Somasekhar Sundaresan is a lawyer who specializes in financial sector regulatory work. He is involved in Indian public policy and regulatory development initiatives, with participation ranging from the Financial Sector Legislative Reform Commission to writing regulations on insider trading, takeovers, corporate governance, foreign capital flows and the like. He gets away from it all with yearly expeditions to the mountains and writing for the common man on law, its delights and perversities. He writes a fortnightly column Without Contempt in Business Standard and sits on the board of Oxfam India as an independent director.
A breakdown as one would normally understand it, involves a loss of mental or physical health, a collapse and more importantly, a loss of the ability to function properly. A simple look at the full video (yes, it takes 15 minutes to see this in full length, if one cares to) would point to no breakdown at all.
In my column "Without Contempt" in <em>Business Standard</em>, I wrote about the disconnect between the business regulatory framework in India and what businesses actually need for growth and success. I placed the thesis in the context of the resounding commercial success of empires of gurus. Now, the subject of gurus presiding over wealthy empires is a prickly and sensitive subject. That commercial success is itself seen as stigmatizing in India, is borne out by some of the tweets that my column attracted from devotees of gurus...
A book on how law firms operate is rare, particularly because of the inherent confidentiality obligation that binds lawyers. Yet, Ranjeev Dubey has taken the risk of writing a somewhat hyperbolic tell-all titled <em>Legal Confidential: Adventures of an Indian Lawyer</em>, largely narrating the story of how commercial law is practised (although he does risk confidentiality in the process).
The Delhi Police with its excesses, the black-coat-wearing assailants in Patiala House, and the hate-mongering television 'news' anchors have achieved what folks like EMS Namboodripad, Jyoti Basu, Inderjit Gupta, Prakash Karat, Gurudas Dasgupta, Sitaram Yechury and the like, could never have achieved. No one would not have invested so much time in listening to the views of a young student given to a certain worldview had it not been for the insecurity and aggressive censoriousness of those holding the contrary opinion.
We lawyers are officers of the court. Our duty is to work towards the delivery of justice. We are merely agents of justice delivery and cogs in the wheel of justice. Getting delusional about our role is an occupational hazard. Physically assaulting anyone within court premises is a demonstration of being the lowest of the low in the profession.
SEBI's eighth chairman U K Sinha, considered a safe pair of hands across the political spectrum, has been granted another extension. The path ahead for the incumbent is challenging - there is much that needs sustained and long-term attention, even though he has just a year or so. There is need for course correction on some fronts, a sustained review of initiatives taken in the past five years, and the need for some fresh thinking.