In April this year, I had written on how various points in a 2012 Supreme Court judgement against the Sahara Group on the basis of an earlier SEBI order were clearly erroneous and went against even Constitutional Acts. (Read the article here http://www.thesundayindian.com/en/story/the-unputdownable/25/47189/). I had titled the article ‘The Unputdownable!’ as an appreciative sobriquet for Subrata Roy Sahara, the Sahara Group Managing Worker, who, despite various attempts by external entities to pull him down – the English media in India included – has come back with exemplary credentials.

First the background to this case and on the face-off that Subrata Roy Sahara has had with SEBI, and in this I liberally refer to my previous article. The Sahara group, which has issued OFCDs (Optionally Fully Convertible Debentures) since the year 2001 with all relevant government permissions, and which has regularly submitted all details as required by the concerned government authorities, suddenly got a prohibitory order from SEBI in November 2010 against the OFCDs issued by two unlisted group companies (Sahara Housing Investment Corporation Ltd. and Sahara India Real Estate Corporation Ltd.) – and this despite the fact that just seven months before that, SEBI had, through its own communication to Ministry of Corporate Affairs, commented that as these were unlisted companies and had not filed a draft red herring prospectus with SEBI, any complaint with respect to these two companies should be handled by the Ministry of Corporate Affairs.

Of importance is the fact that the Ministry of Corporate Affairs, in its written submission to the Allahabad High Court in 2010, mentioned, “The issuance of OFCD [by] the petitioner company after the registration with the Registrar of Companies has been permissible under law. The Central Government remains the regulating authority for the company.” Similar were the notings of the Additional Solicitor General, Mohan Parasaran (who is now Solicitor General), and of the Minister of Corporate Affairs, Veerappa Moily.
Read More....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

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The Supreme Court’s recent landmark judgment, which ensures that convicted politicians will now get immediately disqualified from contesting in elections or holding office, marks an end to almost a two decade long tug-of-war between political parties and the Election Commission over the right of electoral candidacy to tainted candidates. While it is surely a landmark judgment and it’s not fair to be critical about everything, yet, the board is split into equal halves in their opinion towards the SC ruling, as pros and cons of the judgment seem to weigh equally.

On the one hand, just because a case is hanging against a candidate, it is grossly unfair for the person to be assumed disqualified (due to the hyped up fear of future conviction) – as the allegation could well be fabricated. As it often happens in the political domain, a candidate could be debarred based on false allegation brought about by vested interests to stonewall him from standing in an election. It’s quite easy and simple: just file a case against him, tom tom the fact that the candidate could end up getting convicted, and he is done for good.

Morally, it’s our Constitutional right to remain innocent until proved guilty. And if that doctrine is applicable to all Indian citizens, it is only fair that the same applies to the politicians as well. It is not that the SC judgment goes against this. But the scrutiny that politicians will face now, especially the honest ones who have trumped up cases against them, could well be unfair. The attempts over the years to enforce stringent rules against political candidates has been to stem the growing criminalization of Indian politics and to debilitate the nefarious nexus of politicians with goons and unlawful activities. But I have to admit, in this attempt to secure a fine balance between being just and unjust, it is debatable how far the strings should be pulled in curbing criminal activities in politics and how much latitude should be given to electoral candidates. The fact also is that a mind-numbing high percentage of Indian politicians have got criminal cases pending against them, most of which are genuine, but they are not convicted due to their muscle power.  Read More....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
------------------------------------------------------------------------

It is inhuman! It is outrageous! And it is disgusting! The manner is which Pinki Pramanik, a national athlete who brought laurels for the nation at various international sporting events, is being sullied by all and sundry. Thanks to media, today she has become a household name, more infamous due to the controversy on her gender, than due to the gold medals she won at the Asian and Commonwealth Games. Pinki’s sporting achievements include a team relay gold medal at the 2006 Asian Games, another gold at the 2005 Asian Indoor Games, silver medal in the 2006 Commonwealth Games, beside many other medals at national and international levels.

It is no secret that Pinki was recently charged of raping a woman – who was also her live-in partner – as it has been alleged that Pinki has both male and female reproductive organs. However, that is yet to be proved, as she is being forced into medical tests one after the other with inconclusive results. The moot point here is not with respect to her gender, but the shocking manner in which the Indian media has been treating an internationally acclaimed athlete. The media has left no stone unturned to publicly strip her dignity, by repeatedly focusing on her gender determination issue and by indiscriminately telecasting her semi-nude to nude videos. The authorities too have been sniping at her. The glaring example being a male policeman physically accosting her, as he might have accosted a male criminal, even before Pinki’s gender has been determined. And this was done in full public glare and with media’s presence.

Meanwhile, the media seems to be hyper active by not only going into the very personal life of Pinki, but also by airing obscene clips, completely destroying her private life. Worse, she was shown totally naked and a video of her undergoing medical tests at a nursing home in West Bengal was also aired all over! This MMS had been circulated through the internet and is widely available. And unfortunately, there’s no one to stop this national auction of the dignity of someone who has brought national pride through her talent!  Read More....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face