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Dear Nbd General,
Some leaders would go to any extent to be in the news, even hide facts to
sensationalize an issue.
Congress Spokesperson Randeep Surjewala has stated that BJP leader had not told
the court that the Young Indian was a not-for-profit company and its Directors
and Stakeholders can not make any profits.
"Both Mr Subramanian Swamy as also he colleagues in the Bharatiya Janata Party
forgot to tell the court that Young Indian is nothing but a not-for-profit
company under section 25 of the Companies Act, identical provisions contained
in the new Companies Act," he said.
"Principle foundation of a not for profit company and pre-requisite is that
none of the directors or share-holders can claim any remuneration, salary or
other cash or other emoluments. It is also a pre-requisite that no profit or
dividend of any nature can ever be given to any share-holder. It is also a
pre-requisite that any income or sources of any not-for-profit company have to
be necessarily utilized for the defined objects of the company," he added.
"May I also point out to you that the defined object of the Young Indian, if I
were to contextualize, in a few words, is to ensure preservation of democratic
institutions in our democratic polity, ensure preservation and protection of
the fundamentals of secularism and ensure the propagation of thought process,
ideas and ideals of father of the nation Mahatma Gandhi and founder of
Associated Journals Ltd Pandit Jawaharlal Nehru," he stated.
"Entire set of allegations are blatantly slanderous and need to be rejected
with the contempt they deserve," he said, dismissing the allegations made by
Shri Swamy.
<https://www.youtube.com/watch?v=8OcL2reJGWo&elq=8c72401c20de432f9d3e1a49190ff89e&elqCampaignId=162>
Please forward this mail to your friends so that they also know the truth.
Jai Hind!
Digital Team
Indian National Congress
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