Dear and respected moderator I am perturbed at your saying that I am washing dirty linen in public.
I only wrote what I feel as differential treatment in the matter of OT postings and suspension/expulsion of a few members viz-a-viz other members. I clarified that it is a general feeling, and I too subscribe to it. In the earlier matter of Mr. P.C. Thahir being expelled, I had publicly espoused the view supporting him along with a few other members. It is not at all private matter between me and Mr. Harish Kotian, the moderator. I had put forth a few suggestions about moderatorial responsibilities being handled by a panel, to dispel doubts and democratize the process further. In this, I don't think I disturbed the decorum. However, if it is felt that I did something to that effect, I apologize to the group and the moderator. Further, it seems that my suggestions and views have not met with anybody's response even after 24 hours, and have failed to generate a general discussion. So, maybe, it is true that I am the only one opining as detailed in my previous mail, and subscribing to panel view. If so, I stand by my views and suggestions as an individual only. And the further discussion about this topic is subject to moderator's discretion. Regards Rajesh Asudani Assistant General Manager (PPS), Reserve Bank of India Nagpur 09420397185 O: 0712 2806676 Res: 0712 2591349 Doth God exact day-labour, light denied?" John Milton -----Original Message----- From: accessindia-boun...@accessindia.org.in [mailto:accessindia-boun...@accessindia.org.in] On Behalf Of Harish Kotian Sent: Thursday, August 13, 2009 11:17 PM To: accessindia@accessindia.org.in Subject: Re: [AI] Bill allows merger of Indian companies with foreign firms Hello Rajesh Usually, a repremand mail is sent privately. It was done at this instance as well. When I saw repeated OT postings he has now been debared immediately thereafter from making any postings. Don't worry things are under control, however, dirty linen is not washed publically, I suppose that maintains the docorrum. Warmly Harish Kotian ----- Original Message ----- From: "Asudani, Rajesh" <rajeshasud...@rbi.org.in> To: <accessindia@accessindia.org.in> Sent: Thursday, August 13, 2009 10:13 AM Subject: Re: [AI] Bill allows merger of Indian companies with foreign firms > Dear Moderator and fellow accessIndians, > > I am not a person to write on these topics easily. > However, the present mail by the member who posted it, does violate the > fundamental guidelines and the purpose of the group. > It is not the case that member is new, or he posts such off-topic mails once > in a blue moon, which I think can be tolerated. > The practice with him is a regular one and he even appends justifications > sometimes. > The established practice in AI is to forward such mail to moderator for his > approval. > In the present mail, he has even foregone the need to append > self-justification. > > I can not usurp the claim to represent other members on the group, however, > it is widely felt that some members like the present mail poster, get away > only with reprimands sometimes, however, others are just warned once, that > too not necessarily, and are summarily expelled from the group even without > any public announcement irrespective of controversy about their stand or > their willingness to desist from the mistake etc. > This, I feel is unwarranted. > I can understand that one person may not find time always to moderate such a > large group. > So, as a way of relieving moderator of undue burden, and also to further > democratize the process, we may have panel of, say, five moderators, > distributing among themselves, the moderatorial responsibilities, and > decisions on serious matters like suspension/expulsion being taken > unanimously or by majority. > This I am suggesting, because the group has exceeded in size and I believe > has more than five hundred members. > > Rest I leave to wise discretion of moderator and group members. > > Regards > > > > Rajesh Asudani > > Assistant General Manager (PPS), > Reserve Bank of India > Nagpur > 09420397185 > O: 0712 2806676 > Res: 0712 2591349 > Doth God exact day-labour, light denied?" > John Milton > > > -----Original Message----- > From: accessindia-boun...@accessindia.org.in > [mailto:accessindia-boun...@accessindia.org.in] On Behalf Of mukesh jain > Sent: Wednesday, August 12, 2009 10:56 PM > To: accessindia > Subject: [AI] Bill allows merger of Indian companies with foreign firms > > The Companies Act Amendment Bill, which was tabled in Parliament in > the Budget session that adjourned last week, has proposed to allow > Indian companies > to merge with overseas companies, a move that could introduce greater > flexibility in cross-border merger and acquisitions (M&As). > > At present Sections 391-394 of the Companies Act, 1956, allow only > foreign companies to merge with Indian ones. The Bill has introduced > Section 205 that > also allows the reverse and stipulates that payment to shareholders of > listed Indian companies being merged can be in the form of cash, > shares or Indian > Depository Receipts (IDRs) issued by the overseas companies. > > The amendment was first suggested in 2005 by an expert committee on > company law chaired by Tata Sons Director J J Irani. > > If this amendment goes through, it will meet a key demand of many > multinational companies investing in India. > > Legal experts said the merger of an Indian company with a foreign one > can help structure M&A deals in many ways. For example, if an overseas > company has > acquired another foreign company that has a subsidiary in India, the > new provision will allow the acquirer to merge the Indian operations > with itself, > instead of retaining it as a separate entity. > > Similarly, if the Indian subsidiary is incurring losses, the overseas > company may prefer to merge the Indian subsidiary with itself to gain > maximum tax > benefits by offsetting losses of the subsidiary against its profits. > > The provision may also make it easier for promoters of Indian > companies to raise funds abroad by setting up listed entities abroad > and merging their Indian > operations with them. > > The proposed amendment in the Companies Act says, "The provisions > shall apply... to schemes of mergers and amalgamations between > companies registered under > this Act and companies incorporated in the jurisdictions of such > countries as may be notified from time to time by the central > government". Not all countries > allow the merger of local companies with foreign entities. > > The Irani Committee had also recommended that the amendment follow > international best practices and be made with suitable changes to the > tax and foreign > exchange legislations and IDR provisions. > > (12-Aug-09) > > Business Standard > thanks, > mukesh jain. > > > -- > email: > mukesh.jai...@gmail.com > mob: 919977165123 > to read articles, circulars, books, titorials, and lot more related to > PWD's visit my site: > http://www.mukesh.myehome.in > to know about my efforts of sketching the life of mumbai visit: > http://www.themumbaicity.webs.com > > > > To unsubscribe send a message to accessindia-requ...@accessindia.org.in with > the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > Notice: This email and any files transmitted with it are confidential and > intended solely for the use of the individual or entity to whom they are > addressed. If you are not the intended recipient, any dissemination, use, > review, distribution, printing or copying of the information contained in > this e-mail message and/or attachments to it are strictly prohibited. If you > have received this email by error, please notify us by return e-mail or > telephone and immediately and permanently delete the message and any > attachments. The recipient should check this email and any attachments for > the presence of viruses. The Bank accepts no liability for any damage caused > by any virus transmitted by this email. > > > > To unsubscribe send a message to accessindia-requ...@accessindia.org.in with > the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Notice: This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you are not the intended recipient, any dissemination, use, review, distribution, printing or copying of the information contained in this e-mail message and/or attachments to it are strictly prohibited. If you have received this email by error, please notify us by return e-mail or telephone and immediately and permanently delete the message and any attachments. The recipient should check this email and any attachments for the presence of viruses. The Bank accepts no liability for any damage caused by any virus transmitted by this email. To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. 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