March 11, 2017

Enemy Properties Bill - Regressive

This is a regressive move ( China is the main enemy )
Pre 1947 Shares- Joint Listings in Pakistan India Wanted
When British India got divided in 1947 in to India and Pakistan many shareholders became citizens of one country and were holding shares of a Company which came under the other country.
After 1965 , share holdings of such unlucky shareholders were transferred to both countries Government Departments named , very perniciously " CUSTODIAN OF ENEMY PROPERTIES ".
Well , circumstances have changed. No body gains by remaining in an ENEMY Mode . Only some Promoters , by most ingenious processes , have given themselves extra gains ( at the expense on genuine holders who are , now , in Pakistan or Bangla Desh )
Of the Pre1947 Joint Stock Companies let there be Common Listings in both India and Pakistan


The Bill will only benefit unscrupulous Promoters with some shareholders in Pakistan and corrupt officials 

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