Newsletter dated 11th March, 2016

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Life is better when you are happy, but life is best when other
people are happy because of you.”
Law Updates:
 Delhi Government directs VAT authorities to keep watch on newly
registered dealers.
 Forex gain arising out of international transaction would be
included in operating profit while determining ALP: Bangalore
Tribunal.
 SEBI has published FAQs on "Know Your Client Requirements -
Clarification on voluntary adaptation of Aadhaar Based E-KYC
Process."
 The much awaited Real Estate Bill, which aims to protect the
interests of buyers and bring more transparency to the sector was
passed in Rajya Sabha on Thursday.
 Business support service provider not comparable with a Company
rendering consultancy and quality assurance services: Delhi-
Tribunal.
PROFESSIONALS INPUTS:
 RBI vide Notification No. RBI/2015-16/335 DCBR.CO.RCBD.Cir.
No.12/19.51.012/2015-16 dated 10th
March, 2016 notified regarding
application of Minimum Capital Adequacy Norms to State and
Central Cooperative Banks (StCBs/DCCBs).
 CBDT vide Circular No. 07/2016 dated 07th
March, 2016 has issued
clarification regarding the taxation of consortium of contractors
formed to implement Engineering, Procurement and Construction
(EPC) contracts/turn key projects.
 CBDT has issued clarification regarding applicability of Circular
No. 21/2015 and state that the monetary limit of Rs. 10 lakhs for
filing appeals before ITAT would apply equally to cross objections
under Section 253(4) of the Act.
MARKET WATCH:
SENSEX: 24757.86 122.51 NIFTY: 7519.80 32.65
SILVER: 37703.00 408.00 GOLD (MCX): 29957.00 359.00
USD/INR: 67.07 -0.14 CRUDE OIL: 2602.00 49.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 11th
March, 2016

2. www.csrajivbajaj.com
Rod Aldridge
Founder and Former Executive Chairman of Capita
Sir Rodney Malcolm Aldridge OBE, FRSA (born 7 November 1947) is the
founder and former executive chairman of Capita, a British company
specialising in business process outsourcing. He founded and led Capita from a
start up in 1984 to become a member of the FTSE 100 index. He is a former
Chair of V, the charity launched in May 2006 which aims to inspire and
engage over 1 million new youth volunteers. Aldridge is a patron and, former
trustee of the Prince’s Trust and is currently Chairman of the Aldridge
Foundation, an educational charity which sponsors academy schools in
England and champions entrepreneurial education.
Present work
As well as chairing the Aldridge Foundation he is also Chair of Ada the National College for Digital Skills. In
January 2007 he was appointed Chairman of The Lowry, a theatre and arts venue in Salford. He is also a
member of the Prince's Charities Council at the invitation of the HRH Prince of Wales, a patron on of the
Prince’s Trust, Non-executive Director of Equiniti, a Director of Cornerstone and a Director of Constellation
Healthcare Technologies.
Background
Aldridge founded and led the Capita Group from its formation in 1984 until 2006. During his time as chair the
group expanded to a FTSE 100 company employing 27,000 as well as profits increasing each year to almost
£200 million in 2006. In 1987 he led the management buyout (MBO) of the group from the Chartered Institute
of Public Finance and Accountancy (CIPFA) and the flotation of Capita on the unlisted securities market
(USM) in 1989 valued at £8 million.
In 2006 Aldridge resigned as Executive Chairman of Capita after it was revealed that he had lent the Labour
Party £1 million. The loan, which was secret at the time it was made, was controversial, in part, because Capita
is a major public sector supplier. Aldridge retired from his position as Chairman of Capita in July 2006. Prior to
Capita, Aldridge worked in local government for 10 years with East Sussex County Council, Brighton Borough
Council, Crawley Borough Council and West Sussex County Council, joining CIPFA in 1974, ultimately
becoming its Technical Director.
Aldridge is a former Chair of V, the charity launched in May 2006 which aims to inspire and engage over 1
million new youth volunteers. He is a patron and former trustee of The Prince's Trust and was the Chairman of
the Confederation of British Industry’s (CBI) public services strategy board at its inception in 2003 through to
July 2006. He is a former Non- Executive Director on the Ministerial Advisory Board of the Foreign and
Commonwealth Office (FCO) Services, an Executive Agency of the FCO. In 2009, he took up a role as Chair of
the Department of Health (United Kingdom) 'Dance Champions Group', aiming to encourage 100,000 more
adults to take up dance as a form of physical activity, with members such as Arlene Phillips and Lisa Snowdon.
Recognition
In the 2012 New Year Honours Aldridge received a knighthood for his services to young people and in the 1994
New Year Honours, he was appointed Officer of the Order of the British Empire (OBE) for services to the
computer industry.
He was given the Freedom of the City of London in 1996. He is on the Court of the Worshipful Company of
Information Technologists. Aldridge was elected fellow of the Royal Society of Arts in 2006 and is a Founder
Freeman of the Guild of Entrepreneurs.