RESOURCE UTILIZATION - Thought Provoking

Buddha, one day, was on deep thought about the worldly activities and the ways of instilling goodness in human. The following is the text of conversation between him and his disciple.

One of his disciples approached him and said humbly " Oh my teacher ! While you are so much concerned about the world and others, why don't you look in to the welfare and needs of your own disciples also."

Buddha: "OK.. Tell me how I can help you"

Disciple: "Master! My attire is worn out and is beyond the decency to wear the same. Can I get a new one, please?"

Buddha found the robe indeed was in a bad condition which needed replacement. He asked the store keeper to give the disciple a new robe to wear on. The disciple thanked Buddha and retired to his room.

Though he met his disciple's requirement, Buddha was not all that contended on his decision.

He realized he missed out some point. A while after, he realized what he should have asked the disciple. He went to his disciple's place and asked him "Is your new attire comfortable? Do you need anything more?"

Disciple: "Thank you my Master. The attire is indeed very comfortable. I need nothing more"

Buddha: "Having got the new one, what did you do with your old attire?"

Disciple: "I am using it as my bed spread"

Buddha: "Then, hope you have disposed off your old bed spread"

Disciple: " No.. no, master. I am using my old bedspread as my window curtain"

Buddha: “What about your old Curtain?"

Disciple "Being used to handle hot utensils in the kitchen"

Buddha: "Oh.. I see.. Can you tell me what did they do with the old cloth they used in Kitchen"

Disciple: "They are being used to wash the floor."

Buddha: “Then, the old rug being used to wash the floor...?”

Disciple: “Master, since they were torn off so much, we could not find any better use, but to use as a twig in the oil lamp, which is right now lit in your study room...."

BUDDHA SMILED IN CONTENTMENT AND LEFT FOR HIS ROOM.,
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If not to this degree of utilization, can we at least attempt to find the best use of all our resources - at home and at office .. ??

It becomes imperative in the critical times of Recession....


Treat the earth well.....it was not given to you by your parents; it was loaned to you by your children. We did not inherit the earth from our ANCESTORS; we borrowed it from our children.

Would be great if every CEO thinks like this....

Global Depository Receipts (GDR) / American Depository Receipts (ADR)

Companies in India which have the eligibility to issue shares to person resident outside India, under the Foreign Direct Investment scheme, are generally allowed to raise equity capital in the international market by issuing.....

..... click here to read more .....

Taxing Times:

Being a taxing time, I’m sure you would have already got the first call from your accounts department detailing your tax liability and telling you how much you should invest in order to save taxes.

Like everyone, you will also be questioning as to why we should taxes be paid at such higher rates. Well, though this question can be answered, you will not accept whatever way it is convincing. Hence, it’s advisable to focus on how to save tax wherever possible.

“The best place to start is where you are with what you have.”

Regarding the tax benefits, there are many queries being raised in the minds of people. Notably, not all employers clarify the same for many reasons like inadequate time, lack of knowledge etc.

Click here to read more..........

Roles and Responsibilities of key members:

Here is a brief note on roles and responsibilities of some of the key persons in an organisation. The insights have been picked from various sources, but the content proves to be reflecting the fact and hence we thought sharing the same would benefit the readers.

Index:

Chief Executive Officer (CEO)
Chief Financial Officer (CFO)
Chief Technology Officer (CTO)
Chief Information Officer (CIO)
Chief Operating Officer (COO)
Chief marketing officer (CMO)
Chairman

Click here to read more..........

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."

Govt to raise threshold limit for appointing Company Secretary to Rs 5 Cr

Considering the shortage of company secretaries, the government is planning to relax rules for corporates on employing a full time company secretary but their apex body ICSI is opposing the move.

At present, companies with a paid-up capital of Rs 2 crore are required to hire a full time company secretary. The government is planning to amend the Companies Act and raise the threshold limit on equity capital from Rs 2 crore to Rs 5 crore for employing a full time secretary.

