Newsletter dated 06th 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:
 COMPAT quashes CCI’s penalty order of Rs. 6.75 crores on India
Trade Promotion Organisation: New Delhi CAT.
 Apex Court admits SLP of revenue against 'Vodafone India' to
decide taxability of transfer of call option rights: Supreme Court.
 Oppression plea dismissed as petitioner had already transferred his
shares before making such plea: CLB Chennai.
 Assessee applied for composition of tax in respect of assessment
year 2005-06 and thereupon VAT Officer issued a certificate
regarding composition of tax and thereafter Assessing Authority
without cancellation of above certificate reassessed assessee for
above assessment year, it was only after certificate regarding
composition of tax was cancelled, reassessment could be made.
PROFESSIONALS INPUTS:
 SEBI vide Circular No. CIR/CFD/FAC/62/2016 dated 05th
July,
2016 has extended due date for submitting quarterly/ half yearly
results for the quarter ended 30.06.2016 and half year ending
30.09.2016 by one month for those listed companies which are
required to comply with Ind-AS with effect from 1st
April,2016.
 RBI vide Notification No. RBI/FMRD/2016-17/31 dated 05th
July,
2016 has issued Master Direction - on Risk Management and Inter-
Bank Dealings.
MARKET WATCH:
SENSEX: 27166.76 -111.85 NIFTY: 8335.95 -34.75
SILVER: 46514.00 -951.00 GOLD (MCX): 31941.00 158.00
USD/INR: 67.45 0.19 CRUDE OIL: 3145.00 -132.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
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1Bajaj
http://www.csrajivbajaj.com
Date:06th
July, 2016

2. www.csrajivbajaj.com
Sanjiv Goenka
Chairman- RP-Sanjiv Goenka Group
Sanjiv Goenka is the chairman of RP-Sanjiv Goenka Group which has an asset
base of over INR 32,000 crore (over US$ 4.8 billion). The Group has over 50,000
employees and over a hundred thousand shareholders with annual revenues of up
to INR 16,000 crore (US$ 2.5 billion). Alongside being the chairman of CESC
Limited, he also has under his wing, companies likeFirstsource Solutions Limited,
Philips Carbon Black Limited, Spencer's Retail and Entertainment
major Saregama Limited. Besides, he is also the co-owner of ISL football
club, Atlético de Kolkata. The new IPL team, Rising Pune Supergiants is also
owned by Sanjiv Goenka's New Rising. On 20 May 2015, Mr Sanjiv Goenka was
honoured with the highest civilian honour from the West Bengal, ‘Banga
Bibhusan 2015’ by the Hon’ble Chief Minister of the State, Mamata Banerjee and
the Governor of West Bengal, K. N. Tripathi. Mr. Goenka has been the youngest-ever President of
Confederation of Indian Industries (CII). A past Chairman of the Board of Governors, Indian Institute of
Technology (IIT) Kharagpur, he is also a former President of All-India Management Association (AIMA).
Currently he is Chairman of International Management Institute (IMI) which has campuses in Delhi, Kolkata
and Bhubaneswar. Mr Goenka is presently a Member of the National Foundation for Corporate Governance set
up by the Ministry of Corporate Affairs, Government of India. He was also a Member of the CII National
Council on Corporate Governance and Regulatory Affairs for the year 2013-14.He is going to interview
Sadhguru Jaggi Vasudev on 26 May 2016.
Early Life
Sanjiv is the younger son of Rama Prasad Goenka (RPG), effective founder of the RPG Group. He grew up
in Kolkata and graduated from St. Xavier’s College. He then began assisting his father and elder
brother Harsh in running the family business empire. In the mid-1980s, Sanjiv's parents arranged for him to
marry a girl of suitable family, belonging to his own Agarwal community, and he duly married Preeti. They are
now the parents of two children,
Career and achievements
Mr Sanjiv Goenka, oversees his Group of companies in the Power & Natural Resources, Carbon Black, IT &
Education, Retail, Media & Entertainment and Infrastructure sectors.
In the power sector, CESC, which has been generating power since 1899 in Calcutta and serves over 29 lac
customers. It currently generates 2300 MW of Power and is in the midst of rapid growth, with an investment
program of more than INR 35,000 crore aimed at raising generating capacity to 7000 MW in the next six years.
Chandrapur project has already commissioned operation and 600 MW Haldia thermal power plant was
inaugurated on 26 November 2014.
Phillips Carbon Black, the world’s second fastest-growing carbon black company, is also India’s largest. It has
also earned the credit of being the eighth largest carbon black manufacturer in the world.
Spencer’s is a pioneer in Indian retailing and runs over 120 stores across 35 cities in India. Currently Spencer’s
attracts footfall of 3.7 million every month.
Saregama India Ltd. is the custodian of over half of all the music ever recorded in India. This makes the
company the premier Music destination for South Asian Music and the most authoritative source of the region's
musical heritage. Saregama has the largest music archive and catalogue in India. He is one of the share holders
in India Cements.