It is said that children learn from what we do and not what we say. Actions speak louder than words. Our actions impact the growing up years of our children. Recently I was reading what a young man had written about his dad on his 60th birthday. He described what a typical working day looked like from the eyes of a young school boy as he observed his dad start the day very early at 4 am and wind up only by 11 pm after baking, selling, working at the hotel as a patisserie chef, coming back to the family bakery to keep things ready for the next day etc. He recalled how hard his dad worked, how he cared for the family and gave them the required time on weekends. Looks an everyday thing most of us do but imagine why the young man wrote about this. He said he learnt the value systems from his dad without he ever having to preach him. I could connect with a countless such things that my mother did as an everyday chore that has left a deep imprint in my mind. Each one of you will discover yourself if you are able to connect the dots of your childhood with the key influencers.
Evaluating a podcast of a fellow Toastmaster, I heard him reminiscence his growing up years under a disciplinarian yet affectionate guardian uncle and how his emphasis on learning math or cleaning the fan blades or building an own study-table have made him a man that he is today. He said proudly that his resilience comes from his mother, a single parent who toiled the whole day to make ends meet and give him a quality life. He fondly recalled the guardian aunt who would hand out a piece of the big chocolate at the end of the day only after helping her in the kitchen, gardening and carrying the groceries. I am sure he values the single chocolate piece earned back then a lot more than the whole bar that he can afford today.
It is said children may forget what you say but they never forget how you made them feel. I recall with indignation an incident I witnessed last week during my walk in the nearby park. A group of retired oldies who are the self-appointed caretakers of the park (or so they think and you can find this breed in almost all the parks) were as usual gossiping on the bench. Suddenly one of them stopped a young, fair looking, plump boy whose face was almost covered with the mask except for his eyes that gave away that he was not a local. He brazenly asked him “Hey you, are you from China ?” The boy who had just finished his running was shaken. He replied “No uncle I am from Nepal”. The rest of the oldies laughed at him while another commented, displaying his ignorance “Look at his eyes, he may be from Nepal or from Himachal or some north-eastern state”. The original oldie probed further “Do you have a gun ?” I normally do not interfere even if there is some incident happening but I couldn’t tolerate to see the helpless boy, all alone amidst a pack of mindless, hounding elders. I questioned the oldie “Sir, why are you targeting a young boy who was not violating any rules of the park ?” Taken aback, he blabbered “Madam, asking just for fun only. He is looking like a Chinese. What if he attacks us ?” I admonished him that how can he have so-called fun at the expense of a young boy. The boy left the park immediately, confused and scared. I don’t know how long this incident will remain scarred in his young mind. I don’t know what he will make of elders, what of our city. It was body-shaming in a way, country-shaming in a way, parentage-shaming in a way – all for which he was not responsible in any way ! I am damn sure the child will never forget how he was made to feel that day.
Well that was my motley observations on children’s experiences of the adult world. If you scroll down, in this 248th issue of Samhita, you will find the newly enforced FCRA Amendment Rules, 2020 highlighted as an article by Ms. Krithika along with a few other regulatory updates from MCA, SEBI, Ministry of Commerce (Patent for small entity/medium enterprise under MSME Act) & GST. This is a very short post-Diwali issue with the usual tips on improving conversational English under the column “Let’s Excel in English” along with timely reminders to pay your taxes and file your returns on time. For any previous issues of Samhita and thereaders’ feedback, please visit https://sharadasc.com/resource-center/.
We often tend to use the word ‘come’ incorrectly when we translate directly from our mother tongue.
Many issues came at this time – This is incorrect. Instead, we should say “Many issues arise at this time” or “We face a lot of issues at this time”
Rain will come this evening – This is incorrect. Instead, we could say “It may rain this evening”
The Foreign Contribution (Regulation) (Amendment) Rules, 2020 was notified on 10.11.2020. Highlights of the amendments can be broadly classified under following headings:
Organisations – “political nature”
Eligibility for seeking registration
Prior permission for receipt of amount
Requirement for renewal of registration
Details of the amendments are highlighted in the attached article by Ms. Krithika Murali M, Executive, with a read time of 7 minutes. The Article on the FCRA Amendment Act, 2020 carried in Samhita #246 has been amended to incorporate the changes brought about by the Amendment Rules.
Earlier vide Circular dated 30.03.2020, any “defaulting LLP” was permitted to file belated documents, which were due for filing till 31.08.2020. The date has now been extended upto 30.11.2020 vide Circular dated 09.11.2020. Statement of Accounts & Solvency (Form 8) can be signed beyond 30.09.2020 but not later than 30.11.2020.
In order to further strengthen the Investor Grievance Redressal Mechanism following clarifications have been issued by SEBI:
1. Timeline for resolution of complaints
Stock exchanges to ensure complaints are resolved within 15 days of receipt of the complaint
Any additional details required are to be sought within 7 working days of receipt of the complaint
Stock Exchange to maintain a record of all the complaints. If complaint is not resolved within 15 days then the reason for non-redressal should also be recorded.
2. Service related complaints
Service related complaints eg: technological issues, shifting/closure of branch without intimation, improper service by staff, freezing of account, demat account transferred without permission etc., are to be disposed of by the Stock exchange. In case the complainant is not satisfied with the resolution the same can be referred to the Investor Grievance Redressal Committee (“IGRC”).
The Circular also contains procedure to be followed by the IGRC while handling complaints and arbitration.
Vide Notification dated 19.10.2020, DPIIT notified the Patent (Amendment) Rules, 2020, highlights of the changes brought about are:
The Statement regarding working of Patents under Rule to be submitted within 6 months from the expiry of FY commencing immediately after the financial year in which the patent was granted.
Single form can be filed for multiple patents subject to satisfaction of certain criterion.
Vide Notification dated 04.11.2020, DPIIT further amended the Patent Rules by notifying the Patent (2nd Amendment) Rules, 2020 to harmonise the provisions relating to small entity with those of natural persons and start-ups. Highlights of the amendments are as follows:
The fees applicable to small entities for filing patent applications have been reduced and are at par with those of natural persons and start-ups now. Small entity is defined to mean medium enterprises as per the MSMED Act.
No difference in the scale of fees shall be payable in case the small entity ceases to be a small entity after filing a patent application.
Request for expedited examination filed by a small entity shall not be questioned merely on the ground that it ceases to be a small entity due to crossing of the financial threshold limit.
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.
S. C. Sharada & Associates,
Company Secretaries. #405, 7th Cross, IV Block, Koramangala, Bangalore – 560 034.
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