Electronic Records In Share Market – Stamping It Or Stumping It?

Posted on 21st July 2011 in Consumer Electronic

but the article is concerning with the situation where the amendment if on being accepted would have carried serious inconsistency with the Stamp Act, Constitution of India and other related problems. The article also analyse possible solutions to cope up with conditions where the interest of state clashes with Central Legislation and lastly suggesting format which can be adopted for
imposing duty on the electronic commerce.

GAIL has signed an agreement with the NSDL for providing this facility to the shareholders of GAIL. For subscribing to this system, shareholders would first need to dematerialize their shares. This can be done through any of the Depository participants of NSDL. After this, shareholders can trade the shares without any physical deliveries of the share certificates and no stamp duty is payable at the time of transfer unlike in the case of physical transfer.

This excerpt indicates GAIL offering facility to all of their shareholders after opening Depository account, they can trade the shares without paying any stamp duty. But the position would have had not been the same as the State of Maharashtra some time before by its amendment under Bombay Stamp Act, 1958 has made all electronic transaction subjected to the Stamp duty. By doing so, they have not only by disturbed its harmony with Indian Stamp Act, 1899 but also created a doubtful situation questioning about its consistency with the pillars of Constitutional of India. The major concern in this article is to analyse the nuances of action taken by the State of Maharashtra and its impact on the electronic commerce, what would have been possible
solutions to cope up with this condition where the interest of state clashes with Central Legislation and lastly suggesting format which can be adopted for imposing duty on the electronic commerce.  Read more...

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Communicating Decisions – Seven Things to Share

Posted on 23rd January 2011 in Communication

Leaders know that communication is one of their key roles. In fact whenever I have worked with a leadership team or group the subject of communication always comes up. People want to know how to communicate more effectively, and why people don’t always seem to hear when they do communicate.

In those very same organizations people wish the leaders would communicate more often and/or more clearly. They often feel “in the dark” about decisions, plans and future direction.

In defense of the leaders, most often they do communicate, but often not very effectively. In fact, by definition, if the followers are not clear about what they have read or heard, then the communication hasn’t been effective.

One of the areas where the gap is widest is in communicating decisions. Decisions are made (or followers think or assume they have been made), but the communication of those decisions is ineffective or incomplete.

The List

In working with a Management Team recently we examined this challenge and found a document that outlined some things to consider when communicating decisions. What follows are seven questions (with some commentary) to help you successfully communicate decisions within your organization (and beyond).

What are the key points or major messages you want to share when communicating the decision? Outline these points ahead of time. If each member of a leadership team is communicating individually, creating a common list of key messages is even more important. What do you really need to communicate about this decision?  Read more...

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Communicating Decisions – Seven Things to Share

Posted on 12th April 2010 in Communication

Leaders know that communication is one of their key roles. In fact whenever I have worked with a leadership team or group the subject of communication always comes up. People want to know how to communicate more effectively, and why people don’t always seem to hear when they do communicate.

In those very same organizations people wish the leaders would communicate more often and/or more clearly. They often feel “in the dark” about decisions, plans and future direction.

In defense of the leaders, most often they do communicate, but often not very effectively. In fact, by definition, if the followers are not clear about what they have read or heard, then the communication hasn’t been effective.

One of the areas where the gap is widest is in communicating decisions. Decisions are made (or followers think or assume they have been made), but the communication of those decisions is ineffective or incomplete.

The List

In working with a Management Team recently we examined this challenge and found a document that outlined some things to consider when communicating decisions. What follows are seven questions (with some commentary) to help you successfully communicate decisions within your organization (and beyond).

What are the key points or major messages you want to share when communicating the decision? Outline these points ahead of time. If each member of a leadership team is communicating individually, creating a common list of key messages is even more important. What do you really need to communicate about this decision?  Read more...

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