The document discusses regulatory oversight of NBFCs (Non-Banking Financial Companies) in India by the Reserve Bank of India (RBI). It notes that RBI has extensive powers to regulate and supervise NBFCs under the RBI Act of 1934, especially those that accept deposits or are systemically important. It argues that RBI should have taken penal action under Chapter V of the RBI Act against those responsible for the scam at First Leasing Company of India Ltd, since RBI's own inspection had found falsification of accounts and violation of regulations. However, RBI delayed prosecution proceedings, citing appointment of special auditors, but its interim report was not presented to the court.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
1) The letter is in response to a complaint filed with SEBI regarding First Leasing Company of India Ltd (FLCL) shares.
2) CARE had rated some debt instruments of FLCL like non-convertible debentures and fixed deposits but had not assigned any ratings to FLCL's equity shares.
3) Therefore, CARE does not have any comments to offer regarding the complaint about FLCL's equity shares.
The document summarizes a criminal complaint filed against First Leasing Company of India (FLCI) and its executives for financial fraud. An investigation revealed that FLCI had been falsifying its books for years, portraying a positive net worth when it actually had negative net owned funds and annual losses. Recast accounts showed receivables were overstated by Rs. 1672 crores. Top executives from FLCI, credit rating agencies, auditors are accused of colluding in the massive fraud and misuse of bank loans over Rs. 1100 crores. The RBI inspection uncovered the scam but both RBI and FLCI failed to publicly disclose the actual financial position.
1. The petitioner filed a criminal complaint regarding offenses allegedly committed by the directors, auditors and others related to First Leasing Company of India Limited.
2. An FIR was registered for offenses of cheating, criminal breach of trust, forgery, fraud and under the Companies Act based on the petitioner's allegations about the company's financial affairs and representations to investors.
3. The petition seeks a fair and impartial investigation into the FIR, alleging the accused persons misrepresented the company's financial position and performance to attract investors and raise funds.
This document discusses a writ petition filed in the High Court of Rajasthan regarding proceedings initiated by the Reserve Bank of India against a non-banking financial company for falsification of accounts. It notes that the company is registered in Tamil Nadu and the inspection and subsequent actions by RBI took place within the jurisdiction of Tamil Nadu, not Rajasthan where the writ petition was filed. It argues that as per the RBI Act, any offenses are deemed to have been committed where the company's registered office is located, which in this case is Tamil Nadu, not Rajasthan. Therefore, the Rajasthan High Court may not have territorial jurisdiction in this matter.
The document discusses regulatory oversight of NBFCs (Non-Banking Financial Companies) in India by the Reserve Bank of India (RBI). It notes that RBI has extensive powers to regulate and supervise NBFCs under the RBI Act of 1934, especially those that accept deposits or are systemically important. It argues that RBI should have taken penal action under Chapter V of the RBI Act against those responsible for the scam at First Leasing Company of India Ltd, since RBI's own inspection had found falsification of accounts and violation of regulations. However, RBI delayed prosecution proceedings, citing appointment of special auditors, but its interim report was not presented to the court.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
1) The letter is in response to a complaint filed with SEBI regarding First Leasing Company of India Ltd (FLCL) shares.
2) CARE had rated some debt instruments of FLCL like non-convertible debentures and fixed deposits but had not assigned any ratings to FLCL's equity shares.
3) Therefore, CARE does not have any comments to offer regarding the complaint about FLCL's equity shares.
The document summarizes a criminal complaint filed against First Leasing Company of India (FLCI) and its executives for financial fraud. An investigation revealed that FLCI had been falsifying its books for years, portraying a positive net worth when it actually had negative net owned funds and annual losses. Recast accounts showed receivables were overstated by Rs. 1672 crores. Top executives from FLCI, credit rating agencies, auditors are accused of colluding in the massive fraud and misuse of bank loans over Rs. 1100 crores. The RBI inspection uncovered the scam but both RBI and FLCI failed to publicly disclose the actual financial position.
1. The petitioner filed a criminal complaint regarding offenses allegedly committed by the directors, auditors and others related to First Leasing Company of India Limited.
2. An FIR was registered for offenses of cheating, criminal breach of trust, forgery, fraud and under the Companies Act based on the petitioner's allegations about the company's financial affairs and representations to investors.
3. The petition seeks a fair and impartial investigation into the FIR, alleging the accused persons misrepresented the company's financial position and performance to attract investors and raise funds.
