#KejriwalVsLG Just let me know that who has the authority to resolve the issues of General Public ?
— B S Vohra (@RWABhagidari) May 20, 2015
Wednesday, May 20, 2015
#KejriwalVsLG
DO YOU THINK, CAG AUDIT OF DISCOMs IS POSSIBLE ?
( By B S Vohra ) The Audited Balance Sheet of BYPL & BRPL clearly mention that they have 49% share capital i.e. equal to the share held by Delhi Govt. Hence they must be under the scanner of CAG Audit as well RTI. But because of the clauses mentioned below, they are still treated as the actual holders of 51% share capital & therefore out of the range of CAG & RTI. Don’t you think that DELHI GOVT. must change these clauses immediately. Plz go through the details as below :
13.5 : BSES shall not be entitled to assign the rights, benefits and/or obligations of this Agreement to any other person. Provided that BSES may after prior information to the Holding Company transfer the Shares in excess of 26 per cent of the total equity share capital of the COMPANY (as existing on the date of this shareholders Agreement) in the name of any of the group companies of which BSES is a part or any public financial institution as recognized under section 4-A of the Indian Companies Act, any National/Scheduled Banks or any foreign financial institutions approved by the Government of India. Further to bring about improvements in the distribution system of the
COMPANY, BSES can, after prior information to the Holding Company, assign a maximum of 5 percent of the total equity share capital of the COMPANY in favour of any other company which has relevant experience in the electricity sector. Provided that BSES shall procure an undertaking from the other company that it will act along with BSES as a group shareholder. However, BSES shall hold not less than 26 percent of the total equity share capital of the COMPANY in its name. Notwithstanding such transfer of shares, BSES shall continue to be responsible for due fulfillment of all the obligations of BSES as specified in this Agreement as if the shares in COMPANY other than shares held by Holding Company or its successor entity or entities, is entirely held by BSES.
Provided however that there shall be no restriction on the pledge of the sharesto the banks and financial institutions to secure finances and funding for the business of the COMPANY.
For the purposes of this Agreement two bodies corporate will be considered as a part of the same group if one body corporate is a subsidiary or holding company of another or both the bodies corporate are otherwise to the satisfaction of Holding Company established to be under a common management.
For the purposes of this Agreement two bodies corporate will be considered as a part of the same group if one body corporate is a subsidiary or holding company of another or both the bodies corporate are otherwise to the satisfaction of Holding Company established to be under a common management.
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( B S Vohra is President, EAST DELHI RWAs JOINT FRONT – Federation. He can be reached at www.RWABhagidari.com / www.RWABhagidari.blogspot.in . Views are personal )
See more at: http://www.indiatrendingnow.com/featuredblog/do-you-think-cag-audit-of-discoms-is-possible/#sthash.u0s2DWX2.dpuf
Thursday, May 14, 2015
Wednesday, May 13, 2015
Secure the future of your loved ones with MyLife+
Life is quite uncertain & there is none who can predict the death of any human being. The minute a person finishes his journey on this earth, is the minute, when the hardships start upcoming in the life of the loved ones, who are left behind. Therefore, if we could give a little thought in our lifetime, we can do a lot for our loved ones, even when we are not physically present or even after the death.
There is Edelweiss Tokio Life - MyLife+ policy that is a Term Insurance plan or a low cost insurance plan or budget insurance that provides full protection and financial stability to our loved ones, in case of any unforeseen events. The plan provides absolute protection & financial security of our loved ones in case we are no more and quite beneficial even though it’s non participating & non linked.
We have to decide a substantial amount, that we think is suitable for our family as per our status (minimum sum assured is 25 Lakh) and start paying a small premium every year. If something happens to the insured person, the family gets the Sum insured in three easy ways. The family can choose the death benefit as a lump sum payment, the family can choose a monthly payout of 1% of the sum insured for 130 months or the family can choose a combination of both.
Even though it has the minimum & a maximum entry age limit of 18 to 60 years, once entered, it provides us the flexibility to choose a cover for up to the maximum maturity age of 80 years with Tax benefits for premium & claim amount. It also gives the insured person a comprehensive cover through various riders in certain cases. The best part is that everything can be done very easily through their website where we can check every single detail and can proceed to calculate the premium & make the payment.
We must remember that Edelweiss Life insurance is a venture between Edelweiss Financial Services, Mumbai & Tokio Marine Holdings Inc, Japan and they are offering, not just an Insurance policy but a Solution to our future unforeseen circumstances. Therefore, we must proceed to buy online the Edelweiss Tokio Life - MyLife+ policy to safeguard the interests of our loved ones. 
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