Once the proposal is approved, companies with less than Rs 5 crore paid-up capital need not employ a full time company secretary and instead they can hire one on temporary basis, the officials in the know of the matter said.

The proposal is aimed at addressing the problem of shortage of company secretary in the country.

There are 31,705 companies with a paid-up capital of Rs two crore plus, whereas there are only around 15,000 qualified company secretary, making it difficult for many companies to appoint a whole-time company secretary, the officials said.

The government is planning to amend the Companies Act, 1956, which lays down the criterion for employing a whole-time company secretary, in this regard.

According to Section 383 (A) of the Companies Act, 1956, "every company having paid up capital of Rs 2 crore shall have whole-time secretaries and where the Board of directors of any such company comprises only two directors, either of them shall be the secretary of the company".

However, there is a huge gap between the availability of company secretary and their demand by companies. As per the officials, there are 19,582 qualified members of the Institute of Company Secretaries of India (ICSI), of which not even 50 per cent are in employment.

The officials said, "the companies above Rs 5 crore threshold are only 15,000 so it would be prudent to fill the demand-supply mismatch like this".

The move is going to benefit around 16,000 companies as they are not required to employ a whole-time company secretary, which would save cost for them.

However, ICSI President opines differently. "We don't want the limit to be enhanced right now. Large companies are properly governed, it is the small and medium size companies which need good governance," ICSI President Keyoor Bakshi said.

"We will write to the government requesting them not to raise the limit right now. With the economic slowdown, it may not be a right time for such a decision," Bakshi said.

He said as far as the shortage of company secretaries is concerned, the institute has seen an increase in the number of applications this year, with enrolment increasing by 50 per cent this year. Over a period of two years, the gap will be filled, Bakshi said.

This year, 35,000 students enrolled for the course of company secretaries as a result of various awareness campaign organised by the institute. Also, the ICSI is planning to increase its office count from 70 to around 150, which will promote the course, Bakshi said.

Courtesy: 'The Hindu'

Duties and Liabilities of Directors:

Here's my content published on www.cogzidel.in.....

Normally, people think that directors of companies are simply drawing fat salaries and enjoy their life on vacations / partying and so on. But, is it true in the real life scenario? The answer is .....click here to read through.....

Company Vs Partnership:

My recent article on www.cogzidel.in.....

Many proposed start-ups find it difficult to decide whether to incorporate a company or a partnership concern. Understanding the differences between the two would solve this problem .....click here to read more.....

Private Company Vs Public Company

My recent blog on www.cogzidel.in is presented herebelow....

There has been a general confusion among corporate managers about whether to have the status of their company as private or public. Well, it basically depends on the requirement it needs to be. Notably, many companies prefer it to be private considering ..........click here to read more.........

Difference between Success and Failure !!

In a temple, the Idol of the Lord and the Stepping Stone were conversing.

Stepping Stone: "What a good fate you have. We both were the same lump of rock for millions of years. The sculptor carved an idol out of you and every one is worshipping you. And look at me, I am a stepping stone and every one stands on me and stamps on. What kind of life is this?"

The Idol replied: "But do you remember that when the sculptor set out to carve an idol, it was you he chose first. You were so impatient. In one strike, you broke in to two. But when he tried on me, I grinned and bore all the hammers and chisel strikes with PATIENCE. And that's the reason for me being an Idol and you being the stepping stone."

The differences between success and failure are patience and persistence.

Nice thought !!

Once a boy went to a shop with his mother. The shop keeper looked at the small cute child and showed him a bottle-full of sweets and said 'Dear Child, you can take the sweets...'

But the child didn't take. The shop keeper was surprised. Such a small child he is and why is he not taking the sweets from the bottle. Again he said 'take the sweets....'

Now the mother also heard that and said.. 'take the sweets dear', but still he didnt take. The shopkeeper seeing the child not taking the sweets... he himself took the sweets and gave to the child. The child was happy to get two hands full of sweets.

While returning home the mother asked the child... 'Why didnt you take the sweets, when the shop keeper told you to take?'

