Tejpal sheth welcomes you to the world of law

What Does Love Mean??

2011-10-21T11:01:00.001+05:30

*What Does Love Mean?*

question to a group of 4 to 8 year olds, "What does love mean?" The answers

"When my grandmother got arthritis, she couldn't bend over and paint her toenails anymore. So my grandfather does it for her all even when his hands got arthritis, too. T...hat's Love. Rebecca - age 8

When someone loves you, the way they say your name is different. You just know that your name is safe in their mouth." Billy - age 4

"Love is when my mommy makes coffee for my daddy and she takes a sip before giving it to him, to make sure the taste is OK." Danny - age 7

"Love is when you tell a guy you like his shirt, then he wears it everyday." Noelle - age 7

"Love is when your puppy licks your face even after you left him alone all day." Mary Ann - age 4

"When you love somebody, your eyelashes go up and down and little stars come out of you" Karen - age 7

"Love is when Mommy sees Daddy on the toilet and she doesn't think it's gross." Mark - age 6

And the final one -- Author and lecturer Leo Buscaglia once talked about contest he was asked to judge. The purpose of the contest was to find the most caring child. (Now this will melt your heart.) The winner was a four year old child whose next door neighbor was an elderly gentleman who had recently lost his wife. Upon seeing the man cry, the little boy went into the old gentleman's yard, climbed onto his lap, and just sat there. When his Mother asked him what he had said to the neighbor, the little boy said, "Nothing, I just helped him cry."

I believe

2011-08-01T14:29:00.002+05:30

I Believe...That just because two people argue, It doesn't mean they don't love each other. And just because they don't argue, It doesn't mean they do love each other.

I Believe...That we don't have to change friends if We understand that friends change.

I Believe....That no matter how good a friend is, They're going to hurt you every once in a while And you must forgive them for that.

I Believe...That true friendship continues to grow, Even over the longest distance. Same goes for true love.

I Believe... That you can do something in an instant That will give you heartache for life.

I Believe....That it's taking me a long time To become the person I want to be.

I Believe.... That you can keep going long after you think you can't.

I Believe...That you should always leave loved ones with Loving words. It may be the last time you see them.

I Believe...That heroes are the people who do what has to be done when it needs To be done, regardless of the consequences

I Believe....That we are responsible for what We do, no matter how we feel.

I Believe...That either you control your attitude or it controls you.

I Believe....That my best friend and I can do anything or nothing and have the best time.

I Believe....That sometimes the people you expect to kick you when you're down Will be the ones to help you get back up.

I Believe...That sometimes when I'm angry I have the right to be angry, But that doesn't give me the right to be cruel.

I Believe....That maturity has more to do with what types of experiences you've had And what you've learned from them and less to do with how many Birthdays you've celebrated.

I Believe....That it isn't always enough, To be forgiven by others. Sometimes, you have to learn to forgive yourself..

I Believe...That no matter how bad your heart is broken The world doesn't stop for your grief.

I Believe....That our background and circumstances May have influenced who we are, But, we are responsible for who we become.

I Believe...That you shouldn't be so eager to find Out a secret. It could change your life Forever.

I Believe....Two people can look at the exact same thing and see something totally different.

I Believe....That your life can be changed in a matter of Hours by people who don't even know you.

I Believe...That even when you think you have no more to give, When a friend cries out to you - You will find the strength to help.

I Believe...That credentials on the wall Do not make you a decent human being

I Believe...That the people you care about most in life Are taken from you too soon.

So love them and care for them when they are with you.

Vision

2011-02-16T14:04:00.000+05:30

Credit Rating_9

2010-12-16T18:50:00.002+05:30

Is rating a one time exercise?

No. To protect the interest of investors, SEBI has mandated that every credit rating agency shall, during the lifetime of the securities rated by it, continuously monitor the rating of such securities and carry out periodic reviews of all published ratings and disclose the revised ratings.

credit rating_8

2010-12-16T18:49:00.000+05:30

Who regulates rating agencies?

In India, credit rating agencies are regulated by SEBI. The SEBI (Credit Rating Agencies) Regulations, 1999 govern the credit rating agencies and provide for eligibility criteria for their registration, monitoring and review of ratings, requirements for a proper rating process, avoidance of conflict of interest, code of conduct and inspection of rating agencies by SEBI, among other things.

