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Showing posts from October 3, 2016

Education: A tool for social development

“Learning gives creativity, Creativity leads to thinking, Thinking provides knowledge, and Knowledge makes you great.”   A.P.J. Abdul Kalam Education is the best tool for social development. Education is important not only for development of one's personality, but also for the sustained growth of any society. It is the foundation on which the development of every citizen and nation depends. Government of India has launched many programmes to promote the basic education and eradicate illiteracy.             India is the seventh largest country in world in term of area and second largest in terms of population but in India most of the people are not able to read and write. A person aged seven and above, who can both read and write with  understanding of any language, is treated as literate. As per 2011 Census, the overall literacy rate of India is 74.04%. The difference between the highest and the lowest literacy...

SANSKRITIZATION

It was M.N Sriniwas who first talked about the concept of sanskritization in Sociological literature .He tried to explain the structure of caste system and stratification in Indian society. He showed how the members of lower caste emulate the way of life of the upper castes in order to attain a better status in the caste stratification, and they are succeeding in their efforts also. As a result there is a distinct change in caste of lower castes Later on sociologists modified this concept to interpret the process of cultural mobility in the context of the conventional Social fabric of India Giving the interpretation of Sanskritization Dr.M.N Sriniwas   has written in his book Social change in Modern India that Sanskritization is that process through which some lower Hindu caste or tribe or any other group changes direction towards an upper caste by changing its customs and traditions, rituals, Ideologies and life Style” Dr.Sriniwas has also written that “Sanskriti...

ONE PERSON COMPANY (OPC) - A NEW BUSINESS VEHICLE UNDER COMPANIES ACT, 2013

The concept of One Person Company has been in existence in the European countries.  Thelandmark judgement of House of Lords in the case of Salomon vs.  Salomon & Co. Ltd. [1896] UKHL cemented the way to the idea of a one man company .   In India the concept of One Person Company is a new vehicleof business, introduced by The Companies Act, 2013. One Person Company is a hybrid of Sole-Proprietor and Company form of business, and has been provided concessional requirements to incorporate under the Act. Companies Act, 2013, defines OPC Section 2(62)  as a company which has only one person as a member. OPC can be registered only as a  private company  which means that all the provisions applicable to private company will be applicable to an OPC. Section 3 (1) (c) of company Act, 2013 provides that - A company may be formed for any lawful purpose by one person, where the company to be formed is to be One Person Company that is to say, a private ...