Memo to GoI CLB: India discovered the Zero, and 51% of Zero is still Zero

March 10, 2009 — drsubrotoroy

We in India are justly proud to have once discovered the Zero, which arose, as far as I recall, from a philosophical notion of possible Nothingness (Shunya), though of course there is a long history that came to follow in Indian mathematics.

The Government of India’s Company Law Board (and the pompous honchos they have gone about appointing here and there) may need to be reminded that by any system of mathematics, 51% of Zero still remains, uhmmmm, Zero.

Bankrupt companies get sold for nominal prices like Rs 100 or perhaps $2.  But of course it is not impossible a notorious Government contractor or two will pump money in as a backdoor public subsidy aimed at creating a zombie.

Subroto Roy

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Posted in Accounting and audit, Bankruptcy, Corporate Finance, Corporate fraud, Corporate Governance, Government of India, India's corporate finance, India's corporate governance, India's corruption, India's crimes, India's zombie companies, Indian mathematics, Satyam corporate fraud, Zero, Zombie companies. 1 Comment »