Companies Act_Practical Problems_93

J held 100 partly paid up shares of LKM Limited. The company asked him to pay the final call money on the shares. Due to some unavoidable circumstances he was unable to pay the amount of call money to the company. At a general meeting of the shareholders, the chairman disallowed him to caste his vote on the ground that the articles do not permit a shareholder to vote if he has not paid the calls on the shares held by the him. J contested the decision of the chairman. Referring to the provisions of the Companies Act, 1956 decide whether the contention of J is valid.

Lunch with God

A little boy wanted to meet God. He knew it was a long trip to where God lived, so he packed his suitcase with a bag of potato chips and a six-pack of root beer and started his journey. When he had gone about three blocks, he met an old woman. She was sitting in the park, just staring at some pigeons. The boy sat down next to her and opened his suitcase. He was about to take a drink from his root beer when he noticed that the old lady looked hungry, so he offered her some chips. She gratefully accepted it and smiled at him.

Her smile was so pretty that the boy wanted to see it again, so he offered her a root beer. Again, she smiled at him. The boy was delighted! They sat there all afternoon eating and smiling, but they never said a word.

As twilight approached, the boy realized how tired he was and he got up to leave; but before he had gone more than a few steps, he turned around, ran back to the old woman, and gave her a hug. She gave him her biggest smile ever.

When the boy opened the door to his own house a short time later, his mother was surprised by the look of joy on his face. She asked him, "What did you do today that made you so happy?" He replied, "I had lunch with God." But before his mother could respond, he added, "You know what? She's got the most beautiful smile I've ever seen!"

Meanwhile, the old woman, also radiant with joy, returned to her home. Her son was stunned by the look of peace on her face and he asked, "Mother, what did you do today that made you so happy?" She replied! "I ate potato chips in the park with God." However, before her son responded, she added, "You know, he's much younger than I expected."

Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around.

People come into our lives for a reason, a season, or a life time!

Embrace all equally!

Never Give up

One day I decided to quit...

I quit my job, my relationship, my spirituality... I wanted to quit my life.

I went to the woods to have one last talk with God.

"God", I said. "Can you give me one good reason not to quit?"

His answer surprised me...

"Look around", He said. "Do you see the fern and the bamboo?"

"Yes", I replied.

When I planted the fern and the bamboo seeds, I took very good care of them.

I gave them light. I gave them water.

The fern quickly grew from the earth.

Its brilliant green covered the floor.

Yet nothing came from the bamboo seed.

But I did not quit on the bamboo.

In the second year the Fern grew more vibrant and plentiful.

And again, nothing came from the bamboo seed.

But I did not quit on the bamboo. He said.

"In the third year, there was still nothing from the bamboo seed. But I would not quit. In the fourth year, again, there was nothing from the bamboo seed. "I would not quit." He said. "Then in the fifth year a tiny sprout emerged from the earth.

Compared to the fern it was seemingly small and insignificant... But just 6 months later the bamboo rose to over 100 feet tall.

It had spent the five years growing roots.

Those roots made it strong and gave it what it needed to survive. I would not give any of my creations a challenge it could not handle."

He said to me. "Did you know, my child, that all this time you have been struggling, you have actually been growing roots."

"I would not quit on the bamboo. I will never quit on you. "Don't compare yourself to others..." He said. "The bamboo had a different purpose than the fern ... Yet, they both make the forest beautiful."

Your time will come, "God said to me." You will rise high! "How high should I rise?" I asked.

How high will the bamboo rise?" He asked in return.

"As high as it can? " I questioned.

" Yes. " He said, "Give me glory by rising as high as you can. "

A happy and meaningful life requires our continuous input and creativity. It does not happen by chance. It happens because of our choices and actions. And each day we are given new opportunities to choose and act and, in doing so, we create our own unique journey." Keep going...