There is power of life and death in the tongue. Choose your words wisely.

2010-12-10T15:52:00.003+05:30

A group of frogs were traveling through the woods, and two of them fell into a deep pit. When the other frogs saw how deep the pit was, they told the two frogs that they were as good as dead. The two frogs ignored the comments and tried to jump up out of the pit with all their might. The other frogs kept telling them to stop, that they were as good as dead.

Finally, one of the frogs took heed to what the other frogs were saying and gave up. He fell down and died. The other frog continued to jump as hard as he could. Once again, the crowd of frogs yelled at him to stop the pain and just die. He jumped even harder and finally made it out.

When he got out, the other frogs said, “Did you not hear us?” The frog explained to them that he was deaf.
He thought they were encouraging him the entire time!

This story teaches two lessons:
There is power of life and death in the tongue. An encouraging word to someone who is down can lift them up and help them make it through the day.
A destructive word to someone who is down can be what it takes to kill them.
Be careful of what you say. Speak life to those who cross your path. The power of words… it is sometimes hard to understand that an encouraging word can go such a long way. Anyone can speak words that tend to rob another of the spirit to continue in difficult times. Special is the individual who will take the time to encourage another.

Conversation between GOD and ME

2010-11-25T10:34:00.000+05:30

God : Hello. Did you call me?

Me: Called you? No.. who is this?

God : This is GOD. I heard your prayers. So I thought I will chat.

Me: I do pray. Just makes me feel good. I am actually busy now. I am in the midst of something.

God : What are you busy at? Ants are busy too.

Me: Don't know. But I cant find free time. Life has become hectic. It's rush hour all the time.

God : Sure. Activity gets you busy. But productivity gets you results. Activity consumes time. Productivity frees it.

Me: I understand. But I still can't figure out. By the way, I was not expecting YOU to buzz me on instant messaging chat.

God : Well I wanted to resolve your! fight for time, by giving you some clarity. In this net era, I wanted to reach you through the medium you are comfortable with.

Me: Tell me, why has life become complicated now?

God : Stop analyzing life. Just live it. Analysis is what makes it complicated.

Me: why are we then constantly unhappy?

God : Your today is the tomorrow that you worried about yesterday.You are worrying because you are analyzing. Worrying has become your habit. That's why you are not happy.

Me: But how can we not worry when there is so much uncertainty?

God : Uncertainty is inevitable, but worrying is optional.

Me: But then, there is so much pain due to uncertainty. .

God : Pain is inevitable able, but suffering is optional.

Me: If suffering is optional, why do good people always suffer?

God : Diamond cannot be polished without friction. Gold cannot be purified without fire. Good people go through trials, but don't suffer. With that experience their life become better not bitter.

Me: You mean to say such experience is useful?

God : Yes. In every terms, Experience is a hard teacher. She gives the test first and the lessons afterwards.

Me: But still, why should we go through such tests? Why cant we be free from problems?

God : Problems are Purposeful Roadblocks Offering Beneficial Lessons (to) Enhance Mental Strength. Inner strength comes from struggle and endurance, not when you! are free fromproblems.

Me: Frankly in the midst of so many problems, we don't know where we are heading..

God : If you look outside you will not know where you are heading.Look inside. Looking outside, you dream. Looking inside, you awaken. Eyes provide sight. Heart provides insight.

Me: Sometimes not succeeding fast seems to hurt more than moving in the right direction. What should I do?

God : Success is a measure as decided by others. Satisfaction is a measure as decided by you. Knowing the road ahead is more satisfying than knowing you rode ahead. You work with the compass. Let others work with the clock.

Me: In tough times, how do you stay motivated?

God : Always look at how far you have come rather than how far you have to go. Always count your blessing, not what you are missing.

Me: What surprises you about people?

God : when they suffer they ask, "why me?" When they prosper, they never ask "Why me" Everyone wishes to have truth on their side, but few want to be on the side of the truth.

Me: Sometimes I ask, who am I, why am I here. I cant get the answer.

God : Seek not to find who you are, but to determine who you want to be. Stop looking for a purpose as to why you are here. Create it. Life is not a process of discovery but a process of creation.

Me: How can I get the best out of life?

God : Face your past without regret. Handle your present with confidence. Prepare for the future without fear.

