of the violation of code of conduct.
GST updates :
Summary of Several GST changes
A separate note has been prepared detailing the several changes made to the GST regulations, issued by the CBIC (Central Board of Indirect Taxes and Customs). For more details kindly go through the same.
Note: The contents of this Newsletter are only a summary and has not dealt with any issue in detail. Any action taken or proposed to be taken must be in consultation with professionals and not merely based on the articles / news updates. S. C. Sharada & Associates disclaims all liability on action taken without professional advice.