tag:blogger.com,1999:blog-3202774368551476669.post1661831735413921297..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Paper on the Historical Evolution of Corporate Law in IndiaUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3202774368551476669.post-9135102438360757202015-02-06T10:36:44.476+05:302015-02-06T10:36:44.476+05:30interesting paper. should form the introductory pa...interesting paper. should form the introductory part of any study material in law schools on indian corp law.Badrinath Srinivasanhttps://www.blogger.com/profile/11123853000962107353noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-75868274918707092442015-02-04T16:33:50.568+05:302015-02-04T16:33:50.568+05:30To add: Most of the changes to the concept have be...To add: Most of the changes to the concept have been brought about under the guise of so called reformist or regularisation measures, inferably because of the need felt to subject the then and then extant provisions to ‘rationalization’ - which means, “the cognitive process of making something seem consistent with or based on reason”. <br /><br />How really those could be said to have been of any help in doing business is, for obvious reasons, a difficult terrain even angels may fear to tread. <br />vswaminoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-53322735701665092552015-02-04T16:19:52.350+05:302015-02-04T16:19:52.350+05:30OFFHAND
The concept of ‘corporate’, in its origin...OFFHAND<br /><br />The concept of ‘corporate’, in its origin, as a ‘form’ and given legal shape as an entity, as distinct from the rest, had the primary laudable objective of ‘ease of business’. However, that has, from time to time, undergone, rather made to suffer, several changes, over the years, many of them so drastic or violent as to reduce it to a mere hollow shell, now beyond recognition. Insistence and greater reliance on or leaning towards ‘substance’, instead of the ‘form’ being the natural complexion of corporate, can only be said to have overall accelerated the process of deterioration. The last significant change happens to have been thrust upon with the enactment of a new company law.<br />As we have been marching from modern times to the ultramodern, one is perforce driven to reflect on one thing- that is, - not a day passes without having to remind self that the slogan, nay deeply ingrained belief, human is the most rational of all living beings/organisms on this planet, came to be given by man unto himself, and in ebullient moments of his life.<br />In one of those rare moments of life, while in an apologetic mood, need to realise, - it is the failure to believe or have faith in the words full of wisdom, that-<br />- there is more to business than success, more to success than monies- AND <br />Spirit alone is the everlasting reality; and the infinite mystery of the material world can never be explained merely in material terms.<br />That undoubtedly accounts for, and fully explains, the surrounding gloom, thick and fast. <br />It is sad that, the new company law happens to be considered in knowledgeable circles a half-baked legislation (if not a still-born); hence no mind to venture to and visualize what it has in store for the next generation.<br />For academic interest, but if interested to spare more altruistic thoughts,and independent analysis, for whatever that matters, suggest a mindful look into, among others,useful write- ups, in public domain, e.g HERE- <br />"Ten things you wanted to know about the new Companies Bill" (BS)<br />vswaminoreply@blogger.com