RD Hyderabad order

Order of Regional Director (RD), Hyderabad in the matter arising out of appeal from a ROC, Andhra Pradesh order against the company ATR Cars Private Limited and its two directors for not appointing a whole time company secretary as required under section 203 of the companies act, 2013.

The ROC, had levied a penalty of Rs.5.00 lakhs each on the company and two directors, totaling Rs.15 lakhs.

Upon appeal, the authorised representative pleaded that the company is making accumulated losses and not making any profit and therefore not in a position to appoint a whole time company secretary as required under the Act. Even then the company had appointed a whole time company secretary on 01/09/2022.

The RD considered the appeal and reduced the penalty to Rs.83,850 for the company and Rs.43,850 each for the two directors, totaling Rs.171,550/-.

That is a huge reduction in the penalty from Rs.15 lakhs to Rs.1.71 lakhs to the extent of almost 89% from the original amount levied. The penalty levied by the RD makes sense in the circumstances cited by the company for not appointing a whole time company secretary. Otherwise a penalty of Rs.15 lakhs was too much to bear – it might have been higher than the annual cost of employing a whole time company secretary.

For copies of the RD orders, you can go to


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union budget – indirect taxes

  • Number of basic customs duty rates on goods, other than textiles and agriculture, reduced to 13 from 21.
  • Minor changes in the basic custom duties, cesses and surcharges on some items including toys, bicycles, automobiles and naphtha.
  • Excise duty exempted on GST-paid compressed bio gas contained in blended compressed natural gas.
  • Customs Duty on specified capital goods/machinery for manufacture of lithium-ion cell for use in battery of electrically operated vehicle (EVs) extended to 31.03.2024
  • Customs duty exempted on vehicles, specified automobile parts/components, sub-systems and tyres when imported by notified testing agencies, for the purpose of testing and/ or certification, subject to conditions.
  • Customs duty on camera lens and its inputs/parts for use in manufacture of camera module of cellular mobile phone reduced to zero and concessional duty on lithium-ion cells for batteries extended for another year.
  • Basic customs duty reduced on parts of open cells of TV panels to 2.5 per cent.
  • Basic customs duty on electric kitchen chimney increased to 15 per cent from 7.5 per cent.
  • Basic customs duty on heat coil for manufacture of electric kitchen chimneys reduced to 15 per cent from 20 per cent.
  • Denatured ethyl alcohol used in chemical industry exempted from basic customs duty.
  • Basic customs duty reduced on acid grade fluorspar (containing by weight more than 97 per cent of calcium fluoride) to 2.5 per cent from 5 per cent.
  • Basic customs duty on crude glycerin for use in manufacture of epicholorhydrin reduced to 2.5 per cent from 7.5 per cent.
  • Duty reduced on key inputs for domestic manufacture of shrimp feed.
  • Basic customs duty reduced on seeds used in the manufacture of lab grown diamonds.
  • Duties on articles made from dore and bars of gold and platinum increased.
  • Import duty on silver dore, bars and articles increased.
  • Basic Customs Duty exemption on raw materials for manufacture of CRGO Steel, ferrous scrap and nickel cathode continued.
  • Concessional BCD of 2.5 per cent on copper scrap is continued.
  • Basic customs duty rate on compounded rubber increased to 25 per cent from 10 per cent or 30 per kg whichever is lower.
  • National Calamity Contingent Duty (NCCD) on specified cigarettes revised upwards by about 16 per cent.

Legislative Changes in Customs Laws

  • Customs Act, 1962 to be amended to specify a time limit of nine months from date of filing application for passing final order by Settlement Commission.
  • Customs Tariff Act to be amended to clarify the intent and scope of provisions relating to Anti-Dumping Duty (ADD), Countervailing Duty (CVD), and Safeguard Measures.
  • CGST Act to be amended
  • to raise the minimum threshold of tax amount for launching prosecution under GST from one crore to two crore;
  • to reduce the compounding amount from the present range of 50 to 150 per cent of tax amount to the range of 25 to 100 per cent;
  • decriminalise certain offences;
  • to restrict filing of returns/statements to a maximum period of three years from the due date of filing of the relevant return/statement; and
  • to enable unregistered suppliers and composition taxpayers to make intra-state supply of goods through E-Commerce Operators (ECOs).