Can you guess the response ?:

Child replies... "Mom! my hands are very small and if i take the sweets i can only take few.. but now you see when uncle gave with his big hands, how many more sweets i got!

Morale: When we take we may get a little, but when God gives us, we get more beyond our expectations and more than what we can hold..!!

HOW TO RECRUIT THE RIGHT PERSON FOR THE JOB?

Put about 100 bricks in some particular order in a closed room with an Open window.

Then send 2 or 3 candidates in the room and close the door.

Leave them alone and come back after 6 hours and then analyze the situation.

- If they are counting the bricks, put them in the accounts department

- If they are recounting them, put them in auditing

- If they have messed up the whole place with the bricks, put them in engineering

- If they are arranging the bricks in some strange order, put them in planning

- If they are throwing the bricks at each other, put them in operations

- If they are sleeping, put them in security

- If they have broken the bricks into pieces, put them in information technology

- If they are sitting idle, put them in human resources

- If they say they have tried different combinations but yet not a brick has been moved, put them in sales

- If they have already left for the day, put them in marketing

- If they are staring out of the window, put them on strategic planning

- And then last but not least, If they are talking to each other and not a single brick has been moved, “Congratulate and put them in top management”

Strange mail from Axis Bank !!

I received the following mail from Axis Bank saying someone has tried to access my Axis personal account and that's why I'm alerted. The mail looks original but the point is that I'm no way connected to Axis Bank.....


"Security Alert!: Transaction Activity in Your Account!

Attention! Your Axis Online Banking Account has been violated!

Someone with IP Address 81.102.72.19 tried to access your personal account!

In accordance with Axis Online Banking User Agreement and to ensure that
your account has not been compromised, access to your account was limited.

Your account access will remain limited until this issue has been resolved."

Provident Fund - Procedures, Problems and Solutions

During my tenure as an HR person all these years, I have been approached by many people to clarify their queries on Provident Fund. Invariably, everyone has something to be clarified in this topic, but all are must-ask queries and significant. Many people are not even aware that they contribute some amount every month through their salary and it can be withdrawn / be transferred after they quit their services.

In order to explain what is Provident Fund, it's applicability, percentage to be deducted, the procedures, the problems faced by people while withdrawing / transferring and how to overcome those problems, I have come up with an article and I'm sure it would be useful for the readers.

Click here to read the article

Launch of Cogzidel Templates

We are glad to announce the launch of Cogzidel Templates (www.cogzideltemplates.com) - a bank for ready-made templates, themes and skins at unbelievable low costs.

Undoubtedly, it can be adopted;

- for famous open source scripts like Oscommerce, Joomla, Wordpress, Drupal etc and
- for social networking like Twitter, Orkut, Myspace etc

We offer our products at lesser prices, in order to convert every viewer as our customer, and at the same time, to make our products affordable for the interested mass.

We thank Major Karthik, the person behind this concept and Senthil Guru & Balasubramanian who help to convert the concept into reality.

Products are qualitative and prices are very reasonable, so what are you waiting for ? It’s time to download,,,,, go on and enjoy !!

Pls check: www.cogzideltemplates.com

Minimum Authorised Share Capital required for Companies in India

There are many important points to be noted before fixing up the authorised share capital of the companies in India. Here is my article that discusses this topic in detail.

click here to read.....it's interesting, don't skip

Rules about investments in trading companies in India

A trading company incorporated in India may issue shares or convertible debentures to the extent of 51% of its capital under the Automatic route to non-residents subject to the condition that remittance of dividend to the shareholders outside India is made only after the company has secured registration as an export / trading / star trading / super trading house from the Director General of Foreign Trade in the Ministry of Commerce.

click here for more.....

Foreign Direct Investments in India

Investment under sector specific guidelines

Investments by a person resident outside India can be made under the Automatic route if the investment falls within the sector specific investment guidelines. FIPB permission is required for investments beyond the sector specific investment guidelines, or where specific approval is required.

click here to know more.....