This document discusses a writ petition filed in the High Court of Rajasthan regarding proceedings initiated by the Reserve Bank of India against a non-banking financial company for falsification of accounts. It notes that the company is registered in Tamil Nadu and the inspection and subsequent actions by RBI took place within the jurisdiction of Tamil Nadu, not Rajasthan where the writ petition was filed. It argues that as per the RBI Act, any offenses are deemed to have been committed where the company's registered office is located, which in this case is Tamil Nadu, not Rajasthan. Therefore, the Rajasthan High Court may not have territorial jurisdiction in this matter.
This document is an additional affidavit filed in support of a writ petition in the High Court of Rajasthan. It provides background details on the petitioner, states that the affidavit supplements information already provided in the writ petition, and reserves the right to file a rebuttal to the response submitted by the Reserve Bank of India. It alleges that financial irregularities at First Leasing Company of India Ltd went unnoticed for years due to negligence or involvement of RBI officers, and that the company was able to project strong financials that misled shareholders, including the petitioner, into investing in the company based in Jodhpur, Rajasthan. It maintains that a financial scam of Rs. 1600 crore could not have occurred without involvement
This document is a submission on behalf of the respondent State of Rajasthan in a criminal misc. petition filed by Tribhuwan Raj Bhandari in the High Court of Rajasthan at Jodhpur. It contains the respondent's arguments opposing the petitioner's request for a fair and impartial investigation in an FIR filed with the Mahamandir Police Station in Jodhpur district. The submission asserts that the investigation has already been conducted properly and requests the court to dismiss the petition.
Shri. Surendra Gangavarapu of SEBI requested a response from Brickwork Ratings India Pvt. Ltd. regarding a complaint filed by Shri. Tribhuwan Raj Bhandari. Brickwork Ratings responded that they had not graded the IPO of First Leasing Company of India Ltd. or been involved in any valuation of its equity shares. An IPO grading does not constitute a recommendation to buy, sell, or hold shares and does not predict price or market movements. The IPO grading process examines factors for investors to consider but does not guarantee investment outcomes or detect fraud. Brickwork Ratings had no role in Bhandari's investment decision.
The document is a letter from The Institute of Chartered Accountants of India requesting that the accounting firm Dandekar & Co disclose the name of the member(s) responsible for responding to a complaint filed by Shri Trideep Raj Bhandari. The firm and responsible member(s) must submit a written statement in defense within 21 days, or it will be assumed they have nothing to add. Failure to comply with the requirements could result in disciplinary action against the firm and member(s).
- A complaint was made by Shri Trideep Raj Bhandari of Jodhpur against M/s. Sathyam & Balu firm under the Chartered Accountants Act of 1949.
- The firm is requested to disclose the name of the member(s) responsible for answering the complaint and send relevant documents to those members.
- The responsible member(s) must submit a written statement in their defense within 21 days, otherwise it will be assumed they have nothing to say and the complaint will proceed without further input.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
This document provides financial information for the year ending March 31, 2013. It includes details of income, expenses, assets, liabilities, contingencies and notes. Some key details include:
- Total income was Rs. 21,765.09 lacs from financing activities including interest income of Rs. 3,964.35 lacs.
- Stock on hire had a net carrying amount of Rs. 1,58,835.18 lacs.
- Total current liabilities were Rs. 3,207 lacs, including short-term borrowings of Rs. 1,700 lacs.
- Total non-current liabilities were Rs. 14,722 lacs, including long-term debent
This presentation by OECD, OECD Secretariat, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsRosie Wells
Insight: In a landscape where traditional narrative structures are giving way to fragmented and non-linear forms of storytelling, there lies immense potential for creativity and exploration.
'Collapsing Narratives: Exploring Non-Linearity' is a micro report from Rosie Wells.
Rosie Wells is an Arts & Cultural Strategist uniquely positioned at the intersection of grassroots and mainstream storytelling.
Their work is focused on developing meaningful and lasting connections that can drive social change.
Please download this presentation to enjoy the hyperlinks!
This presentation by Nathaniel Lane, Associate Professor in Economics at Oxford University, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
This presentation by Juraj Čorba, Chair of OECD Working Party on Artificial Intelligence Governance (AIGO), was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by Thibault Schrepel, Associate Professor of Law at Vrije Universiteit Amsterdam University, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by OECD, OECD Secretariat, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
This document is an additional affidavit filed in support of a writ petition in the High Court of Rajasthan. It provides background details on the petitioner, states that the affidavit supplements information already provided in the writ petition, and reserves the right to file a rebuttal to the response submitted by the Reserve Bank of India. It alleges that financial irregularities at First Leasing Company of India Ltd went unnoticed for years due to negligence or involvement of RBI officers, and that the company was able to project strong financials that misled shareholders, including the petitioner, into investing in the company based in Jodhpur, Rajasthan. It maintains that a financial scam of Rs. 1600 crore could not have occurred without involvement
This document is a submission on behalf of the respondent State of Rajasthan in a criminal misc. petition filed by Tribhuwan Raj Bhandari in the High Court of Rajasthan at Jodhpur. It contains the respondent's arguments opposing the petitioner's request for a fair and impartial investigation in an FIR filed with the Mahamandir Police Station in Jodhpur district. The submission asserts that the investigation has already been conducted properly and requests the court to dismiss the petition.
