ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Self-Reliance Still a Far Cry

April 4, 1970 this not be banned? Thirdly, the shell of a manufacturing company is used for stock exchange manoeuvres: should not the Companies Act be used to prevent this? Fourthly, this is not the only example where the status of a sterling company has been used to get round the provisions of the Companies Act, Is the Company Law Department too helpless to control such operations? Finally, one would like to know the basis on which it is possible to obtain the facility of paying tax in instalments from Income-tax Department. Is this knowhow saleable?

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