Fiscal Crimes setting off Provisions of Article 39 a, 41,45, 46
Adequate means of livelihood of Art.39 {a} , Right to work, to education and to public assistance in cases of underserved want under Art.41,45,46 ever stands unimplemented since SFIO located 12 above Companies preferred I.P. each resulted in non repayment of Bank Loans ranging thousand of Crores. Total Bad Debts identified are worth above 8 lakh Crores. These are in addition to multiple Lakhs being held /allowed as Overdues in Hundreds of Companies/Business Houses in each State.
These Fiscal Crimes are in addition to the High volume of Thousands of Crores worth Taxes and duties that are avoided and held in Concealed Wealth and , are in addition to the Black Money bagged through Corruption in other Government Fields and ; AND ; Robbery of Natural Treasure like Minerals, Metals, Coal and Forest produces .
IPC 120 ‘B’ and other Sections of Financial Crimes, Offences, Frauds, need to be amended to arrest increasing Bad Bad Debts/Overdues imposing punishments to R.M. ; Z.M. ; G.M. of LHO categorising overdues of Short Term Loans , Long Term Loans , Bridge Loans fixing limitations of Over Due periods like 6 months ; 12 months ; 24 months.
CEOs of Banks ; Auditors of Companies and Banks ; are to be specifically set for accountability for all Overdues of above 24 months i.e., 2 years irrespective of the value of such Bad Debts whether in lakhs OR Crores since these are the controllers of Public Funds/Finances and caretakers of Shareholders/Investors . Otherwise, Indian Economy, Public Finances ever get looted and Swindled .
The Directors’ s limited liability under Companies Act is also to be re regulated to impose such responsibility and accountability when the Shareholders and banks are deprived of their Basic Investment/ Lending.
Misappropriation, Misuse, diversification of Funds , befitting Subsidiary Concerns, Ancillary Units, Sister-concerns , all those where the Promoters , Directors are interested either directly or indirectly have been opted by Companies and Business Houses and S.C. TOO NEED TO ADDRESS THIS ISSUE ACCORDINGLY and stop relieving/relaxing the Directors from their absolute responsibility while performing their role as Director in the management . Serious Fraud Investigation Office also need to be re regulated setting a division to deal the cases of below 50 Crores Frauds , making even One 50 Lakhs as a Serious Fraud .
Otherwise, neither the State as a whole , nor the individual States can enforce the Constitutional Mandates of Education , adequate means of Livelihood , right to work, Employability EXCEPT CONTINUING THE FREEBEES ; Subsidies ; Grants ; etc., with set nexus and never ended Financial Frauds and Loots that ever instigate all Bodies , all Businesses and, including the Judiciary as are already evident . more
These Fiscal Crimes are in addition to the High volume of Thousands of Crores worth Taxes and duties that are avoided and held in Concealed Wealth and , are in addition to the Black Money bagged through Corruption in other Government Fields and ; AND ; Robbery of Natural Treasure like Minerals, Metals, Coal and Forest produces .
IPC 120 ‘B’ and other Sections of Financial Crimes, Offences, Frauds, need to be amended to arrest increasing Bad Bad Debts/Overdues imposing punishments to R.M. ; Z.M. ; G.M. of LHO categorising overdues of Short Term Loans , Long Term Loans , Bridge Loans fixing limitations of Over Due periods like 6 months ; 12 months ; 24 months.
CEOs of Banks ; Auditors of Companies and Banks ; are to be specifically set for accountability for all Overdues of above 24 months i.e., 2 years irrespective of the value of such Bad Debts whether in lakhs OR Crores since these are the controllers of Public Funds/Finances and caretakers of Shareholders/Investors . Otherwise, Indian Economy, Public Finances ever get looted and Swindled .
The Directors’ s limited liability under Companies Act is also to be re regulated to impose such responsibility and accountability when the Shareholders and banks are deprived of their Basic Investment/ Lending.
Misappropriation, Misuse, diversification of Funds , befitting Subsidiary Concerns, Ancillary Units, Sister-concerns , all those where the Promoters , Directors are interested either directly or indirectly have been opted by Companies and Business Houses and S.C. TOO NEED TO ADDRESS THIS ISSUE ACCORDINGLY and stop relieving/relaxing the Directors from their absolute responsibility while performing their role as Director in the management . Serious Fraud Investigation Office also need to be re regulated setting a division to deal the cases of below 50 Crores Frauds , making even One 50 Lakhs as a Serious Fraud .
Otherwise, neither the State as a whole , nor the individual States can enforce the Constitutional Mandates of Education , adequate means of Livelihood , right to work, Employability EXCEPT CONTINUING THE FREEBEES ; Subsidies ; Grants ; etc., with set nexus and never ended Financial Frauds and Loots that ever instigate all Bodies , all Businesses and, including the Judiciary as are already evident . more
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Parliamentary Panel recognized Standing Committee [Finance] questioning why RBI did not identify NPAs before 2015 . This committee also concluded that the Role of RBI was not as is to be. NPA increase as found in the period 2015 to '18 that amounted to 6.2 Lakh Crores is only the result of misuse of Bank Finances before 2014 in UPA period . This proves that it is the fact as to why people opted to refuse, decided to reject and defeated in 2014 Elections having witnessed the several increases in the Financial offences, Frauds and Crimes starting from the very PDS , Subsidies, Grants and Loans together with the loot in many States while the Judiciary was set insufficient and inadequate stacking Thousands of Cases in each State . The cheating by Financial Institutions since last 1 and 1/2 decades looting public savings and funds turning their Board all of a sudden AND, THE FAILURE OF GOVERNMENTS IN CURBING SUCH PUBLIC ROBBERY WHILE THEY ARE DEPRIVED FROM EDUCATION AND EMPLOYABILITY . Even now, the Governments AS WELL AS THE SUPREME COURT NEED TO REALIZE THEIR RESPONSIBILITY TOWARDS IMPLEMENTATION OF THE LIFE PROVISIONS OF EDUCATION AND ADEQUATE MEANS OF LIVELIHOOD TO THEIR CITIZEN honouring and enforcing strictly and promptly the Constitutional Mandates . more
Aug 30
60 Companies now getting into ' NCLT ' proceedings under Insolvency with 3.5 Lakh Crores worth ' NPA ' of certain Banks . The increasing Financial Frauds and Offences and the Multiple Lakhs of Crores involved allover, need Financial Emergency to unearth and Seize back by the Government. Otherwise, the Poverty Status as at 2011 ; disability and depriving of the majority from Adequate means of livelihood ever challenge the Life Article 21 , and , Loot of Public and Government Funds, Finances, Income and Wealth will never be ended . This creates inability in any Government to carry the Constitutional Mandates to its Citizen and, cannot set right the Economic and Social Status/Standard in the Country . more
Aug 29
The increasing Financial Frauds and Offences and the Multiple Lakhs of Crores involved allover, need Financial Emergency to unearth and Seize back by the Government. Otherwise, the Poverty Status as at 2011 ; disability and depriving of the majority from Adequate means of livelihood ever challenge the Life Article 21 , and , Loot of Public and Government Funds, Finances, Income and Wealth will never be ended . This creates inability in any Government to carry the Constitutional Mandates to its Citizen and, cannot set right the Economic and Social Status/Standard in the Country . more
Aug 26