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union budget – direct taxes

  • Direct Tax proposals aim to maintain continuity and stability of taxation, further simplify and rationalise various provisions to reduce the compliance burden, promote the entrepreneurial spirit and provide tax relief to citizens.
  • Constant endeavour of the Income Tax Department to improve Tax Payers Services by making compliance easy and smooth.
  • To further improve tax payer services, proposal to roll out a next-generation Common IT Return Form for tax payer convenience, along with plans to strengthen the grievance redressal mechanism.
  • Rebate limit of Personal Income Tax to be increased to Rs. 7 lakh from the current Rs. 5 lakh in the new tax regime. Thus, persons in the new tax regime, with income up to Rs. 7 lakh to not pay any tax.
  • Tax structure in new personal income tax regime, introduced in 2020 with six income slabs, to change by reducing the number of slabs to five and increasing the tax exemption limit to Rs. 3 lakh. Change to provide major relief to all tax payers in the new regime.

New tax rates

Total Income (Rs)Rate (per cent)
Up to 3,00,000Nil
From 3,00,001 to 6,00,0005
From 6,00,001 to 9,00,00010
From 9,00,001 to 12,00,00015
From 12,00,001 to 15,00,00020
Above 15,00,00030
  • Proposal to extend the benefit of standard deduction of Rs. 50,000 to salaried individual, and deduction from family pension up to Rs. 15,000, in the new tax regime.
  • Highest surcharge rate to reduce from 37 per cent to 25 per cent in the new tax regime. This to further result in reduction of the maximum personal income tax rate to 39 per cent.
  • The limit for tax exemption on leave encashment on retirement of non-government salaried employees to increase to Rs. 25 lakh.
  • The new income tax regime to be made the default tax regime. However, citizens will continue to have the option to avail the benefit of the old tax regime.
  • Enhanced limits for micro enterprises and certain professionals for availing the benefit of presumptive taxation proposed. Increased limit to apply only in case the amount or aggregate of the amounts received during the year, in cash, does not exceed five per cent of the total gross receipts/turnover.
  • Deduction for expenditure incurred on payments made to MSMEs to be allowed only when payment is actually made in order to support MSMEs in timely receipt of payments.
  • New co-operatives that commence manufacturing activities till 31.3.2024 to get the benefit of a lower tax rate of 15 per cent, as presently available to new manufacturing companies.
  • Opportunity provided to sugar co-operatives to claim payments made to sugarcane farmers for the period prior to assessment year 2016-17 as expenditure. This expected to provide them a relief of almost Rs. 10,000 crore.
  • Provision of a higher limit of Rs. 2 lakh per member for cash deposits to and loans in cash by Primary Agricultural Co-operative Societies (PACS) and Primary Co-operative Agriculture and Rural Development Banks (PCARDBs).
  • higher limit of Rs. 3 crore for TDS on cash withdrawal to be provided to co-operative societies.
  • Date of incorporation for income tax benefits to start-ups to be extended from 31.03.23 to 31.3.24.
  • Proposal to provide the benefit of carry forward of losses on change of shareholding of start-ups from seven years of incorporation to ten years.
  • Deduction from capital gains on investment in residential house under sections 54 and 54F to be capped at Rs. 10 crore for better targeting of tax concessions and exemptions.
  • Proposal to limit income tax exemption from proceeds of insurance policies with very high value. Where aggregate of premium for life insurance policies (other than ULIP) issued on or after 1st April, 2023 is above Rs. 5 lakh, income from only those policies with aggregate premium up to Rs. 5 lakh shall be exempt.
  • Income of authorities, boards and commissions set up by statutes of the Union or State for the purpose of housing, development of cities, towns and villages, and regulating, or regulating and developing an activity or matter, proposed to be exempted from income tax.
  • Minimum threshold of Rs. 10,000/- for TDS to be removed and taxability relating to online gaming to be clarified. Proposal to provide for TDS and taxability on net winnings at the time of withdrawal or at the end of the financial year.
  • Conversion of gold into electronic gold receipt and vice versa not to be treated as capital gain.
  • TDS rate to be reduced from 30 per cent to 20 per cent on taxable portion of EPF withdrawal in non-PAN cases.
  • Income from Market Linked Debentures to be taxed.
  • Deployment of about 100 Joint Commissioners for disposal of small appeals in order to reduce the pendency of appeals at Commissioner level.
  • Increased selectivity in taking up appeal cases for scrutiny of returns already received this year.
  • Period of tax benefits to funds relocating to IFSC, GIFT City extended till 31.03.2025.
  • Certain acts of omission of liquidators under section 276A of the Income Tax Act to be decriminalized with effect from 1st April, 2023.
  • Carry forward of losses on strategic disinvestment including that of IDBI Bank to be allowed. 
  • Agniveer Fund to be provided EEE status. The payment received from the Agniveer Corpus Fund by the Agniveers enrolled in Agnipath Scheme, 2022 proposed to be exempt from taxes. Deduction in the computation of total income is proposed to be allowed to the Agniveer on the contribution made by him or the Central Government to his Seva Nidhi account.

