I must say that, Ashish, You are one of the “biggest Chamcha” of Council.
I have sent this mail to almost 5000 CS Members and Council also. Only 1, and that’s you (apart from all council members), who thinks that my article is wrong. Come at my home and check my mail box, I have received more than 300 replies and they all says that this is true.
Are you trying to say that It is not ICSI’s duty to enforce the Section 383A of The Companies Act, 1956. Look at the functions of Council, You will come to know, whose duty it was. I and others (except YOU) appoint Council Members, not for time pass, But I and others (except YOU) assign them the powers to protect our rights.
And In the Satyam Matter, as per your level of Intelligence, I can expect that kind of answer.
Do you have ever tried to look at the viewpoint of Tech Mahindra in G. Jayaraman’s case? I am sure, You have not. Why should Tech Mahindra needs to remove G. Jayaraman as the Golbal Head of Corporate Governance. He is the one of the few person, who helped Tech Mahindra to achieve hidden profit of more than Rs. 5000 crores [as It bought the shares of that company, whose 52 week’s highest price was Rs. 518 at Rs. 59 only (12% of the Highest price].
Who is that Idiot in the world, who kills the Hen, who just has given Thousands of Golden eggs. Moreover, Satyam didn’t lose its major clients. Moreover, It’s about to get back around Rs. 300 crore Income tax paid by Raju.
Please don’t start the new topic of Income Tax’ demand notice of around Rs. 2200 crore. Because It will have the same result as the Income Tax’s demand notice of around Rs. 550 crore in March.
FYI: Satyam Shares Prices:-
March 14, 2008 - Rs. 518
Januray 5, 2009 - Rs. 180
January 7, 2009 - Rs. 20
You are talking that, you have consulted one of the Learned member of the Institute. But I tell you, One of the Council member has told me that, Enquiry was set on other grounds at that time, and G. jayaraman’s duty was to hold the Audit committee meetings and circulate the agenda only.
At that time my question is If My full-time servant of mine, knows everything about my family, My driver knows about my every clients and my daily schedule, then Is G. Jayaraman was dumb and deaf, that He didn’t come to know about the facts of Scam earlier.
If you are one of those, who thinks that G. Jayaraman, should not have that much knowledge of Bank and Cash balances, then You are the one of the most idiot company secretary hired by your company.
FYI: I am not related to ICICI Bank in any manner, still knows that lower level officials of ICICI Bank are actually the employees of the Modern Business Solutions, still they are answerable to ICICI Bank, work for ICICI Bank on 24*7 basis.
Don’t waste my time on these non-sense things. I know your type of people, who never appreciates the good work of others. I see people like you daily in TV serials.
If you don’t like my mails, then Send me your email-id, I will remove your name from my list.