Newsletter dated 05th july, 2016

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Do you want to know who you are? Don't ask. Act! Action
will delineate and define you.”
Law Updates:
 Uploading of notice on DVAT website in account of assessee is
valid service of notice: Delhi High Court.
 No credit of High Speed Diesel Oil even if it was used to generate
electricity for captive consumption.
 CLB without taking into consideration plea of petitioner about
misrepresentation and fraud in transfer of shares rejected
application of petitioner for cancellation of transfer of impugned
shares only on basis of fact that petitioner had not disputed her
signature on transfer documents, order of CLB was to be set aside.
 Shri Sudarshan Sen has taken over as the new Executive Director at
the Reserve Bank of India on 04th
July, 2016. He will look after
Department of Banking Regulation, Department of Co-operative
Banking Regulation and Department of Non-Banking Regulation.
PROFESSIONALS INPUTS:
 RBI vide Press Release No. 2016-2017/31 dated 04th
July, 2016 has
cancelled the licence of Jijamata Mahila Sahakari Bank Limited,
Satara, Maharashtra to carry on banking business.
 CBEC vide Notification No. 31/2016-CENT dated 04th
July, 2016
has amended notification no. 17/2004-CE (NT) dated 04.09.2004
for supply of exempted bunker fuel to the specified Indian Ships /
Vessels from the warehouse.
MARKET WATCH:
SENSEX: 27278.76 133.85 NIFTY: 8370.70 42.35
SILVER: 47465.00 1906.00 GOLD (MCX): 31736.00 273.00
USD/INR: 67.26 - 0.06 CRUDE OIL: 3277.00 6.00
CS Rajiv Bajaj
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http://www.csrajivbajaj.com
Date:05th
July, 2016

2. www.csrajivbajaj.com
RAJEEV CHANDRASEKHAR
Founder, Chairman and CEO-Jupiter Capital
Rajeev Chandrasekhar (born 31 May 1964) is an Indian politician and
an entrepreneur who is currently serving as Member of Parliament in the
upper house (Rajya Sabha) of the Indian Parliament. He represents
the state of Karnataka.
He also currently serves as member of the Parliament Standing Committee
on Defence, Consultative Committee on Defence, the Central Advisory
Committee for the National Cadet Corps, select committee on Real Estate
and Select Committee on GST.
He is the founder and chairman of Jupiter Capital, a financial services and
investment company, and founder of BPL Mobile, a major mobile phone service provider in India.
Early Life and Education
Rajeev was born in Ahmedabad, Gujarat to Air Commodore M. K. Chandrasekhar of the Indian Air Force, and
Mrs. Valli Chandrasekhar. His parents are from Kerala and belong to the Nair community.
He studied in various schools across India, and enrolled to study electrical engineering at Manipal Institute of
Technology. He completed Masters in Computer Science in 1988 from Illinois Institute of Technology,
Chicago. He then completed the Advanced Management Program at Harvard Business School.
Career
In 1981, Rajeev briefly worked for Softech, a start-up IT firm. After handpicked by Vinod Dham, Rajeev
worked for Intel Corporation in the United States between 1985 and 1991 as Senior Design Engineer of the
team that designed and launched 32 bit 80486 microprocessor and CPU architect in the team that designed the
path breaking Pentium microprocessor.
In 1994, Rajeev founded BPL Mobile. On July 2005, he sold his 64 percent stake in BPL Communications
to Essar Group for US$1.1 billion.
Rajeev founded Jupiter Capital in 2005, with an initial investment of US$100 million, and currently has
investments and managed assets of over US$800 million in technology, media, hospitality and entertainment. In
April 2013, he was awarded an honorary doctorate by Visvesvaraya Technological University, Belgaum, for his
work as an entrepreneur.
Rajeev Chandrasekhar was an Independent member of Rajya Sabha representing Karnataka from April 2006 to
April 2012. In April 2012, he was re-elected to the Rajya Sabha from Karnataka for a second six-year term as
an Independent member. He has advocated for governance reforms, institution building, Internet freedom,
national security, welfare of the Armed Forces Personnel and sustainable city building of Bangalore and
Karnataka.
Position Held
 Founder, Chairman and Chief Executive Officer, Jupiter Capital Pvt. Ltd.
 Founder and Principal Donor – Flags of Honour Foundation
 Founder and Managing Trustee – RC Foundation (RCF)
 Chairman, National Military Memorial