woic

WOIC; Law Draft for Wholly Owned by Indian citizens Company . This law has 2 sections. The first section restricts foreign investment (FDI) in sensitive sectors of India and only allow "companies wholly owned by Indian citizens" to do business. And the second section creates the necessary regime for the production of (Made in India Made by Indians) indigenous weapons in India. This law can be notified in the gazette by passing it with simple majority in parliament. If this law violates any agreement of the World Trade Organization (W.T.O.), then W.T.O. can terminate India out of the agreement, or Prime Minister can do a notification to withdraw India from the W.T.O. agreement. #WoicRrp . Comments are not a part of this law. Citizens and officials can use the comments for guidelines. . Section - A; Provisions for restrictions on foreign companies in important sectors

Any company can register itself as Woic i.e. 'Wholly Owned by Indian Citizens Company'. Woic company means any company in which 100% of the shares are held by Indian citizens or Government of India or any other Woic company, and no shares of such company are held by foreigners. .
No individual may buy shares of any Woic company other than the following: Any Indian citizen who is above 18 years of age Any NRI (Non Resident Indian) citizen above the age of 18 years Any company registered as a Woic Central, state or local government of India .
Only an Indian citizen can be a director, chairman or partner of a Woic company. .
If a partner of a Woic company takes citizenship of another country, then he will have to sell his shares within 3 months, or after the expiry of the period, the registrar will auction those shares and after deducting the auction fee the money generated from the auction will be given to such a citizen. The Woic company will give updated information to the Woic registrar about complete details of the ownership of the company every month. .
Every minister, MP, MLA, judge, and government employee shall declare how much shares they have in which Woic or non-Woic companies. .
Jurisdiction of Woic Companies and Restrictions on non- Woic Companies: A non-Woic company will not be able to buy any land or construction in India, and will also can not be able to take these on rent for period exceeding 10 years. A non-Woic company will neither be able to buy mines and agricultural land nor will it be able to take them on rent. A non-Woic company will not be allowed to open a bank in India or any financial company that accepts deposits. Only Woic companies will be able to make food items (which are not medicines). Banks will be able to give loans only to the Woic company. Only Woic Company will be allowed to work in the Mining and Power sector. Only Woic companies can open educational bodies, education boards, schools and universities. Only Woic companies will be able to work in the field of communication, media, railways, satellite, defense production and non-Woic companies will not be allowed to do business in these areas. Communication and media includes all visual and audio media such as newspapers, magazines, channels, films, Internet services, social media, telecommunications. Defense production includes the manufacturing of all types of weapons and military equipment. [Comment: If any Clause of this section violates any agreement of the World Trade Organization (W.T.O.), then W.T.O. can terminate India out of the agreement, or Prime Minister can do a notification to withdraw India from the W.T.O. agreement.] . Section - B; Provision for promotion of indigenous weapons manufacturing
Defense Minister will publish the definitions of the following weapons: Small Guns. Medium sized guns. Large Sized Guns. Howitzers and other types of howitzers Tanks and other types of tanks. Cartridges, shells and their types. Missiles and other types of missiles. Fighter aircraft and their other types. Nuclear weapons and their types. Chemical Weapons and Their Type. Biological weapons and their types. Other categories of weapons and their types. .
The Defense Minister will determine and publish the following three categories of weapons: Category I: Weapons for which registration is not required. Category II: Weapons for which registration is mandatory but no licence is required. Category III: Weapons for which a license is required. .
The Defense Minister will put the following weapons under the "Category II" = ‘registration is mandatory but no licence is required’ list: Small Guns. Medium Sized Guns. Large Sized Guns. The Government of India will make public the designs of INSAS rifles, 303, 202, 22 revolvers and all guns used by the Indian Police which are of "inferior than INSAS" Standards. Any citizen can start a factory for manufacturing guns or gun parts or gun bullets with this design, without any licence, only by registering. Any citizen can also make a bullet proof jacket. .
