Who is Yakub Memon ??

Once named as the best chartered accountant by the Memon community, Yakub Abdul Razzak Memon is the first and only accused in the 1993 Bombay Blasts who will be hanged, on his birthday, July 30.

·         In 1986, Memon enrolled in the Institute of Chartered Accountants of India and completed study as a Chartered accountant in 1990

·         In 1991, Memon founded the chartered accountancy firm 'Mehta & Memon Associates' with his childhood friend Chetan Mehta.

·     The following year, they parted ways, and he founded another accountancy firm 'AR & Sons'. Named after his father, it was so successful that Memon won a "Best Chartered Accountant of the Year" award from the Memon community of Mumbai.

·      He also formed the export company 'Tejrath International' to export meat products to the Persian Gulf region and Middle East.

·         Memon did his M.A. in English Literature and Political Science in Nagpur jail through the Indira Gandhi National Open University.

·     Yakub’s accounting firm was responsible for maintaining the finances of Tiger Memon’s illegal operations, which included lucrative silver smuggling.

·  Yakub arranged finance for the entire 1993 terror operation and managed the disbursement of the money through co-accused Mulchand Shah, from a firm owned by Ayub Memon.

·         Not only that, he arranged the air tickets for the 15 youths who were sent for arms and ammunition training to Pakistan. He also made arrangements for their lodging and bought motor vehicles which were used while planting explosives.

·         He had illegal possession of explosives with a strong intent to attack and destroy lives.

·      He was first sentenced on July 27, 2007, by the Tada Court in Mumbai for the following crimes:

§      Criminal Conspiracy under Section 120 B of the Indian Penal Code.

§      Aiding, abetting and facilitating in a terrorist Act under Section 3 of TADA.

§      Illegal possession and transportation of arms and ammunition under Sections 5, 6 of TADA.

It is worth to note, no matter how much educated you are, education gets you a respectful life. By no means it should be misused. Motherland comes first, before anything.

Source : WIKI

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Negotiation skills !!

A father left 17 Camels as an Asset for his Three Sons.

When the Father passed away, his sons opened up the will.

The Will of the Father stated that the Eldest son should get Half of 17 Camels,

The Middle Son should be given 1/3rd of 17 Camels,

Youngest Son should be given 1/9th of the 17 Camels,

As it is not possible to divide 17 into half or 17 by 3 or 17 by 9, the sons started to fight with each other.

So, they decided to go to a wise man.

The wise man listened patiently about the Will. The wise man, after giving this thought, brought one camel of his own & added the same to 17. That increased the total to 18 camels.

Now, he started reading the deceased father’s will.

Half of 18 = 9.
So he gave 9 camels
to the eldest son.

1/3rd of 18 = 6.
So he gave 6 camels
to the middle son.

1/9th of 18 = 2.
So he gave 2 camels
to the youngest son.

Now add this up:
9 + 6 + 2 = 17 &
This leaves 1 camel,
which the wise man took back.

MORAL: The attitude of negotiation & problem solving is to find the 18th camel i.e. the common ground. Once a person is able to find the common ground, the issue is resolved. It is difficult at times.

However, to reach a solution, the first step is to believe that there is a solution. If we think that there is no solution, we won’t be able to reach any!

A very interesting management lesson.

Manager..and Kind...Nahh!!!!

A wealthy manager was driving in his car when he saw two men along the roadside eating grass. Disturbed by the sight, he ordered his driver to stop and he got out to investigate.

He asked one man "Why are you eating grass?"

"We don't have any money for food," the poor man replied. "We have to eat grass." "Well, then, you can come with me to my house and I'll feed you" the manager said.

"But sir, I have a wife and five children with me. They are over there, under that tree".

"Bring them along," the manager replied. Turning to the other poor man he stated, "You come with us also."

The second man, in a pitiful voice then said, "But sir, I also have a wife and seven children with me!"

