Rules, Regulations, Compliances, Corporate Governance, Transparency for Others, AHOY, “Not for Sucheta Dalal, LL.M”

Rules, Regulations, Compliances, Corporate Governance, Transparency for Others, AHOY,  “Not for Sucheta Dalal, LL.M”

When you read her print and digital stories, you tend to feel that she is a lady messiah of the Corporate Governance and Transparency.  But if you carry that feeling, you are mistaken !.

Under the mask of Lady Messiah, earlier she had held positions with SEBI and Ministry of Corporate Affairs, besides being a journalist and columnist, as per her CV.

In Our Findings We can say that, She Only Preaches, but never practices !!!

How? Just see for yourself the activity of Lady Messiah Sucheta Dalal !!

Quite contrary to her writings, she has chosen the name of “Money Life” as her 'umbrella brand'. Money life publishes a magazine and also has its website with URL http://www.moneylife.in/.

Interestingly their website http://www.moneylife.in/ under the URL http://moneylife.in/about_us.html

boasts that, Money life is a fortnightly magazine with unique features and powerful pedigree. It empowers the individual to invest and spend wisely by offering hard facts, insightful opinions, unbiased options and useful tips from the world of money. Moneylife is essential not only for those early in the earnings-spending-investing cycle but also those wanting to optimize their value of investments and plan for a financially trouble-free education, marriage and retirement.

Underline the mention of offering hard facts.

Now take a look at her website URL for Contact Us Address  (http://moneylife.in/contact_us.html).

Since the website address can be changed any time, we have downloaded a copy of the same and keeping it here for record purpose.

click on the above for a better view. Address as shown in Website

When you look at the above, you tend to get a feeling that the above is the registered office address of the company.

Whereas the registered office of the company is different, which is as follows as per Ministry of Corporate Affairs filing. Take a look at the below given link.

click on the above to see where their registered office is located

Where are the facts presented by them properly?. In contrast violated the Companies Act 1956 by not showing their Registered Office Address in their Official Website.

As per ROC norms, mentioning of registered office of a company is a must.

Norms post incorporation are as follows:-

Click on the above to know, post incorporation, the need for a company to show their Registered Office Address as per Rules

Now when you read the above and want to come to a conclusion, what you can derive from the same.

1)   Moneylife contact us Co-Ordinate is Moneywise Media Pvt.Ltd. Their Website gives an altogether a different address. Doesn’t provide its Registered Office address. Normally the address provided by them tend to be perceived as registered office address.

2)   Whereas ROC filing confirms that their registered office address is different.

3)   Do you find transparency in the actions of Sucheta? (or) Do you find Corporate Governance being followed by her when it comes to her own company?

What do you call it, if not an act of violation.