Me: One last question. Sometimes I feel my prayers are not answered.

God : There are no unanswered prayers. At times the answer is NO.

Me: Thank you for this wonderful chat.

God : Well. Keep the faith and drop the fear. Don't believe your doubts and doubt your beliefs. Life is a mystery to solve not a problem to resolve. Trust me. Life is wonderful if you know how to live. "Life is not measured by the number of breaths we take but by the moments that took our breath away!

The Heaven and the Hell

2010-11-23T17:26:00.001+05:30

A man, his horse and his dog were traveling down a road. When they were passing by a gigantic tree, a bolt of lightning struck and they all fell dead on the spot.
But the man did not realize that he had already left this world, so he went on walking with his two animals; sometimes the dead take time to understand their new condition…

The journey was very long, uphill, the sun was strong and they were covered in sweat and very thirsty. They were desperately in need of water. At a bend in the road they spotted a magnificent gateway, all in marble, which led to a square paved with blocks of gold and with a fountain in the center that spouted forth crystalline water.
The traveler went up to the man guarding the gate.
“Good morning. What is this beautiful place?”
“This is heaven.”
“How good to have reached heaven, we’re ever so thirsty.”
“You can come in and drink all you want.”
“My horse and my dog are thirsty too.”
“So sorry, but animals aren’t allowed in here.”
The man was very disappointed because his thirst was great, but he could not drink alone; he thanked the man and went on his way. After traveling a lot, they arrived exhausted at a farm whose entrance was marked with an old doorway that opened onto a tree-lined dirt road.

A man was lying down in the shadow of one of the trees, his head covered with a hat, perhaps asleep.
“Good morning,” said the traveler. “We are very thirsty – me, my horse and my dog.”
“There is a spring over in those stones,” said the man, pointing to the spot. “Drink as much as you like.”
The man, the horse and the dog went to the spring and quenched their thirst. Then the traveler went back to thank the man.

“By the way, what’s this place called?”
“Heaven.”
“Heaven? But the guard at the marble gate back there said that was heaven!”
“That’s not heaven, that’s hell.”
The traveler was puzzled.
“You’ve got to stop this! All this false information must cause enormous confusion!”

The man smiled:
“Not at all. As a matter of fact they do us a great favor. Because over there stay all those who are even capable of abandoning their best friends…”

credit rating_7

2010-11-12T18:33:00.002+05:30

What are investment and speculative grade ratings?

An investment grade rating signifies the rating agency’s belief that the rated instrument is likely to meet its payment obligations. The debt instruments rated 'BBB' and above are classified as investment grade ratings. Instruments that are rated ‘BB‘ and below are classified as speculative grade category ratings in which case the ability to meet the payment obligations is considered to be “speculative”. Instruments rated in the speculative grade are considered to carry materially higher risk and a higher probability of default compared to instruments rated in the investment grade.

credit rating_7

2010-11-03T11:07:00.006+05:30

What do the “+” and “-”sign indicate in a rating?

Plus and minus symbols are used to indicate finer distinctions within a rating category. The minus symbol associated with ratings has no negative connotations. In fact, ratings in a higher rating category such as ‘AA-‘ are stronger than ratings in a lower rating category such as ‘A+‘.

credit rating_5

2010-11-03T11:07:00.001+05:30

Are rating symbols the same across all types of debt instruments?

No. Rating symbols may vary depending on the type of debt instrument, as for example long term or short term.

credit rating_4

2010-11-03T11:05:00.000+05:30

What do the various rating symbols mean?

Each rating symbol is an alphanumeric representation of the degree of repayment risk associated with debt instruments.

credit rating_3

2010-11-01T17:34:00.000+05:30

How is credit rating done?

Ratings are based on a comprehensive evaluation of the strengths and weaknesses of the company along with an in-depth study of the industry as well as macro-economic, regulatory and political environment.

credit rating_2

2010-11-01T17:33:00.000+05:30

Is a credit rating in the nature of a recommendation?

No, a credit rating is not a recommendation to buy, sell or hold a debt instrument. It is a comment only on the credit risk in an instrument. Rating only provides an additional input to the investor and the investor is required to make his own independent and objective analysis before arriving at an investment decision.

credit rating_1

2010-11-01T17:28:00.000+05:30

What is credit rating?