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highlights of union budget

  • Per capita income has more than doubled to ₹1.97 lakh in around nine years.
  • Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years.
  • EPFO membership has more than doubled to 27 crore.
  • 7,400 crore digital payments of ₹126 lakh crore has taken place through UPI in 2022.
  • 11.7 crore household toilets constructed under Swachh Bharat Mission.
  • 9.6 crore LPG connections provided under Ujjwala.
  • 220 crore covid vaccination of 102 crore persons.
  • 47.8 crore PM Jan Dhan bank accounts.
  • Insurance cover for 44.6 crore persons under PM Suraksha Bima and PM Jeevan Jyoti Yojana.
  • Cash transfer of ₹2.2 lakh crore to over 11.4 crore farmers under PM Kisan Samman Nidhi.
  • Seven priorities of the budget ‘Saptarishi’ are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.
  • Atmanirbhar Clean Plant Program with an outlay of ₹2200 crore to be launched to boost availability of disease-free, quality planting material for high value horticultural crops.
  • 157 new nursing colleges to be established in co-location with the existing 157 medical colleges established since 2014.

· Centre to recruit 38,800 teachers and support staff for the 740 Eklavya Model Residential Schools, serving 3.5 lakh tribal students over the next three years.

· Outlay for PM Awas Yojana is being enhanced by 66% to over Rs. 79,000 crore.

· Capital outlay of Rs. 2.40 lakh crore has been provided for the Railways, which is the highest ever outlay and about nine times the outlay made in 2013-14.

· Urban Infrastructure Development Fund (UIDF) will be established through use of priority Sector Lending shortfall, which will be managed by the national Housing Bank, and will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities.

  • Entity DigiLocker to be setup for use by MSMEs, large business and charitable trusts to store and share documents online securely.
  • 100 labs to be setup for 5G services based application development to realize a new range of opportunities, business models, and employment potential. 

· 500 new ‘waste to wealth’ plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme to be established for promoting circular economy at total investment of Rs 10,000 crore. 5 per cent compressed biogas mandate to be introduced for all organizations marketing natural and bio gas.

· Centre to facilitate one crore farmers to adopt natural farming over the next three years. For this, 10,000 Bio-Input Resource Centres to be set-up, creating a national-level distributed micro-fertilizer and pesticide manufacturing network.

· Pradhan Mantri Kaushal Vikas Yojana 4.0, to be launched to skill lakhs of youth within the next three years covering new age courses for Industry 4.0 like coding, AI, robotics, mechatronics, IOT, 3D printing, drones, and soft skills.

· 30 Skill India International Centres to be set up across different States to skill youth for international opportunities.

· Revamped credit guarantee scheme for MSMEs to take effect from 1st April 2023 through infusion of Rs 9,000 crore in the corpus. This scheme would enable additional collateral-free guaranteed credit of Rs 2 lakh crore and also reduce the cost of the credit by about 1 per cent.

· Central Processing Centre to be setup for faster response to companies through centralized handling of various forms filed with field offices under the Companies Act.

· The maximum deposit limit for Senior Citizen Savings Scheme to be enhanced from Rs 15 lakh to Rs 30 lakh.

· Targeted Fiscal Deficit to be below 4.5% by 2025-26.