The Defense Minister will release a list of weapons that do not require registration or licence. The Defense Minister will put the following weapons under Category III = License Required List: Permitted howitzers and their types. Permitted tanks and their types. Permitted missiles and their types. Permitted cartridges, shells and their types. Permitted fighter aircraft and their types. Other categories of weapons accepted and used by the military Nuclear, biological and chemical weapons and their types. .
The Defense Minister will issue necessary instructions to Wholly Owned by Indian citizens Companies (Woic) for the production of weapons for which only registration is mandatory. The Defense Minister will ensure that what information will be made public by these companies and which information will remain secret with the Ministry of Defense. The Defense Minister will also direct what information these companies will have to publish and which information companies can keep secret with themselves. .
Companies which are not wholly owned by Indian citizens, it will be mandatory for such companies to take registration and license for the production of weapons of all three categories and any other category. .
If there is a dispute between the companies producing arms or any citizen or government official feels that the owner of a factory is breaking any law, then the court case will be settled not by the judge but by the jury of the voters of the district. The jury members will be selected among the age group 30 and 55 from the district voter list. The case can be appealed to the State Jury and the National Jury. .
All laws and treaties relating to taxes which exempt or reduce taxation of capital, goods or services on the basis of origin or source on any foreign entity or foreign capital,they are now repealed. Whether such capital is derived before or after the date of implementation of this Act. All foreign businesses will be subject to the same rates of taxes as Indian businesses. .
The Mauritius Treaty, the Fiji Treaty, the Singapore Treaty and all such treaties that impose a lower rate of income tax, or a lower rate of capital gains tax, on foreign capital are hereby repealed. Whether such profit (including capital gains) arose before or after the date of implementation of this Act. All profits including all foreign capital and capital gains earned thereon shall be taxable at the same rate of tax levied on Indian units. .
Citizens voice: (16.1) If any voter wants any change in this law, then he/she can submit an affidavit in the collector's office. The District Collector will scan the affidavit along with the voter's voter ID number on the Prime Minister's website by charging a fee of Rs 20 per page. (16.2) If a voter wants to register his support on any affidavit submitted under section 16.1, then he can register his Yes/No in the Patwari’s office by paying 3 rupees fee. Patwari will record it and make Yes/No public on the Prime Minister's website along with Voter ID number of the voter. [Comment: If there is a positive change in the system after 4 years of the implementation of this law, then any citizen can submit an affidavit under section (16.1) of this law, in which those activists will be given any justified consideration as consolation who have made serious efforts for the implementation of this law. If 51% of citizens register yes on this affidavit, then the Prime Minister can issue orders to implement them.] ————————————Completion of The Law Draft————————— . . Why do we need Woic law?
Foreign companies invest a lot to destroy the local manufacturing/industry/businesses of whichever country they go in order to establish their foothold. There is a judge system in India, and there is no provision of VoteVapsi law (positive right to recall) over ministers. Therefore, foreign companies can easily enforce such laws by bribing them, which will drive local manufacturers out of the market on a large scale, and the share of big companies will increase. This law prohibits foreign companies from doing business in sensitive sectors of the Indian economy, so that we can protect the local industry. .
Owners of MNCs will force our ministers to sell India's national assets like public sector undertakings etc. at throwaway prices in lieu of providing positive media coverage. After creating a monopoly in various essential services like banks, energy, rail, mining etc. they will start charging higher prices. Since most of the local businesses will be out of the market, therefore, preventing them from charging higher prices would not be possible. .
As the control of multinational companies increases we will become dependent on them for combating war. MNCs start promoting missionaries wherever they go. So in the next phase there will be mass conversions. Apart from this, wherever MNCs go, they lower the standard of mathematics and science to break the base of local manufacturing/industry. .
This whole process can be stopped with the gazette notification of Woic law draft. It needs to be noted here, only with the implementation of Woic law, we will not be able to increase the number of indigenous manufacturing/industrial units. For this we also need the Jury Court law. With the implementation of JuryCourt, local manufacturing units will be able to mobilize the capacity to manufacture better technical goods/items at a cheaper cost. .