jaycee herald 201509
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Official LOM Bulletin of JCI Trichur - September 2015 EditionTRANSCRIPT
Index
a) Foreword
b) President’s Message
c) From the shelves of JCI Trichur Library -JCI Sen. Ranjith Kollannur
d) )Company Secretary writes–Jc CS. Ramachandran TM
e) A Surprise Call – Dr. Sangeeta Sudhir
f) Kids’ Corner
g) Achievements Corner
h) Photographs
i) Birthdays & Anniversaries in October
FOREWORD
September month came with celebration. JCI Trichur celebrated onam with great fervor. Onaghashom 2015 made a new benchmark for JCI Trichur celebration. All the jaycees put in their full efforts to make this event a grand success. We are proud the way Jaycee Herald is shaping up and I consider it as my proud privilege to be the Editor of this LOM bulletin of JCI Trichur. I request you to keep sending us your articles, stories, paintings, drawings, puzzles and other creative work so that our Jaycee Herald can be more colourful.
Thank you very much once again and happy reading.
JC Ajay Kumar
Editor
PRESIDENT’S MESSAGE
We are proud to have our eleventh issue of
Jaycee Herald. Jaycee herald is providing a
platform for all of us to put in your creative
efforts. Request you to keep contributing so
that this small effort can become a platform
for all budding talents.
Through the month….
It was Onam celebration time yet again!! And this is the
eleventh edition of Jaycee Herald!! Yes… Time really flies..
September month started off with JCI Trichur Onam
Celebrations. Onam Celebration was organized under the able
leadership of Program Directors, Ramachandran & Sharika.
There were variety entertainment programs, including Skit,
Onnapattukal, Onam quiz, Arm Wrestling, Flower
arrangements, Dubsmash and lots more to entertain the
members and the grand Sadya afterwards ensured that
members left the venue with their stomach and heart full.
Kudos to Ramachandran and Sharika for the wonderful
arrangements. The supporting role played by Jcrt. Chairperson
Swapna Manoj is worth mentioning here.
Luminanz- JJ & Jcrt Conference was hosted by JCI Thodupuzha,
8 members from JCI Trichur participated in the conference. We
were happy that we got four plus one – five recognitions for
our efforts from the Zone. The awards were:-
a) Outstanding Jayceerette winner – Jc. CA. Swapna Manoj
b) Outstanding Jayceerette wing – Runner Up
c) Recognition for Participation in Jayceerette week
d) Outstanding PR Programme of JJ Wing
Plus
Sarika Ramachandran and Madhav were the winner in the Mom
and Kid photo contest organized by the zone. It was a nice
feeling to be recognized for our efforts. Congratulations to all
of you who worked really hard.
Myself and Ranjith attended the award Orientation Seminar at
Aluva hosted by JCI Edappally, which reminded us that it is
time to bid for the Zone awards..
Our Prathibha Puraskar award ceremony continued during the
month and on 23rd September we gave away award in
Vivekodayam Boys Higher secondary school to Atul Krishna.
The recipient and his family were very much emotional on the
award function and really appreciated JCI Trichur for their
efforts.
Next, Prathibha Puraskar award function was at Sacred Heart
Convent Girls Higher Secondary School on September 29th. It
was a great show, with band set team guiding the award
winner Merlin Michael to the stage. This award function was
special for JCI Trichur, as our Zone President Jc. Sudhin Ashok
himself was the Chief Guest of the award ceremony. He lauded
the efforts of JCI Trichur and announced that Zone XX is going
to adopt the concept of Prathibha Puraskar and is planning to
have such award functions in all chapters across the zone. I
would like to thank PZP Jc. John Paul who brought in the
wonderful idea of Pratibha Puraskar and our IPP Jc. Jojo
Panthalookaran who took the initiative to execute such a novel
idea. The school management appreciated the effort of JCI
Trichur in providing these types of awards.
On 30th September we presented the Prathibha Puraskar award
to Miss. Krishna.P in NSS School. It was great to see a
grandmother accompanying the award winner to accept the
award.
Really appreciate all the members who participated in the
Prathibha Puraskar award functions and a special thanks to Jc.
Ranjith Kollannur who was the Programme Director for all
these three Prathibha Puraskar functions. Special thanks to Jc.
Sudhir Achuthan, who supported us to organize the event.
Jc. Ramachandran also qualified in the exam for JCI course on
Effective Leadership.. Congratulations.
I will tell you a story of my friend Monty Roberts.
As he was a kid, his father as a horse trainer was moving from stable to
stable, from ranch to ranch, training horses. Thus, the boy‘s school career
was constantly interrupted. One day, when he was a senior, teacher
asked him to write about what he wanted to be when he grew up. He did
not hesitate a minute and wrote seven-page paper about his aim to be an
owner of a horse ranch, he wrote many details and drew a location of
buildings and stables and even a detailed house plan.
