This morning I came accross an article on twitter under #Discover an article on www.livemint.com
" Policymakers must tighten rules on expense accounting "
LINK HERE
M/s Macquarie Research India (Pvt) Ltd a subsidiary of Macquarie Group Ltd ( An Australian firm)
I have come accross new items in media, where it is stated that the researchers at Macquarie Securities (Pvt) Ltd. have not refferred to HDFC ( HERE IS NORMS OF JOURNALISTIC CONDUCT of PRESS COUNCIL under subhead " Financial Journalism 1996 " ) at any given point of time before making their conclusions, that HDFC had wrongly debited ecpenses of interest on zero coupon bonds into " share premium account instead of " profit and loss account" , which is in my view, is baseless , unfair, unjustified and unethical.conclusion.
I have on public domain proved by quoting Sec 78 (2) (d) of The Companies Act 1956 that the 1st previous allegation by Macquarie is Baseless and Inaccurate.
