Scared Speechless

The Nagarjuna Finance case, after the Satyam saga, has put the role and liability of independent directors on the front burner. But the most alarming aspect of the whole case is that almost nobody wants to go on record to discuss it, discovers Sucheta Dalal

In June 1997, when asked about a move to have an age limit for corporate directors, Minoo R Shroff asked a newspaper, “Why should there...

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  • Fine Fabric

    The market crash has decimated the price of many companies while they continue to perform as well as before. As a result, growth stocks have suddenly become cheap. Look at Shri Lakshmi Cotsyn (SLCL) which is an integrated multi-product and multi-market player in a beaten down sector, textiles. Its product range includes bed-linen, terry towels, denim and bottom weights, readymade garments,...

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  • Loss of Public Money
    Under existing regulations, there is no provision for banks to register a charge on assets offered as security against loans availed by partnership and proprietary firms. This allows unscrupulous borrowers to avail of loans from multiple lenders against the same security or to sell the assets without the consent of banks.

    The sub-registrar’s office attached to the revenue department...

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