Thursday, September 13, 2007

If you want to divide 100 by 15, you can do a repeat division. 100 by 15 is 100 by 5 and the result by 3. So 100 by 5 is 20, and 20 by 3 is 6.67. This principal can be used for other situations where the first divisor is a complicated divisor.

Wednesday, September 05, 2007

Every crisis has a positive. In a crisis situation, one should try to see the emerging possibilities that has been rendered possible which otherwise would not have been there. And then try to exploit it to the maximum. Every crisis can be converted to a positive story.

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SEBI Acts, and financial acts in India use latin freely, like Pari Passu which means at the same time", and by extension also "fairly", "without partiality". This term is also often used in bankruptcy proceedings where creditors are said to be paid 'pari passu', or each creditor is paid pro rata in accordance with the amount of his claim. Here its meaning is 'equally and without preference'.

The law drafters can very easily say without preference instead of Pari Passu. Why do they have to complicate? Is it to show off intellectual superiority, or make the law dependent on lawyers?

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