A credit rating is an opinion regarding timely payment of interest and principal on a debt instrument. A simple alphanumeric symbol is normally used to convey a credit rating.

Poison versus Love

2010-10-07T16:47:00.001+05:30

A long time ago in China , a girl named Li-Li got married & went to live with her husband and mother-in-law. In a very short time, Li-Li found that she couldn't get along with her mother-in-law at all. Their personalities were very different, and Li-Li was angered by many of her mother-in-law's habits. In addition, she criticized Li-Li constantly.

Days passed, and weeks passed. Li-Li and her mother-in-law never stopped arguing and fighting. But what made the situation even worse was that, according to ancient Chinese tradition, Li-Li had to bow to her mother-in-law and obey her every wish. All the anger and unhappiness in the house was causing Li-Li's poor husband great distress.

Finally, Li-Li could not stand her mother-in-law's bad temper and dictatorship any longer, and she decided to do something about it! Li-Li went to see her father's good friend, Mr. Huang, who sold herbs. She told him the situation and asked if he would give her some poison so that she could solve the problem once and for all.

Mr. Huang thought for awhile, and finally said, 'Li-Li, I will help you solve your problem, but you must listen to me and obey what I tell you.'

Li-Li said, 'Yes, Mr. Huang, I will do whatever you tell me to do 'Mr. Huang went into the back room, and returned in a few minutes with a package of herbs. He told Li-Li, 'You can't use a quick-acting poison to get rid of your mother-in-law, because that would cause people to become suspicious Therefore, I have given you a number of herbs that will slowly build up poison in her body.

Every other day prepare some delicious meal and put a little of these herbs in her serving. Now, in order to make sure that nobody suspects you, when she dies, you must be very careful to act very friendly towards her. 'Don't argue with her, obey her every wish, and treat her like a queen.' Li-Li was so happy. She thanked Mr. Huang and hurried home to start her plot of murdering her mother-in-law. Weeks went by, and months went by, and every other day, Li-Li served the specially treated food to her mother-in-law. She remembered what Mr. Huang had said about avoiding suspicion, so she controlled her temper! , obeyed her mother-in-law, and treated her like her own mother.

After six months had passed, the whole household had changed.. Li-Li had practiced controlling her temper so much that she found that she almost never got mad or upset. She hadn't had an argument with her mother-in-law in six months because she now seemed much kinder and easier to get along with.

The mother-in-law's attitude toward Li-Li changed, and she began to love Li-Li like her own daughter. She kept telling friends and relatives that Li-Li was the best daughter-in-law one could ever find. Li-Li and her mother-in-law were now treating each other like a real mother and daughter. Li-Li's husband was very happy to see what was happening. One day, Li-Li came to see Mr. Huang and asked for his help again She said, 'Dear Mr. Huang, please help me to keep the poison from killing my mother-in-law. She's changed into such a nice woman, and I love her like my own mother. I do not want her to die because of the poison I gave her.'

Mr. Huang smiled and nodded his head. 'Li-Li, there's nothing to worry about. I never gave you any poison. The herbs I gave you were vitamins to improve her health. The only poison was in your mind and your attitude toward her, but that has been all washed away by the love which you gave to her.'

HAVE YOU REALIZED that how you treat others is exactly how they will treat you? There is a wise Chinese saying: 'The person who loves others will also be loved in return.' God might be trying to work in another person's life through you.

'A candle loses nothing if it is used to light another one'.

Holding Hands

2010-10-07T15:39:00.003+05:30

Little girl and her father were crossing a bridge.

The father was kind of scared so he asked his little daughter,
'Sweetheart, please hold my hand so that you don't fall into the river.'

The little girl said, 'No, Dad. You hold my hand.'

'What's the difference?' Asked the puzzled father.

'There's a big difference,' replied the little girl.

'If I hold your hand and something happens to me, chances are that I may let your hand go. But if you hold my hand, I know for sure that no matter what happens, you will never let my hand go.'

In any relationship, the essence of trust is not in its bind, but in its bond.

So hold the hand of the person who loves you rather than expecting them to hold yours...

Companies Act_Practical Problems_94

2010-09-30T15:05:00.000+05:30

A Company wants to provide financial assistance to its employees to enable them to subscribe for fully paid shares of the company. Does it amount to purchase of its own shares. If, in the instant case, the company itself purchasing to redeem its preference shares, does it amount to acquisition of its own shares?

