Book Review - Ignited Minds By Shree A.P.J Abdul Kalam

The title for this book ‘Ignited Minds’ suits it perfectly. As it really Ignites ones mind. The book covers every aspect which is yet to be explored and discovered by us as a Nation. 

Nations consist of people and with their effort, a nation can accomplish all it could ever want. Motivating India’s youth especially, is the central theme of Ignited minds

The beauty of this book lies in the fact that, while emphasizing on the technological development of nation to make India stand in the elite group of developed Nations. The author also drew attention on social and cultural aspect. The author mentioned how spiritual education along with Knowledge can create wonders.

The book talks about how one should integrate our cultural and social values (ethics) with modern thinking, Enthusiasm of youth. This integration will produce potential leaders, Role models for tomorrow which will have integrity, respect and the thought of  “Nation comes first” embedded in their hearts and minds.

In the nine chapters of this book the author take up various themes. He begins with a rumination on peace, without which there can be no progress. Further, there is a chapter based on his interaction with children all over India. Other chapters contain the insights he gained in his meeting with saints and seers, scientists, outstanding teachers and others. 

The reader feels connected to the wisdom that is so special to this soil when he/she goes through these nine chapters.

It gives us insights about the problems, hindrances India faced through its development phase after Independence and how this great country overcome all those hurdles. The visionary thoughts of Dr. Kalam will act as guidance and will help us to serve our country in the best possible manner.

Whom should read this? Suitable Audience

This book contains language with deep meanings which requires some level of maturity to get understood in the same manner in which the author is trying to.

This book is a must-read for anyone who wants to have a peek into the great potential our country has, the diversity which makes it so rich, the great potential which is hidden in the various corners of the country and how the realization of one’s higher self within us and the faith in our dreams can take us to places.

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Igniting Minds is all about breaking away from the forces that would prefer selling cheap labour and raw materials and providing a large market for goods and services of other nations. It is about developing that conviction in ourselves, and discarding the things that hold us back.

Dr. Kalam writes, embed the thought 

“Nation is bigger than the Individual” in the minds of the leaders and people. And when they recite this, I see the developed India.

Borrowing Powers of a Company

A company needs money to finance its activities from time to time. A part of this requirement is met by the issue of shares, for the rest the company has to resort to borrowing.

Every trading company has implied power to borrow money for the purposes of its business. Non-trading companies must be expressly authorized to borrow by their MOA (Memorandum of Association) & AOA (Article of Association).

• A private company is entitled to borrow immediately after its incorporation.

• A public company cannot borrow until it secures the certificate to commence business.



Borrowing by a company may be -

• A borrowing which is ultra vires the company or

• A borrowing which is intra vires the company but ultra vires the directors i.e. beyond the scope of the authority.



Borrowing which is Ultra Vires the Company

If a company borrows money beyond its express or implied powers, the borrowing is ultra vires the company and is void. No debt is created and the securities given in respect thereof are inoperative and void, and no ratification can render the debt valid.

• Lender’s rights when borrowing is ultra vires.




Borrowing which Ultra Vires to the Directors

• If the borrowing is in excess merely of the powers of the directors but not of the company, it can be ratified and rendered valid by the company.

• In such a case, the loan binds both the lender and the company as if it had been made with the company’s authority in the first place.

• If the company refuses to ratify the directors act, the normal principles of agency apply.