and forbids sell discipline in pricing and distribution. The Company law is another example. It has the most laudable objects and the newly proposed set of regulations is certainly motivated by the same considerations. For example, the provision regarding unscrupulous takeover bids is bound to have a salutary effect. On the other hand, provisions like further administrative controls, dividends, deposits, etc, will further hamstring Company managements. The danger of such regulations is that while aimed at unscrupulous elements, they basically affect the scrupulous because the unscrupulous always find a way to be a step ahead of the regulations.