Limited Liability Partnership_17

2010-09-25T19:24:00.000+05:30

For what period a name can be reserved by Registrar?

The name can be reserved by ROC on approval of Form 1, for a period of 3 months from the date of intimation by the Registrar. However, Foreign LLP/Companies have an option to reserve their existing names, under which they are operating outside India, for a period of 3 years in India, which can be further renewed on application to Registrar in Form 25.

Limited Liability Partnership_16

2010-09-25T19:22:00.002+05:30

What are the broad provisions of the Act in respect of names of LLPs?

Every limited liability partnership shall have either the words “limited liability partnership” or the acronym “LLP” as the last words of its name. LLPs would not be given names, which, in the opinion of the Central Government, are undesirable. Registrar would be under obligation to follow such rules, which would be framed by the Central Government in connection with allotting names to LLPs. There are also provisions in respect of ‘rectification of name’ in case two LLPs have been registered with the same name, inadvertently.

Limited Liability Partnership_15

2010-09-25T19:19:00.000+05:30

Whether foreigners can incorporate LLP?

Yes, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India. However, the LLP/Partners would have to comply with all relevant Foreign Exchange Laws/ Rules/ Regulations/ Guidelines.

Limited Liability Partnership_14

2010-09-25T19:17:00.002+05:30

How the mutual rights and duties of partners inter-se and those of partners and LLPs would be governed?

The mutual rights and duties of partners inter se and those of the LLP and its partners shall be governed by the agreement between partners or between the LLP and the partners. This Agreement would be known as “LLP Agreement”.

Limited Liability Parntership_13

2010-09-25T19:16:00.000+05:30

Whether LLP Agreement would be mandatory for all LLPs?

As per provisions of the LLP Act, in the absence of agreement as to any matter, the mutual rights and liabilities shall be as provided for under Schedule I to the Act. Therefore, in case any LLP proposes to exclude provisions/requirements of Schedule I to the Act, it would have to enter into an LLP Agreement, specifically excluding applicability of any or all paragraphs of Schedule I.

Wild Boars

2010-09-24T15:28:00.004+05:30

Wild Boars

There was a village that was attacked by wild boars.Everyday the wild boars would enter the village to rampage the whole village of their food. The villagers tried various means to fight and chase away the wild boars, but without much success.

One day a wise man approached the village headman to offer his advice. He told the villagers that they will have to follow all his advice and directions. Out of desperation, the villagers agreed. The wise man told the villagers to gather all the food from every household and put it in the middle of a big empty field. They followed his advice, and immediately they saw hundreds of wild boars approaching the vicinity where the food was placed. The wild boars were apprehensive initially, but after a while they went for the food.

Once the wild boars had a taste of the food they came back for the free food everyday. And everyday the villagers would put more food in the field and the wild boars would come to have their free meals. After a while, the wise man asked the villagers to erect four poles at the four-corners of the field.The wild boars were too busy having their food that they did not take notice of what was happening.

After a few weeks, the wild boars developed the habit of having free food. The wise man then asked the villagers to put fencing around the field, with a large gate through which the wild boars can enter to have their food. Finally once the fencing and the gate were completed the villagers closed the gate and all the wild boars were trapped inside the field. The wild boars were finally defeated!

Habits are easily developed but difficult to get rid of. The wild boars were trapped because out of their greed, they developed the habit of having free food, and without having to work for their food. They became so comfortable, that they did not realize they were being trapped. Most of us are like the wild boars because we become too comfortable with our jobs and businesses that we do not realize we are in one way or another being "trapped".

We seek security rather than freedom!

When we share

2010-09-24T15:12:00.006+05:30

When we share laughter,
There's twice the fun;
When we share success,
We've surpassed what we've done.

When we share problems,
There's half the pain;
When we share tears,
A rainbow follows rain.

When we share dreams,
They become more real;
When we share secrets,
It's our hearts we reveal.

If we share a smile,
That's when our love shows;
If we share a hug,
That's when our love grows.

If we share with someone
On whom we depend,
That person is always
Family or friend.

And what draws us closer

And makes us all care,

Is not what we have,

But the things we share.