July 2009 - Posts - Initial Private Opinion

July 2009 - Posts

Disclosure of illness of company director

Posted by Sandeep Parekh at 
It is a hot question internationally. Should the director/top management and the company be obliged to disclose the ill health of such director/top management where the fate of the company is tied to the health of such senior director/executive? The topic has gained currency with the health of Steve Jobs - which investors tie to the fate of Apple Corp...

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ICICI - come here and sue me

Posted by Sandeep Parekh at 
It seems ICICI Bank has sued a senior officer of HDFC Bank for saying that it tries hard to avoid recruiting ICICI employees because of its aggressive culture. I have written several posts about the crooked and hopeless culture of ICICI bank in the past - come here ICICI and sue me for stating the following: a) for stealing my money (misappropriating...

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Indian Budget 09 - early thoughts - stock markets

Posted by Sandeep Parekh at 
The budget speaks of creating deeper public capital markets: " 39. The average public float in Indian listed companies is less than 15 per cent. Deep non-manipulable markets require larger and diversified public shareholdings. This requirement should be uniformly applied to the private sector as well as listed public sector companies. I propose...

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Indian Budget 09 - early thoughts - STT

Posted by Sandeep Parekh at 
The Indian Budget 2009 has abolished the Commodity Transaction Tax, a tax on every transaction in the commodities markets. What is interesting is that the Securities Transaction Tax, a similar tax on securities market transactions, has not been abolished. This blog has maintained support for the STT even while economists have called it a 'sand in...

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SEBI - industry representation in SEBI

Posted by Sandeep Parekh at 
In a welcome change, SEBI has appointed someone from the market as an executive director. See SEBI Press Release here: "Shri K.N. Vaidyanathan takes charge as Executive Director, SEBI Shri Kavasseri Narayanan Vaidyanathan took charge as Executive Director, Securities and Exchange Board of India in Mumbai today. Prior to this assignment, he was...

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