  • Agriculture Accelerator Fund to be set-up to encourage agri-startups by young entrepreneurs in rural areas.
  • To make India a global hub for ‘Shree Anna’, the Indian Institute of Millet Research, Hyderabad will be supported as the Centre of Excellence for sharing best practices, research and technologies at the international level.
  • ₹20 lakh crore agricultural credit targeted at animal husbandry, dairy and fisheries
  • A new sub-scheme of PM Matsya Sampada Yojana with targeted investment of ₹6,000 crore to be launched to further enable activities of fishermen, fish vendors, and micro & small enterprises, improve value chain efficiencies, and expand the market.
  • Digital public infrastructure for agriculture to be built as an open source, open standard and inter operable public good to enable inclusive farmer centric solutions and support for growth of agri-tech industry and start-ups.
  • Computerisation of 63,000 Primary Agricultural Credit Societies (PACS) with an investment of ₹2,516 crore initiated.
  • Massive decentralised storage capacity to be set up to help farmers store their produce and realize remunerative prices through sale at appropriate times.
  • Sickle Cell Anaemia elimination mission to be launched.
  • Joint public and Private Medical research to be encouraged via select ICMR labs for encouraging collaborative research and innovation.
  • New Programme to promote research in Pharmaceuticals to be launched.

· Rs. 10 lakh crore capital investment, a steep increase of 33% for third year in a row, to enhance growth potential and job creation, crowd-in private investments, and provide a cushion against global headwinds.

· Aspirational Blocks Programme covering 500 blocks launched for saturation of essential government services across multiple domains such as health, nutrition, education, agriculture, water resources, financial inclusion, skill development, and basic infrastructure.

· Rs. 15,000 crore for implementation of Pradhan Mantri PVTG Development Mission over the next three years under the Development Action Plan for the Scheduled Tribes.

· Investment of Rs. 75,000 crore, including Rs. 15,000 crore from private sources, for one hundred critical transport infrastructure projects, for last and first mile connectivity for ports, coal, steel, fertilizer, and food grains sectors.

· New Infrastructure Finance Secretariat established to enhance opportunities for private investment in infrastructure.

· District Institutes of Education and Training to be developed as vibrant institutes of excellence for Teachers’ Training.

· A National Digital Library for Children and Adolescents to be set-up for facilitating availability of quality books across geographies, languages, genres and levels, and device agnostic accessibility.

· Rs. 5,300 crore to be given as central assistance to Upper Bhadra Project to provide sustainable micro irrigation and filling up of surface tanks for drinking water.

· ‘Bharat Shared Repository of Inscriptions’ to be set up in a digital epigraphy museum, with digitization of one lakh ancient inscriptions in the first stage.

· ‘Effective Capital Expenditure’ of Centre to be Rs. 13.7 lakh crore.

· Continuation of 50-year interest free loan to state governments for one more year to spur investment in infrastructure and to incentivize them for complementary policy actions.

· Encouragement to states and cities to undertake urban planning reforms and actions to transform our cities into ‘sustainable cities of tomorrow’.

· Transition from manhole to machine-hole mode by enabling all cities and towns to undertake 100 percent mechanical desludging of septic tanks and sewers.

· iGOT Karmayogi, an integrated online training platform, launched to provide continuous learning opportunities for lakhs of government employees to upgrade their skills and facilitate people-centric approach.

· More than 39,000 compliances reduced and more than 3,400 legal provisions decriminalized to enhance Ease Of Doing Business.

· Jan Vishwas Bill to amend 42 Central Acts have been introduced to further trust-based governance.

· Three centres of excellence for Artificial Intelligence to be set-up in top educational institutions to realise the vision of Make AI in India and Make AI work for India”.

· National Data Governance Policy to be brought out to unleash innovation and research by start-ups and academia.

· One stop solution for reconciliation and updation of identity and address of individuals to be established using DigiLocker service and Aadhaar as foundational identity.

· PAN will be used as the common identifier for all digital systems of specified government agencies to bring in Ease of Doing Business.

· 95 per cent of the forfeited amount relating to bid or performance security, will be returned to MSME’s by government and government undertakings in cases the MSME’s failed to execute contracts during Covid period.

· Result Based Financing to better allocate scarce resources for competing development needs.

