tag:blogger.com,1999:blog-3202774368551476669.post2208059508050542351..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: The ULIPs controversy and a Delhi High Court decisionUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3202774368551476669.post-33366732671607309602010-04-29T11:17:27.811+05:302010-04-29T11:17:27.811+05:30@vswaminathan
see link: http://www.taxguru.in/seb...@vswaminathan<br /><br />see link: http://www.taxguru.in/sebi/sebi-vs-irda-is-litigation-the-only-way-to-save-policyholders-interest.html#comment-41479vswaminathannoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-54194814869206207712010-04-29T08:42:29.538+05:302010-04-29T08:42:29.538+05:30The need of the hour, one should say, is really no...The need of the hour, one should say, is really not any more debate on the technical, legal and/or other related aspects. For, the economic, legal and other experts, in the recent days, have discussed these, in as much details as required for the nonce.<br /> <br />On the contrary, the issue which one needs to address self to is, – whether the regulatory authorities have acted prudently, in deciding to move the court on the subject controversy ; should not the government have played an active role, instead of choosing to remain a ‘mute spectator’? <br /><br />Having regard to its nature, there could conceivably be no denying that, the referred move has every potential to eventually result in an inconclusive finding.<br /> <br />On the other hand, if looked at objectively,, that is - from the viewpoint of the stakeholders, there is no gainsaying that, - had the apex court’s incisive observations and recommendations in the landmark ONGC case* not been lost sight of, hopefully, a different course of action would have come to be followed. <br /> <br />(* Refer the write up @ APRIL 25TH, 2010 AT 8:43 AM )<br /><br />vswaminathanvswaminathannoreply@blogger.com