Wednesday, May 13, 2015

"DISCLAIMER" < A specimen, deficient in 'form' - Also with no 'substance' >; new et al


The freshly minted Companies Act, 2013 (the “2013 Act”), which is yet to take effect in full, is already in the process of undergoing change. Late last year, the NDA Government introduced amendments to the legislation in the form of the Companies (Amendment) Bill, 2014 (the “Bill”). A copy of the Bill as introduced in Parliament is available here, although the Government has moved further amendments as set out here. The Bill had already been approved by the Lok Sabha on December 17, 2014 and was approved by the Rajya Sabha yesterday.

The changes were occasioned on account of at least three stated reasons: (i) for the ease of doing business; (ii) to meet corporate demand and address problems faced by stakeholders; and (iii) removal of inadvertent errors or discrepancies. The nature of the changes proposed in the Bill has already been discussed extensively hereand here.

Quite a sensible and insightful write-up, reflecting the commonly prevailing and freely aired viewpoints of many.
Personal Note:
As often complained of, என் வழி தனி வழி; hence started giving it a reading from the bottom upwards. Lo! Got stuck with the 'conventional' but ‘senseless’, nay ‘super confusing', DISCLAIMER; see copied below:
Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of NDTV and NDTV does not assume any responsibility or liability for the same.

(Emphasis supplied)

As independently viewed, it betrays essentially, to the core, two things: 1) The utmost imbecility (of the 'dis-claim'ant); and 2) the obvious lack of courage of 'self ' conviction in any such matter, albeit  gravely entailing ‘public interest’ - tending to infallibly demonstrate the so dubbed but commonly come-across escapist tendency of the media.

NO wonder that the entire humanity is replete with -(to borrow a wise man’s very words)- 'boneless wonders'; having potentials to mislead and promote  abject ignorance among the simple-minded common readers , and resulting in turmoil of sorts.

Anyone around endowed with the valued faculty of ‘common sense’, and with an intelligent REACTION to share ?!

The government has used the extended session of parliament to pass a new bill in the Lok Sabha as part of its efforts to persuade the nation that it is serious about tackling the problem of "black money".

< CROSS REFER old Blogs - on the same reprehensible hollowness of any such 'Disclaimer' ; often resorted to even by so-believed august professional (regulatory) bodies in own in-house journals.

To Quip: If at all, it is the analogy of 'medhu vada' (மெது வடா)  a wrong choice, being inapt in reference to a 'half baked' legislation; for, one thought, the customary hole in vada is to make its inside fried, -not to leave it un-fried or half -fried (baked)- Agree ?!   

Tit bit

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