· Phase-3 of the E-Courts project to be launched with an outlay of Rs. 7,000 crore for efficient administration of justice.

  • R & D grant for Lab Grown Diamonds (LGD) sector to encourage indigenous production of LGD seeds and machines and to reduce import dependency.
  • Annual production of 5 MMT under Green Hydrogen Mission to be targeted by 2030 to facilitate transition of the economy to low carbon intensity and to reduce dependence on fossil fuel imports.
  • ₹35000 crore outlay for energy security, energy transition and net zero objectives.
  • Battery energy storage systems to be promoted to steer the economy on the sustainable development path.
  • 20,700 crore outlay provided for renewable energy grid integration and evacuation from Ladakh.

· “PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth” (PM-PRANAM) to be launched to incentivize States and Union Territories to promote alternative fertilizers and balanced use of chemical fertilizers.

· ‘Mangrove Initiative for Shoreline Habitats & Tangible Incomes’, MISHTI, to be taken up for mangrove plantation along the coastline and on salt pan lands, through convergence between MGNREGS, CAMPA Fund and other sources.

· Green Credit Programme to be notified under the Environment (Protection) Act to incentivize and mobilize additional resources for environmentally sustainable and responsive actions.

· Amrit Dharohar scheme to be implemented over the next three years to encourage optimal use of wetlands, enhance bio-diversity, carbon stock, eco-tourism opportunities and income generation for local communities.

· A unified Skill India Digital platform to be launched for enabling demand-based formal skilling, linking with employers including MSMEs, and facilitating access to entrepreneurship schemes.

· Direct Benefit Transfer under a pan-India National Apprenticeship Promotion Scheme to be rolled out to provide stipend support to 47 lakh youth in three years.

· At least 50 tourist destinations to be selected through challenge mode; to be developed as a complete package for domestic and foreign tourists.

· Sector specific skilling and entrepreneurship development to be dovetailed to achieve the objectives of the ‘Dekho Apna Desh’ initiative.

· Tourism infrastructure and amenities to be facilitated in border villages through the Vibrant Villages Programme.

· States to be encouraged to set up a Unity Mall for promotion and sale of their own and also all others states’ ODOPs (One District, One Product), GI products and handicrafts.

· National Financial Information Registry to be set up to serve as the central repository of financial and ancillary information for facilitating efficient flow of credit, promoting financial inclusion, and fostering financial stability. A new legislative framework to be designed in consultation with RBI to govern this credit public infrastructure.

· Financial sector regulators to carry out a comprehensive review of existing regulations in consultation with public and regulated entities. Time limits to decide the applications under various regulations would also be laid down.

· To enhance business activities in GIFT IFSC, the following measures to be taken. 

· Delegating powers under the SEZ Act to IFSCA to avoid dual regulation.

· Setting up a single window IT system for registration and approval from IFSCA, SEZ authorities, GSTN, RBI, SEBI and IRDAI.

· Permitting acquisition financing by IFSC Banking Units of foreign bank.

· Establishing a subsidiary of EXIM Bank for trade re-financing.

· Amending IFSCA Act for statutory provisions for arbitration, ancillary services, and avoiding dual regulation under SEZ Act

· Recognizing offshore derivative instruments as valid contracts.

· Amendments proposed to the Banking Regulation Act, the Banking Companies Act and the Reserve of India Act to improve bank governance and enhance investors’ protection.

· Countries looking for digital continuity solutions would be facilitated for setting up of their Data Embassies in GIFT IFSC.

· SEBI to be empowered to develop, regulate, maintain and enforce norms and standards for education in the National Institute of Securities Markets and to recognize award of degrees, diplomas and certificates.

· Integrated IT portal to be established to enable investors to easily reclaim the unclaimed shares and unpaid dividends from the Investor Education and Protection Fund Authority.

· To commemorate Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate to be launched. It will offer deposit facility upto Rs 2 lakh in the name of women or girls for tenure of 2 years (up to March 2025) at fixed interest rate of 7.5 per cent with partial withdrawal option.

· The maximum deposit limit for Monthly Income Account Scheme to be enhanced from Rs 4.5 lakh to Rs 9 lakh for single account and from Rs 9 lakh to Rs 15 lakh for joint account.