"Bring them all, as well," the manager answered.

They all entered the car, which was no easy task, even for a car as large as it was.

One of the poor fellows turned to Mr. Manager and said, "Sir, you are too kind. Thank you for taking all of us with you."

The manager replied, "Glad to do it. You'll really love my place; the grass is almost 1 meter high!"

Lesson: Never trust managers... and there is nothing like KIND MANAGERS

Boss is THE BOSS !!!!

There was a king he had 10 wild dogs...
He used them to torture and eat all ministers who made mistakes.

One of the ministers once gave an opinion which the king didn’t like at all, so he ordered that the minister to be thrown to the dogs.

So the minister said,
"I served you 10 years and you do this..?

Please give me 10 days before you throw me in with those dogs!"
The king agreed…

In those 10 days the minister went to the guard that was guarding the dogs and told him he wants to serve the dogs for the next 10 days…

The guard was baffled…
But he agreed…
So the minister started feeding the dogs, cleaning for them, washing them, providing all sorts of comfort for them.

So when the 10 days were up…

The king ordered that the minister be thrown in to the dogs for his punishment.

But when he was thrown in,

Everyone was amazed at what they saw..
They saw the dogs licking the feet of the minister!

The king baffled at what he saw… Said:” what happened to the dog. !!!”

The minister then said;”
I served the dogs for 10 days and they didn’t forget my service…
Yet I served you for 10 years and you forgot all at the first mistake!”…

So the king realised his mistake

and

Got wolves instead

Moral : What management decides is decided.. Eventhough they are wrong, u will be screwed!

Some things are important !!!

SON: "Daddy, may I ask you a question?"

DAD: "Yeah sure, what is it?"
SON: "Daddy, how much do you make an hour?"
DAD: "That's none of your business. Why do you ask such a thing?"
SON: "I just want to know. Please tell me, how much do you make an hour?"
DAD: "If you must know, I make $100 an hour."
SON: "Oh! (With his head down).
SON: "Daddy, may I please borrow $50?"

The father was furious.

DAD: "If the only reason you asked that is so you can borrow some money to buy a silly toy or some other nonsense, then you march yourself straight to your room and go to bed. Think about why you are being so selfish. I work hard everyday for such this childish behavior."

The little boy quietly went to his room and shut the door.
The man sat down and started to get even angrier about the little boy's questions. How dare he ask such questions only to get some money?
After about an hour or so, the man had calmed down, and started to think:
Maybe there was something he really needed to buy with that $ 50 and he really didn't ask for money very often. The man went to the door of the little boy's room and opened the door.

DAD: "Are you asleep, son?"

SON: "No daddy, I'm awake".
DAD: "I've been thinking, maybe I was too hard on you earlier. It's been a long day and I took out my aggravation on you. Here's the $50 you asked for."

The little boy sat straight up, smiling.
SON: "Oh, thank you daddy!"
Then, reaching under his pillow he pulled out some crumpled up bills. The man saw that the boy already had money, started to get angry again. The little boy slowly counted out his money, and then looked up at his father.

DAD: "Why do you want more money if you already have some?"

SON: "Because I didn't have enough, but now I do.

"Daddy, I have $100 now. Can I buy an hour of your time? Please come home early tomorrow. I would like to have dinner with you."

The father was crushed. He put his arms around his little son, and he begged for his forgiveness. It's just a short reminder to all of you working so hard in life. We should not let time slip through our fingers without having spent some time with those who really matter to us, those close to our hearts. Do remember to share that $100 worth of your time with someone you love? If we die tomorrow, the company that we are working for could easily replace us in a matter of days. But the family and friends we leave behind will feel the loss for the rest of their lives. And come to think of it, we pour ourselves more into work than to our family.  

Some things are more important.

Upcoming Schedule for CA Final - ISCA Classes @ Hyderabad and Chennai

Hello friends ,

Attached the Schedule for ISCA Classes .

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Praveen