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S Sundar Raman Profile picture
@ssundarraman
Sep 24, 2019 • 4 tweets • 2 min read • Read on X
Good opportunity to give presentation on Analysis if Financial Statements for the Gst Audit officers of madurai Image
#of
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More from @ssundarraman

S Sundar Raman Profile picture
Apr 17, 2022
In the year 2002 - 2004 under the leadership of GN Bajpai, SEBI introduced Corporatisation of all Stock Exchanges. BSE / NSE etc all become a separate listed company. Public can hold its shares, Traded in other SE except on its own platform.
During 2005-2008 Capital Issue Guidelines, including provision on misuse of P-Notes was introduced when Shri Damodaran was it's Chairman.
International best practices introduced in revamping Capital issue Guidelines, notably reducing timelines for IPO, ASBA during Bhave's period.
From 2011 to 2017 SEBI's norms to revamp players ended the role of many Regional Stock Exchanges.

2017 -22, Unde Ajay Tyagi period Sebi introduced a lot of tightening of regulations relating to disclosure, Corporate Governance.
Read 5 tweets
S Sundar Raman Profile picture
Apr 17, 2022
The Securities and Exchange board of India, namely SEBI formed on 4th April 1992 by the enactment of SEBI Act, 1992.

In its 30 yrs of Journey, there are huge development in regulating the Securities Market
#SEBI #30yrsSEBI @SEBI_India
@nsitharaman @nsitharamanoffc @FinMinIndia
Multiple times Issue of Capital regulations has undergone a change.

It made great initiatives in regulating Brokers, and other market Intermediaries. Contributions of Shri Dave, Chairman of erstwhile CCI who played a crucial role in setting up the office in Mumbai is commendable
Shri GV Ramakrishna who was holding the chairmanship when the SEBI was accorded statutory powers in 1992. NSE @NSEIndia was established in 1992.

It is worth noting #harshadmehta scam broke out during this period.
Read 9 tweets
S Sundar Raman Profile picture
Jan 24, 2021
How FDI us beneficial:

Assume there are 40 individuals in an island. They have no outside connection. They start business and trade among themselves. The existing money will keep rotating in the small economy.
Now to increase the size of the economy, we need new money, new ideas and new skills flowing into the island. This is done through FDI. FDI inflow supplements domestic capital, as well as technology and skills of existing companies.
Ex: Kia Motors invests Rs. 400 crores in India
This is paid to people of India, apart from the existing money already circulating. When factories are constructed, at least some local labour, materials & equipment are utilised.Once the construction is complete, the factory will employ some local emplys & use local mtrls & ser.
Read 11 tweets
S Sundar Raman Profile picture
Jan 23, 2021
@RahulGandhi
Claimed today in his speech in tamilnadu MSMEs that he will raise issues when in opposition:
Congress leader Rahul Gandhi has not attended a single meeting of the Parliamentary Standing Committee on Defence since its formation as part of the 17th Lok Sabha last year
In fact, BJP has 44 names among the top 50 MPs with highest attendance. Congress,on the other hand, has zero.According to PRS india, in 2014-19, No.of questions raised by RG=0. He has participated in 14 debates in total as against National Avg of 67 debates & UPs MP avg of 109.
Even in this 2019-2021 period, he has participated in 2 debates as against National Average of 19 debates and UP state MP average of 34 debates. How will he raise issues and solve problems? @KTRaghavanBJP
@blsanthosh @CTRavi_BJP
@nsitharaman
Read 4 tweets
S Sundar Raman Profile picture
Dec 29, 2020
Dear @IncomeTaxIndia
While we are thankful for the timely update, request you not to compare two inappropriate data & give false impression.
1.Tax Audit due date for FY 1819 is 31st Oct.
2. Non tax audit due date for FY 1819 was extended to Sept. @nsitharaman
2/4
 3. With the data like 2.45 crs ITR 1 returns, can you give how many took advantage of new tax scheme and benefitted useful for public to appreciate.

4. Can you also share how much tax amount collected. How many paid online. How many manually through banks?
3/4
 5. Of the total payment with your y2y comparison how many paid using online vs manually through banks. Because many banks not cooperating for tax payment, saying server down, go to that branch, this branch, we are taking the challan for payment all-around
Read 6 tweets
S Sundar Raman Profile picture
Sep 30, 2020
@cbic_india @nsitharaman @FinMinIndia @narendramodi
While we respect your process, making a last minute announcement, not sure you are going to do one, you are not showing lessons to CAs, you are disrespecting the tax payers of the country.
Due to corono/ while MCA takes a stand to extend the AGM time limit, understanding the difficulty in completing the audit, the Ministry Officials are still contemplating is there any difficulty at all , is the way we can assume things.
It is because of these incidents we are loosing the goodwill sometimes.

I request Hon'ble madam @nsitharaman to kindly intervene and grant suitable time for filing the GST Audit reports.
Read 5 tweets

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