Information Filled Under 'Practicing Law in India' Category
25 Jul Harry Alford, black conservative hero? No, the biggest fraud in America Category: A Conversation About Race, Affirmative… Saturday, July 25th, 2009
- I get a lot of flak for saying from time to time that conservatives are useless, and that conservatism is dead. But anyone who thinks I’m wrong should consider the strange case of Harry Alford.Remember Harry Alford? He’s the head of the National Black Chamber of Commerce who got into it with Barbara Boxer a few days ago when he was testifying in the Senate about the cap and trade bill.
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25 Jul Harry Alford, black conservative hero? No, the biggest fraud in America Category: A Conversation About Race, Affirmative…
- I get a lot of flak for saying from time to time that conservatives are useless, and that conservatism is dead. But anyone who thinks I’m wrong should consider the strange case of Harry Alford.Remember Harry Alford? He’s the head of the National Black Chamber of Commerce who got into it with Barbara Boxer a few days ago when he was testifying in the Senate about the cap and trade bill.
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25 Jul Harry Alford, black conservative hero Category: A Conversation About Race, Affirmative Action, Blacks, Conservatism Is…
Each time there is a corporate governance scandal (whether in India or elsewhere), the response has been to use a set of instruments (implemented through regulation or best practices) to avoid a repetition of such occurrences. It appears that these instruments have not always been successful as they come with certain innate limitations, but they are often applied in situations that are different from the context in which these instruments were designed in the first place
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The Efficacy of Conventional Corporate Governance Instruments
Consistent with the expansion of the venture capital industry in India , the regulatory regime has been formulated with a view to foster such growth. While the domestic venture capital industry is governed by the SEBI (Venture Capital Funds) Regulations, 1996, the foreign venture capital industry (investing into Indian companies) is governed by the SEBI (Foreign Venture Capital Investors) Regulations, 2000.
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Venture Capital – Foreign and Domestic: Some Comparisons
In his blog post, ” Why a career in computer programming sucks ,” Rohan Kanade makes a number of assertions about project management and the practice of law. These are set in the context of an opinion piece that advises young Americans to avoid pursuing computer programming as a career. I’m not going to discuss his main argument about computer programming as a career
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Practicing law may not "suck" as bad as computer programming, but the grass isn’t all green.
Three earlier posts have discussed the decision of the Supreme Court in Dharmendra Textile v. Union of India , and how two benches of the ITAT, in Pune and Bombay, have attempted to narrow down the scope of the decision. This reading down has been done in cases where the fact scenarios did not come strictly within the scope of Dharmendra , and involved a stretching of the principles laid down in the case, which these Tribunals declined to do.
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A Dubious Interpretation of Dharmendra Textile
Events are being held world wide to commemorate the 10 years of brutal persecution against Falun Dafa practitioners in China (picture by longtrekhome from Flickr) In this bulletin … -Events held world wide commemorating 10 years of persecution of Falun Gong; -Man dies after contracting swine flu; and -Fugitive linked to Jakarta blasts. *********************************** But first, here’s our SOH focus on China *********************************** Events are being held around the wor
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Asia Cast for Sunday 19th July
Readers may recollect that SEBI had amended the Takeover Regulations vide a notification dated October 30, 2008 and a 5% creeping acquisition was introduced for holding between 55-75% under certain conditions. This notification was discussed by me in this blog here . Certain concerns were raised as to the interpretation of the notifications.
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"Clarifications" by SEBI to the additional 5% creeping acquisition requirements
- PUNITA RIMAL with Lys Anzia – Women News Network – Fri July 17, 2009 Image: Nepal photojournalist, Mikel Dunham Kathmandu: Kalli Kumari B.K. is 45 years old and is a Dalit woman, an ‘untouchable.’ “On March 20, Kumari was accused of practicing witchcraft by the villagers, and was mercilessly beaten up and forced to eat her own excreta in public,” said the Asian Human Rights Commission in an urgent April 2009 appeal letter to Nepal’s leading legislators. During the incident the loc
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Can Nepal women ‘untouchables’ outlive tired caste systems?
A friend sent me a July 6 article from Law 360 titled: “ Firms Hesitant to Invest in Business Development .” The essence of the article was that business development training/coaching must produce real bottom line results for firms to want to engage an outside consultant. Producing more revenue is the primary reason for a firm to engage in client development training and coaching. The unanswered question is how can client development training and coaching produce more revenue
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How to Produce More Revenue with Client Development Training and Coaching
In order to obliterate the disparity in firm commitment requirements for domestic venture capital funds (VCFs) and foreign venture capital investors (FVCI), SEBI has introduced a new requirement whereby FVCIs are to obtain firm commitment from their investors for contribution of at least US$ 1 million at the time of submission of application seeking registration as FVCIs. Domestic VCFs are required to provide a commitment of Rs
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Foreign Venture Capital: Firm Commitment
This morning I read an interesting piece in my ABA daily newsletter. The title was: “ In-House Counsel Vote ‘No Confidence’ in Firms, Shrug Off Talk of New Legal Model .” The writer referenced an Altman Weil study that found: “About 75 percent of CLOs gave law firms low marks when asked how serious law firms are about changing their legal service model to deliver greater value to clients.” I am not surprised with the survey results. In this economy, clients want more and want to pay less.
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Marketing Secret: Find Out What Your Clients Value and Give it to Them
Although the establishment of the National Company Law Tribunal (NCLT) was envisaged through an amendment to the Companies Act nearly 7 years ago, it is yet to see the light of day. The NCLT is expected to take over the role of the High Court and the Company Law Board pertaining to various matters under the Companies Act, such as sanctioning of schemes of arrangement, ordering winding up of companies, dealing with petitions for oppression and mismanagement and the like. It is also expected to take over the functions of the Board of Industrial and Financial Reconstruction (BIFR) in relation to sick industrial companies.
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NCLT: Still Awaiting a Verdict
An interesting article by Afra Afsharipour (UC Davis School of Law) titled Corporate Governance Convergence: Lessons from the Indian Experience is available on SSRN. Here is the abstract: Over the past two decades, corporate governance reforms have emerged as a central focus of corporate law in countries across the development spectrum. Various legal scholars studying these reform efforts have engaged in a vigorous debate about whether globalization will lead to convergence of corporate governance laws toward one model of governance: namely the Anglo-American, dispersed shareholder model, or whether existing national characteristics will thwart convergence.
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The Convergence Debate and Indian Corporate Governance
As far as corporate governance is concerned, although there are detailed norms on paper in the form of Clause 49 of the listing agreement, what matters is their implementation in practice. There are limits to legislating on corporate governance as a lot depends on the integrity and ethical values of various corporate players such as directors, managers, promoters and other stakeholders. There is a risk that corporate governance is treated as a “check-the-box” requirement rather than something that permeates the soul of the corporate sector
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The Practice of Corporate Governance in India