ACT IMMEDIATELY NOW by readers view on Jan 10, 2009 12:52 PM Permalink | Hide replies
work on sundays also and check cuplrits involved by readers view on Jan 10, 2009 12:48 AM Permalink
they should check all records immediately work on sundays by readers view on Jan 10, 2009 12:46 AM Permalink | Hide replies
they should quickly and immediately check all those involved by readers view on Jan 10, 2009 12:41 AM Permalink | Hide replies
they should not wait and immediately they should also check the auditors concern and high officials concern, these two people, main person and his brother should be kept away from anyone trying to pass or extract information from them and they will try to wipe out all evidences then. cm pm and bse nse officials together should be strict with this if not then they also are involved in this scam, it may be the CM or PM or FM or even BSE NSE officials all should support quick investigating..... all investors should be after this. readers put your view on these things now and not just jabber nonsence. those involved should be publicly punished in shame, only then others who are into this will inprove or correct themself. your view now??
dont be lazy and dont depend on our courts in india they will try all tricks to help them
Dear SEBI Chairman I think if you actually plan to audit this companies you will need to shake up your sleeping employees Please check companies like Reliance Industries,RNRL,Reliance COM and thousand of subsideries of reliance.Everyone know that this companies have lot of manipulations in account but your eyes are closed.You people are waiting for another SCAM so as to get busy for what happened and take one year to study the same Why dont you work hard to avoid such cases instead crying on split milk for years
It is the shareholders' money who invest in the Public Ltd. companies. Business Class airfare is 3 times the Economy Class airfare. So when the management use economy class travel for personal travel, then why should they not use Economy Class Travel for Official purpose? They should treat the expenditures of Public Ltd. company as own. If economy class to US costs Rs 50,000 then Rs 1.5 lakhs for business class. And Rs 2 lakhs for first class. All the listed companies in stock exchange must make it mandatory for their management to fly only by Economy class cos it is shareholders’ money. It is said that Azim Premji flies by Economy Class.
Re: A sure catch if SEBI offices is truthful
by Shanker Shetty on Jan 10, 2009 01:36 PM
satyam means: true, truth but this is a total jhoota company! exactly opposite, what a shame!
Re: A sure catch if SEBI offices is truthful
by kedem kemorah on Jan 10, 2009 01:07 PM
Rightly said. This is the real Indian Enron-not Satyam. They have infact run out of cash as EVERY business of their's is incurring huge losses.
The agency if really wants some thing real to come out, should rope in the Commercial Audit wing of the Comptroller and Auditor General of India. It may even take the retired officers of this department who are possessing other qualifications like memebrs of the Institute of Company Secretaries so that the examination will be to the depths of the transactions to evaluate the lapses. When people believe and FIIs beloieve if the accounts are audited and certified by one of the big five/four and if they are accused of dereliction of their duty and professional ethics what punishment should be given to the entire organisation? In my view they should be banned from Auditing and Certifying any account in India. When our professionals cannot practice and certify outside India how come these people are allowed to practice in India to the disadvantage of the Indian professionals who start their professional work in a small way with a few partners and localised. The Bar Council which intends to permit foreign law firms to practice in India also should think twice before allowing them here. Our Law degree is not recognised any where and we have to again study some course there to practice or get employment in other countries. What is the use of University degre if there is no value to it outside India? As a tit for tat Indian Govt. should not permit any foreign agency to carryout its professional work in India.
Re: SEBI's postmortem
by ramkrishna on Jan 10, 2009 12:44 PM
good, indian chartered accountants in early eighties were good, they have the fear and they dont want toloose membership , it is prestigious for them now they are behind money what todo, i know few auditors ,under whom i have worked as audit assitants , they even qualify the report , they are not behind money, now a days all are gone,
Dear SEBI guys, i would request you to kindly do a sincere and honest review of all listed sensex forming companies and also companies showing 30% and above profit for last couple of years. Please note if cant be sincere than dont do it, as it will leave no future excuse for govt to get away from its responsibility by blaming non-govt players. Be sincere or leave it to GODS. at last some work the govt guys wants to do after getting social security of jobs and lots of other income for hiding the truth from investors. MAY GOD BLESS THEM FOR NOW