Two days later he received his paper back with letter “F“on the page.
After class he came to teacher and asked: “Why did I receive an F?“. The
teacher responded: This dream is so unrealistic for a boy like you, who
has no money, no resources and who comes from a poor family. There is
no possibility that you will reach your great goals one day.“ Then the
teacher asked Monty to rewrite the paper with more realistic attitude.
The boy went home and asked his father, how he should act. The father
answered: „This decision is very important for you. So you have to make
your own mind on this“.
After several days the boy brought the same paper to his teacher. No
changes were made. He said: “Keep the F and I will keep my dream“.
Now Monty Roberts owns 4,000-square-foot house in the middle of 200-
acre horse ranch and he still has that school paper, which now is framed
over the fireplace.
Remember, you have to follow your heart and never let anyone take your
dreams away.
Dream it ! Wish it ! Do it !
Thanking you,
Yours truly
Jc HGF CA Manoj Kumar.M
President
From the shelves of JCI Trichur Library
Liar’s Poker by Michael Lewis
Publisher – Random House; Year of Publication – 1989; Pages –
298
Many of us have heard about the subprime crisis that broke US
housing and propelled the world into an economic crisis. How US
bankers would give housing loans to low creditworthy individuals
and then sell these loans to other banks bundling them with more
creditworthy loans and how these bundles were then insured and
then reinsured and resold and again insured and so on, creating a
huge corpus of assets in banks and insurance companies across
US and Europe.
All this is well and good since all the banks and insurance
companies got their commission on the number of transactions
that happened and so long as the loans kept getting sold and
insured they were minting money. Until the people who took the
original loan stopped repaying the loans since they could not pay
it back in the first place (Hence they were low creditworthy
individuals) making entire corpus non-performing for all parties
involved. With such a huge amount taken out of the economy,
banks did not have money to lend to businesses, which needed it
to employ and pay people thereby leading to a global economic
crisis.
Of course, I have put it in very simple terms, but the actual crisis
is much more complicated than that. But what is tragic about the
subprime crisis is that it was merely a reflection of what
happened twenty years earlier when US mortgages had similarly
collapsed on the weight of banking misuse done on housing and
car loans.
Liar’s Poker is an autobiographical account of an investment
banker with Salomon Brothers, the leading investment bank in
the US in 1980s. The 1980s saw Salomon Brothers specialize in
mortgage based securities which were based on mortgage loans
given by thrift banks in US to buy cars and other personal loans.
These securities were traded with the clients of Salomon with
Salomon profiting on each transaction.
But these mortgages were given out without proper analysis and
credit checking. Many banks got into trouble for this and had to
sell their loans at steep discount. As a result, many banks
collapsed and US government had to bail them out. What we saw
in the last decade was an amplification of what happened in the
1980s with a bit more of financial “innovation”. It shows us how
history’s lessons remain unlearned.
Michael Lewis gives an excellent review of the bond trading
market of the 1980s US. He also gives a very revealing insight to
the behaviour of the investment bankers (stock brokers in local
parlance) as they lie to their clients and cheat them so that their
company can maximize their profit. His former employers had to
deal with criticism because of the revelations in the book but not
much, since it was a widely known industrial practice. So, there is
little surprise when twenty years later, thanks to similar
opportunism by investment bankers the world economy again had
to go through another upheaval at the cost of public money.
Liar’s Poker works well as a tell-all book about Wall Street of the
“Greed is Good” era. Lewis leaves out nothing about the
underhanded dealings of the investment banks laced with a mix
of the internal politics and sarcastic humour to come up with an
entertaining autobiography.
JCI Sen. Ranjith Kollannur
[For more information on JCI Trichur Library, log on to
jcitrichur.org -> Individual Development -> Library]
COMPANIES CAN NOW ACCEPT FUNDS FROM
RELATIVES OF DIRECTORS
T.M. Ramachandran. BBS, LLB, MBA, FCS Company Secretary in Practice
1st FLOOR, SAJI NIVAS OPP. RDS LABORATORY
Dr. AR MENON ROAD, NAICKANAL THRISSUR, KERALA 680 001 INDIA
Mobile:- +91 98460 93998 E mail: [email protected]
NEW DELHI: Relaxing the norms for private companies, the government has allowed them to accept funds from relatives of the directors.
The latest move would also makes it little easier for companies to raise money for meeting their funding requirements.
Easing the Companies (Acceptance of Deposits) Rules, the Corporate Affairs Ministry has said that in case an entity receives money from relative of a director then the same should be disclosed in the board's report.
In this regard, the ministry, which is implementing the Companies Act, 2013, has issued a notification.