· The entire fifty-year interest free loan to states to be spent on capital expenditure within 2023-24. Part of the loan is conditional on States increasing actual Capital expenditure and parts of outlay will be linked to States undertaking specific loans.

· Fiscal Deficit of 3.5% of GSDP allowed for States of which 0.5% is tied to Power sector reforms.

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F&O trading

SEBI press release on the inherent risks in trading in F&O in the market.

Under the supervision of a working group, SEBI has conducted a study analysing the trends in both participation and in profits and losses of individual traders in the equity F&O segment. The working group had representation from academia, clearing
corporations, brokers, and market experts.

To compare results in a contextual manner before and after the pandemic, the study covers the periods of FY 2018-19 and FY 2021-22. The study is based on a sample of all individual clients of all the top-10 stock brokers, accounting for 67% of the overall
individual client turnover in the equity F&O segment during FY 2021-22.

Some of the major findings of the study are as under:

 There has been a significant increase of over 500% in the number of individual traders in the equity F&O segment in FY 2021-22, as compared to FY 2018-19.
 98% of individual traders in the equity F&O segment traded in options during FY 2021-22.
9 out of 10 individual traders in the equity F&O segment incurred net losses during both the years FY 2018-19 and FY 2021-22.
On average, loss makers registered net trading loss close to ₹ 50,000 in FY 2021-22. The average absolute net loss of a loss maker was over 15 times the net profit made by a profit maker.*
Over and above the net trading losses incurred, loss makers expended an additional 28%* of net trading losses as transaction costs.
Those making net trading profits incurred between 15% to 50%* of such profits as transaction cost.
SEBI believes that periodic data analysis and disclosure of this nature can significantly enhance investor awareness around market risks. With this in mind, SEBI will shortly issue guidelines in respect of additional risk disclosures required to be made by brokers and exchanges to investors.


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Dress code for NCLT matters

NCLT order dated 27th January, 2023 specifying dress code for NCLT matters for legal practitioner, authorised representative, IRP/ RP/ Liquidator, and for the bench.

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My Dear Muthachan

Rip roaring comedy Malayalam movie “My Dear Muthachan” (1992) directed by Sathyan Anthikad and starring Murali, Jayaram, Sreenivasan, Thilakan among others.

Four children lose their parents in a motor accident and become forlorn and lost at a young age. Their parents were rich business people with a fish factory, sprawling house, farm, estate and riches etc.

Upon their death, their relatives who had never bothered to look them up, suddenly arrive feigning care for the children. Innocent & KPAC Lalitha arrive on the scene, followed by Karamana Janardhanan as their family lawyer and his no good son Sreenivasan is settled there as some long lost friend of their father.

Jayaram is a worker in the factory demanding permanent employment for himself and his band of workers. Murali is the General Manager looking after the factory affairs. The children chance upon Thilakan as their grand father and invite him to stay in their house.

Laugh riot follows one scene after another in a superb script and well directed movie with nary a boring scene at all. Remarkable performance again by Thilakan and Murali — such great actors they were in their hey days. Another superb performance by Sukumari as the mother of Jayaram — she was another great actor, excelling in every kind of role given to her. Urvashi as the servant’s daughter is cute in a cameo role. She is another fine actor. IMDB 6/10

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10 lb penalty

Another fine, thrilling novel from the pen of Dick Francis.

Ben Julliard wants to become a race jockey. But he is plucked from his promising career by some false allegation and catapulted into helping his father who is contesting a county election.

The problem is that his father has too many enemies who do not hesitate to either injure him in order to scare him to vacate that seat or even kill him. Ben gets in the thick of action by helping his father to win the election.

Once that done, Ben gets off to University to study mathematics and revive his racing career side by side. But the clouds continue to hover over his father who has now become a successful politician and vying for the top leadership of the party.

The same set of people are out to derail him. Ben manages to solve the crime and attempted crime in his amateurish way. Dick continues to enthrall readers with his fast paced novels. Goodreads 5/5

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Action packed Malayalam movie “Kanalkkattu” (1991), directed by Sathyan Anthikad and starring Mammootty, Murali, Urvashi among others.

