Dear Rajesh May I clarrify when I meant "washing dirty linen in public" was repremanding in public.
Any change in structure or composition, its call will have to be taken by Kiran, the list owner. Harish Kotian ----- Original Message ----- From: "Asudani, Rajesh" <rajeshasud...@rbi.org.in> To: <accessindia@accessindia.org.in> Sent: Friday, August 14, 2009 11:37 AM Subject: Re: [AI] Bill allows merger of Indian companies with foreign firms > 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. 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