SEBI Guideline_Practical Problems_1

The Balance Sheet of Get Well Soon Ltd. as at 31.3.2009 disclosed the following details:
(i) Authorized share capital Rs. 400 crores
(ii) Paid up share capital Rs. 150 crores
(iii) Reserves and surplus Rs. 750 crores
The company has issued in the year 2004, Fully Convertible Debentures of Rs. 100 crores which are due for conversion in the year 2009. The company proposes, after conversion of Debentures to issue Bonus shares in the ratio of 1 1. Explain briefly the requirements of the Companies Act, 1956 and the Securities and Exchange Board of India (SEBI) guidelines to be followed by the company in this regard.

Competition Act_Practical Problems_5

The Central Government on the recommendation of selection committee appoints Mr. RKP aged 56 years as Member of the Competition omission of India to be effective from 1st January, 2009. State with reference to the provisions of Competition Act, 2002 the term for which he will be appointed and whether he can be reappointed as such and also if he resigns two years whether the vacancy can be filled up by the Chairman of the commission.

FEMA_Practical Problems_12

State the kind of approval required for the following transactions under the Foreign Exchange Management Act, 1999.:
(i) L a famous playback singer of India wants to perform a musical night in Paris for Indians residing there. Foreign exchange to the extent of US D 20,000 is required for this purpose.
(ii) M requires US D 5,000 to make payment related to ‘call back services’ of telephone.
(iii). N wants to pursue a course in business management in New York. He wants to draw US D 50,000 towards expenses for studying abroad.
(iv) R wants to draw US D 20,000 to make donation to a charitable trust situated in South Korea.

Quick management lesson

Ek din ek kutta jungle main raasta kho gaya . Tabhi usane dekha ek sher uskii taraf aa raha hai. Kutte ki saans rookh gayi. "Aaj to kaam tamaammera!" usne socha.

Phir usne saamane kuchh sookhi haddiyan padi dekhi.

Woh aate hue sher ki taraf peeth kar ke baith gaya aur ek sookhi hadii ko choosane laga aur zor zor se bolne laga, "wah! Sher ko khaane ka maza hi kuchh aur hai. Ek aur mil jaaye to poori daawat ho jayegi!" Aur usne zorse dakaar mara.

Is bar sher jhatkaa laga. Usne socha "ye kutta to sher ka shikar karta hai! Jaan bacha kara bhago!" Aur sher wahan se champat ho gaya .

Ped par baitha ek Bandar yeh sab tamasha dekh raha tha. Usne socha yeh mauka achha hai sher ko sari kahani bata deta hoon - sher se dosti ho jayegi aur usase zindagi bhar ke liye jaan ka khatra dur ho jayega. Woh phataphat sher ke pichhe bhaga. Kutte ne Bandar ko jaate hue dekh liya aur samajh gaya ki koi locha hai. Udhar Bandar ne sher ko sab bata diya ki kaise kutte ne use bewakoof banaya hai. Sher zor se dahada, "chal mere sath abhi uski leela kahatam karta hu" aur Bandar ko apani peeth parbaitha kar sher kutte ki taraf lapka..

Can u imagine the quick management by the DOG......... .......... ...

Kutte ne sher ko aate dekha to ek bar phir uskii taraf peeth karke baithgaya aur zor zor se bolne laga, "Is Bandar ko bhej ke 1 ghanta ho gaya, saala ek sher phaans kar nahi la sakta!"

Peace

There once was a king who offered a prize to the artist who would paint the best picture of peace. Many artists tried. The king looked at all the pictures. But there were only two he really liked, and he had to choose between them.

One picture was of a calm lake. The lake was a perfect mirror for peaceful towering mountains all aroundit. Overhead was a blue sky with fluffy white clouds. All who saw this picture thought that it was a perfect picture of peace.

The other picture had mountains, too. But these were rugged and bare. Above was an angry sky, from which rain fell and in which lightning played. Down the side of the mountain tumbled a foaming waterfall. This did not look peaceful at all.

But when the king looked closely, he saw behind the waterfall a tiny bush growing in a crack in the rock. In the bush a mother bird had built her nest. There, in the midst of the rush of angry water, satthe mother bird on her nest - in perfect peace.

Which picture do you think won the prize?

The king chose the secondpicture.

Do you know why?

"Because," explained the king, "peace does not mean to be in a placewhere there is no noise, trouble, or hard work. Peace means to be in the midst of all those things and still be calm in your heart. That is the real meaning of peace."

Life is tough, but it's a lot tougher when you are Stupid

First-year students at Texas A & M's Vet school were attending their first Anatomy class, with a dead pig.

They all gathered around the surgery table with the body covered with a White sheet. The professor started the class by telling them, 'In Veterinary Medicine it is necessary to have two important qualities as a Doctor: The first is that you not be disgusted by anything involving the Animal body'. For an example, the Professor pulled back the sheet, touched his finger in the mouth of the dead pig, withdrew it and put his Finger in his mouth. 'Go ahead and do the same thing,' he told his students.

The students freaked out, hesitated for several minutes. But eventually took turns putting their finger in the mouth of the dead pig and tasted in their mouth.

When everyone finished, the Professor looked at them and said, 'The Second most important quality is observation. I touched with my middle Finger and tasted on my index finger. Now learn to pay attention...

Moral of the story:
Life is tough, but it's a lot tougher when you are Stupid....

SCRA_2

The Mewar Rural Financial Corporation, Udaipur, established under a special statute issued 5 years bonds to public directly and not through any Stock Exchange. Decide whether the said act of the Mewar Rural Financial Corporation is in violation of the provisions of the Securities Contracts (Regulation) Act, 1956.