A small story

Once a Junior School teacher asked her students to bring some potatoes in a plastic bag to school. Each potato will be given a name of the person whom that child hates. Like this, the number of potatoes will be equal to the number of persons they hate. On a decided day the children brought their potatoes well addressed. Some had two, some had three and some had even five potatoes. The teacher said they have to carry these potatoes with them everywhere they go for a week. As the days passed the children started to complain about the spoiled smell that started coming from these potatoes. Also some students who had many potatoes complained that it was very heavy to carry them all around. The children got rid of this assignment after a week, when it got over.

The teacher asked, "How did you feel in this one week?" The children discussed their problems about the smell and weight. Then the teacher said, "This situation is very similar to what you carry in your heart when you don't like some people. This hatred makes your heart unhealthy and you carry that hatred in your heart everywhere you go. If you can not bear the smell of spoiled potatoes for a week, imagine the impact of this hatred that you carry through out your life, on your heart?"

MORALE:

OUR HEART IS A BEAUTIFUL GARDEN THAT NEEDS A REGULAR CLEANING OF UNWANTED WEEDS.

“Kind Hearts Are Garden;
Kind Thoughts Are The Roots;
Kind Words Are The Blossoms;
Kind Deeds Are the Fruits”

FORGIVE THOSE WHO HAVE NOT BEHAVED WITH YOU AS EXPECTED AND FORGET THE BAD THINGS. THIS ALSO MAKES ROOM AVAILABLE FOR STORING GOOD THINGS.

NI_Act_Practical Problems_62

J, a shareholder of a co. purchased for his personal use goods from a mall on credit.He sent a cheque drawn on the co's A/c to the mall towards the full payment of bills.The cheque was dishounoured by the comapany's bank. J, the shareholder of comapny was neither a director nor a person incharge of the co. Examining the prov. of negotiable Act, state whether J has commited an offence under U/s 138 of the act and decide whether J can be held liable for the payment, for the goods purchased from the mall ?

Contract Act_Practical Problems_114

X,Y and Z are partners of software business jointly promise to pay Rs.30, 000 to A. Over a period of time Y became insolvent, but his assets are sufficient to pay one-forth of his debts. Z is compelled to pay the whole. Decide whether Z is required to pay whole amount himself to A in discharging joint promise?

Gautam Buddha & Brahmin....

Gautum Buddha was sitting under a banyan tree. One day, a furious Brahmin came to him and started abusing him. The Brahmin thought that Gautum Buddha would reciprocate in the same manner, but to his utter surprise, there was not the slightest change in the expression on his face.

Now, the Brahmin became more furious. He hurled more and more abuses at Buddha. However, Gautum Buddha was completely unmoved. Actually there was a look of compassion on his face. Ultimately the Brahmin was tired of abusing him. He asked, "I have been abusing you like anything, but why are you not angry at all ?"

Gautum Buddha calmly replied, "My dear brother, I have not accepted a single abuse from you."

"But you heard all of them, didn't you?" The Brahmin argued half-heartedly.

Buddha said, "I do not need the abuses, so why should I even hear them?"

Now the Brahmin was even more puzzled. He could not understand the calm reply from Gautum Buddha.

Looking at his disturbed face, Buddha further explained, "All those abuses remain with you."

"It cannot be possible. I have hurled all of them at you," the Brahmin persisted.

 

Buddha calmly repeated his reply, "But I have not accepted even a single abuse from you ! Dear brother, suppose you give some coins to somebody, and if he does not accept them, with whom will those coins remain?"

The Brahmin replied, "If I have given the coins and not needed by someone, then naturally they would remain with me."

With a meaningful smile on his face, Buddha said, "Now you are right. The same has happened with your abuses. You came here and hurled abuses at me, but I have not accepted a single abuse from you. Hence, all those abuses remain with you only. So there is no reason to be angry with you."

The Brahmin remained speechless. He was ashamed of his behavior and begged for Buddha's forgiveness.

Lesson to Learn from This Story:

Inner calmness and peace are keys to contented life. My Advice is Live life as per your goals and ambition in life. You know who you are and what you want in life, So dont respond to what person said about you in anger. Control your anger with patience and calmness. That is biggest Strength of Wise men.