"... the director of the company or relative of the director of the private company, as the case may be, from whom money is received, furnishes to the company at the time of giving the
money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others and the company shall disclose the details of money so accepted in the board's report," it said.
With the latest move, the definition of 'deposit' excludes money received from a director or a relative of the director of the private company.
Besides, the definition of free reserves has been expanded by including securities premium account, according to the notification dated September 15.
"This means that all companies that are accepting deposits (based on prescribed percentage of paid-up capital and free reserves) will have the benefit of increase in their borrowing limits, and enhanced ability to accept deposits," leading consultancy PWC India said in a note.
The latest amendments are positive in nature and would go a
long way in fulfilling the funding requirements of business, it added.
In recent months, the government has made various changes to rules pertaining to the Companies Act, 2013 apart from amending certain provisions in the main law itself. These steps are aimed at making it easier for corporates to do business in the country.
“A Surprise Call” Dr.Sangeeta Sudhir ,BHMS.
It was a Monday, 2nd April 2012. School vacation had just begun
and my kids had already left for Trivandrum the day before.
Sudhir had left for office relaxingly after the hectic March. Even I
went to my clinic as usual at around 10 am.
As I was seeing my patients, I received a phone call at about 11
am. It was a regular patient who usually calls up for his regular
medicine. But that time he had called up for another purpose. He
told me that one of his friends wanted to consult me but he won’t
be able to come in person. So he asked me whether I would
agree for a telephonic consultation and dispense the medicine. I
agreed and told him that if required he may have to come in
person. Then I asked him the name of his friend so that I would
know when he called. He told me that the name of his friend was
Mohan Lal. I said “Ok” and decided to wind up the call. At that
time he interrupted me and told that it was the film star Mohan
Lal. I just couldn’t believe it and was very much surprised. I
thought he was just kidding. I thought even if he had seriously
told Mohan Lal to consult me why should he ever do that!!!
Exactly after ten minutes I received a phone call. The person said
that he was Antony – Antony Perumbavoor and whether it was
Dr. Sangeeta online. I gave an affirmative answer and then he
said that he was handing the phone over to Mohan Lal. I was
pinching myself to confirm whether it was true. And there he was,
Mr. Mohan Lal online saying a “Hello” and a “Good morning” . I
wished the same back, feeling very excited. He spoke of his
illness to me. He sounded very much the same as we hear him in
the movies. I enquired with him the details of his illness and
decided on his medicine. We spoke for ten to fifteen minutes
before winding up.
Mr. Mohan Lal was at Ernakulam in a hospital where his mother
was admitted. I felt privileged because being in the midst of
doctors in a hospital, he consulted me.
Before I could recover from the truth of Mohan Lal’s call, his staff
came to my clinic to collect the medicine in ten minutes. I gave
him the necessary medicine still being in the state of euphoria.
The whole episode got over in half an hour. I immediately called
Sudhir to share my happiness. Even he couldn’t believe it. After
that I called my parents and very close relatives. Nobody believed
it. Most of them thought that I was continuing to play an April
fool “prank “!!!
That day I was very busy with lot of phone calls pouring in to
enquire about my conversation with Mohan Lal.
Unfortunately I did not get a follow up after the treatment. But I
am happy that in my career, one of my favourite actors consulted
and took treatment from me. I would cherish these moments
forever.
Its past three years now. Mr. Mohan Lal would have forgotten me
but I would still remember how his phone call made my day
special!!!
I would like to immensely thank this magazine and Sudhir for
motivating me to write this article. If not for them I wouldn’t have
penned down this incident and nor would have expressed it.
JCI Sen Sudhir Achuthan accepting First sale in the Newly opened Berger showroom
NOTE FROM THE EDITORIAL BOARD:- ALL JC MEMBERS, JCRTS AND JJs ARE REQUESTED TO SEND US THEIR ENTRIES, IF ANY, TO BE INCLUDED IN THE ACHIEVEMENTS CORNER. SEND IN YOUR MATTER, NOT EXCEEDING 5 LINES, TO OUR EMAIL ID [email protected]
AACCHHIIEEVVEEMMEENNTTSS
CCOORRNNEERR
JJ&Jcrt Conference in Muvattupuzha
PrathibhaPuraskar at Sacred Heart Convent Girls High
School – ZP Jc. Sudhin Ashok Presented the award on
29.09.2015
BiRTHDAYS IN THE MONTH OF OCTOBER
NAME Date of Birth
Sony Jose October 13
Dr. K J Varghese October 14
CS. Ramachandran T M October 30
ANNIVERSARIES IN THE MONTH OF OCTOBER
NAME WEDDING DATE
Sony Jose & Reeni Sony October 25
We Know the above names are not complete, please
provide your family members date of birth and
anniversary date to [email protected], so
that a complete list can be provided.
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