Mammootty is a no gooder rowdy who takes contracts to beat people. His best friend Murali is his grounder. Mammootty takes a contract to beat an executive engineer Jayaram but he dies in the process.

Jayaram is a honest to good engineer and not found of short cuts in the materials used in construction. The construction companies wants him to take a bribe and pass their bills. Upon his refusal, a contract is given to beat him so that he lands up in hospital for 3 to 4 months. In his absence, somebody can pass those bills.

Mammootty develops a conscience upon the death of Jayaram and consoles with his wife Urvashi, who has done a fine role. Murali has once again proven his mettle as a superb actor. Mammootty is little over the top though the other character stars Sankarady, Innocent, Mamukoya, KPAC Lalitha all deliver super roles. Too much of violence in this movie which is very unlike the movies made by Sathyan Anthikad. Cinematography is good with frequent shots of the Chinese fishing nets at Cochin. IMDB 4/10

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16.07 kms

16.07 kms for the day combined with 7.02 kms yesterday, 23 kms for the weekend. Have a great Sunday folks.

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Ennum Nanmakal

Beautifully sensitive Malayalam movie “Ennum Nanmakal” (1991), directed by Sathyan Anthikad and starring Sreenivasan, Jayaram, Santhi Krishna, KPAC Lalitha, Shari, Saranya Ponvannan among others.

The story works in three or four strands. Santi Krishna, Shari & Saranya Ponvannan are three working girls looking for a house to rent. They find a house which has KPAC Lalitha staying in it. They rent it to find an ayurvedic doctor Sreenivasan staying next door a small kid in tow.

Jayaram is in love with Santi Krishna but he is jobless and aimless. He applies to several companies for jobs but does not get it. In the meanwhile he wiles away time by smoking beedis and playing card games.

Shari is a feminist not believing in marriage. Saranya is looking for a railway job because her father worked in railways and died while on duty, so she is entitled to a job. Everybody have their little problems to tackle.

Sreenivasan is grumpy to begin with but loosens a bit with Santi Krishna and proposes marriage to her. In the meanwhile Jayaram secures a job in Calcutta and comes back to the village.

Joblessness, frustration, poverty, love, lost love, are all beautifully woven into the script. Sathyan Anthikad has a powerful script to create his magic with super dialogues to go with. Performances of all main characters are superb and those of character artistes Sukumari, KPAC Lalitha, Mamukoya, Sankaradi, Oduvil Unnikrishnan beautifully meshed with the story. KPAC Lalitha, Sukumari, Sankaradi, Innocent, Mamukoya are such masterful actors in that era — effortless and professional. IMDB 7/10

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7.02 kms

Easy 7,02 kms for the morning. The cold wave seems to be receding. Have a great day folks.

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15.17 kms

15.17 kms today being a public holiday here in India being the Republic Day and 7.25 kms yesterday, rounded off to 22.42 kms for two days, back to back running. Happy Republic Day.

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distributors of television channels

TRAI (Telecom Regulatory Authority of India) has vide their circular dated 19th January, 2023 asked all Distributors of Television Channels (DPOs) to intimate to the Authority, the distribution retail price of pay channels and bouquets of pay channels and FTA (free to air) channels. They were supposed to intimate by 1st January, 2023 but several DPOs have not done it, so this order by TRAI.

The operative part of the circular is reproduced below:

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ROC Ahmedabad order

ROC (Registrar of Companies), Ahmedabad adjudicating order on company Gandharv Gems Private Limited for not maintaining registered office as required under section 12 of the Companies Act, 2013.

The company had been sent notices by the ROC office but these notices were returned back with the remark saying “closed company, addressee cannot be located”. ROC sent three more notices calling for adjudicating the matter and fixing the date of hearing, but all notices were left undelivered and nobody came to represent the company.

Therefore ex-parte order, penalty on the company and 5 directors Rs.1 lakh each, total penalty Rs.6 lakhs.

Incidentally penalty was levied on two directors who resigned in March 2021 and two directors who were appointed in November, 2021. Therefore director resigning and trying to escape from penal provisions will not work.

The company’s paid up share capital is Rs.1 lakh. Total penalty is 6 times the paid up share capital of the company, of course the penalty on the directors will have to be met by them from their own personal funds.

To view the ROC orders you can go to


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