Shri. Surendra Gangavarapu of SEBI requested a response from Brickwork Ratings India Pvt. Ltd. regarding a complaint filed by Shri. Tribhuwan Raj Bhandari. Brickwork Ratings responded that they had not graded the IPO of First Leasing Company of India Ltd. or been involved in any valuation of its equity shares. An IPO grading does not constitute a recommendation to buy, sell, or hold shares and does not predict price or market movements. The IPO grading process examines factors for investors to consider but does not guarantee investment outcomes or detect fraud. Brickwork Ratings had no role in Bhandari's investment decision.
The document is a letter from The Institute of Chartered Accountants of India requesting that the accounting firm Dandekar & Co disclose the name of the member(s) responsible for responding to a complaint filed by Shri Trideep Raj Bhandari. The firm and responsible member(s) must submit a written statement in defense within 21 days, or it will be assumed they have nothing to add. Failure to comply with the requirements could result in disciplinary action against the firm and member(s).
- A complaint was made by Shri Trideep Raj Bhandari of Jodhpur against M/s. Sathyam & Balu firm under the Chartered Accountants Act of 1949.
- The firm is requested to disclose the name of the member(s) responsible for answering the complaint and send relevant documents to those members.
- The responsible member(s) must submit a written statement in their defense within 21 days, otherwise it will be assumed they have nothing to say and the complaint will proceed without further input.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
This document provides financial information for the year ending March 31, 2013. It includes details of income, expenses, assets, liabilities, contingencies and notes. Some key details include:
- Total income was Rs. 21,765.09 lacs from financing activities including interest income of Rs. 3,964.35 lacs.
- Stock on hire had a net carrying amount of Rs. 1,58,835.18 lacs.
- Total current liabilities were Rs. 3,207 lacs, including short-term borrowings of Rs. 1,700 lacs.
- Total non-current liabilities were Rs. 14,722 lacs, including long-term debent
This presentation by OECD, OECD Secretariat, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsRosie Wells
Insight: In a landscape where traditional narrative structures are giving way to fragmented and non-linear forms of storytelling, there lies immense potential for creativity and exploration.
'Collapsing Narratives: Exploring Non-Linearity' is a micro report from Rosie Wells.
Rosie Wells is an Arts & Cultural Strategist uniquely positioned at the intersection of grassroots and mainstream storytelling.
Their work is focused on developing meaningful and lasting connections that can drive social change.
Please download this presentation to enjoy the hyperlinks!
This presentation by Nathaniel Lane, Associate Professor in Economics at Oxford University, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
This presentation by Juraj Čorba, Chair of OECD Working Party on Artificial Intelligence Governance (AIGO), was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by Thibault Schrepel, Associate Professor of Law at Vrije Universiteit Amsterdam University, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by OECD, OECD Secretariat, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
This presentation by Professor Alex Robson, Deputy Chair of Australia’s Productivity Commission, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
This presentation by OECD, OECD Secretariat, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
Mastering the Concepts Tested in the Databricks Certified Data Engineer Assoc...SkillCertProExams
• For a full set of 760+ questions. Go to
https://skillcertpro.com/product/databricks-certified-data-engineer-associate-exam-questions/
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XP 2024 presentation: A New Look to Leadershipsamililja
Presentation slides from XP2024 conference, Bolzano IT. The slides describe a new view to leadership and combines it with anthro-complexity (aka cynefin).
Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...Suzanne Lagerweij
This is a workshop about communication and collaboration. We will experience how we can analyze the reasons for resistance to change (exercise 1) and practice how to improve our conversation style and be more in control and effective in the way we communicate (exercise 2).
This session will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
Abstract:
Let’s talk about powerful conversations! We all know how to lead a constructive conversation, right? Then why is it so difficult to have those conversations with people at work, especially those in powerful positions that show resistance to change?
Learning to control and direct conversations takes understanding and practice.
We can combine our innate empathy with our analytical skills to gain a deeper understanding of complex situations at work. Join this session to learn how to prepare for difficult conversations and how to improve our agile conversations in order to be more influential without power. We will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
In the session you will experience how preparing and reflecting on your conversation can help you be more influential at work. You will learn how to communicate more effectively with the people needed to achieve positive change. You will leave with a self-revised version of a difficult conversation and a practical model to use when you get back to work.
Come learn more on how to become a real influencer!