Monday, December 29, 2008

Procedures for foreign investments in India on certain sectors

Here's my write up about this subject published in www.cogzidel.in

Investments in Small Scale Industrial (SSI) units

SSI is an undertaking in which the investment in fixed assets in plant and machinery whether held on ownership terms on lease or on hire purchase does not exceed Rs 10 million.

A company which is a SSI unit and which is not engaged in any activity under the prohibited category may issue equity / preference shares or fully convertible debentures to a foreign investor, to the extent of .....click here to read through.....
    Even God has a Sense of Humour

    God was in the process of creating the Universe. And he was explaining to his subordinates "Look everything should be in balance. For example, after every 10 deer there should be a lion"

    Look here my fellow angels, here is the country of the United States.
    I have blessed them with prosperity and money.
    But at the same time I have given them insecurity and tension....

    And here is Africa . I have given them beautiful nature.
    But at the same time, I have given them climatic extremes.

    And here is South America . I have given them lots of forests.
    But at the same time, I have given them lesser land so that they would
    have to cut off the forests...

    So you see fellows, everything should be in balance.

    One of the angels asked...

    "God, what is this extremely beautiful country here?"

    God said....... "Ahah...that is the crown piece of all. " INDIA ", My most precious creation. It has understanding and friendly People. Sparkling streams and serene mountains.

    A culture which speaks of the great tradition that they live. Technologically brilliant and with a heart of gold.....

    The angel was quite surprised:

    "But god you said everything should be in balance."

    God replied --

    "Look at the neighbours I gave them."