Newsletter dated 15th April 2017

1. www.csrajivbajaj.com
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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“There is nothing as sweet as a comeback, when you are down
and out, about to lose, and out of time.”
Law Updates:
• No denial of sec. 10(37) exemption if compensation amount of
agricultural land was settled after negotiation: Supreme Court.
• Enforcement of foreign arbitral award could not be delivered on
ground of violation of FEMA.
• Assessing Officer cannot make any addition and/or disallowance
than what is proposed in draft assessment order: Gujrat High Court.
• AO rightly treated bank as an assessee -in-default for allowing LTA
claim to its employee travelling abroad: Bangalore Tribunal.
• Application for interim relief can be filed pending disposal of
company petition alleging oppression and mismanagement; more so,
when company's name was struck off and assets of company were
allegedly being siphoned off: NCLT Kolkata.
• CBEC prescribes form SC (E) -2, SC (ST)-3 for filling of
application to Settlement Commission for Excise and Service Tax
respectively.
PROFESSIONALS INPUTS:
• Form INC-22, AOC-4 Addendum and SCP are likely to be revised
on MCA21 Company Forms Download page w.e.f 15th April 2017.
Stakeholders are advised to check the latest version before filing.
• MCA vide Notification dated 13th
April 2017 has appoints the 13th
April 2017 as the date on which provisions of Section 234 of the
Companies Act, 2013 shall come into force.
MARKET WATCH:
SENSEX: 29461.48 -182.87 NIFTY: 9203.45 -33.55
SILVER: 42471.00 569.00 GOLD (MCX): 29409.00 180.00
USD/INR: 64.67 0.19 CRUDE OIL: 3420.00 -24.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 15th
April, 2017

2. www.csrajivbajaj.com
Denise Morrison
President and Chief Executive Officer of Campbell Soup
Company
Denise M. Morrison is an American business executive who serves as President and
Chief Executive Officer of Campbell Soup Company. Named the 21st Most Powerful
Woman in Business by Fortune Magazine, Morrison was elected a Director of
Campbell in October 2010. She is Campbell's 12th leader in the company's 140-year
history.
Early Life & Education
Denise Morrison was born in Elberon, New Jersey, and is one of four sisters who have all enjoyed successful
business careers. The "Sullivan Sisters" were featured in a 2007 Wall Street Journal article, "Raising Women to
Be Leaders." Denise is the first-born; Maggie Wilderotter is chairman and CEO of Frontier Communications;
Colleen Bastkowski was a regional vice president of sales at Expedia Corporate Travel and Andrea Doelling, a
champion horse jumper, was senior vice president of sales at AT&T Wireless. Their father, Dennis Sullivan, a
Korean War veteran and AT&T executive, wanted to share everything he knew about business with his girls.
He reportedly talked with them while they were still in grade school about setting profit-margin goals. Their
mother, Connie Sullivan, taught them that ambition is a part of femininity.
Denise Morrison graduated from Long Branch High School. She earned her B.S. degree in economics and
psychology from Boston College, graduating magna cum laude. She was inducted into the Order of the Cross
and Crown Honor Society for academic and extracurricular achievement
Career
Morrison was named President and CEO of Campbell Soup Company on August 1, 2011. Campbell is a global
manufacturer and marketer of consumer food products, focused on simple meals, soup, baked snacks, and
beverages.
Morrison joined Campbell in April 2003 as President-Global Sales and Chief Customer Officer, and was named
President-Campbell USA in June 2005. She was named Senior Vice President and President-North America
Soup, Sauces and Beverages in October 2007 and handled the Campbell USA, North America Foodservice, and
Campbell Canada businesses. She was appointed Executive Vice President and Chief Operating Officer in
October 2010, leading all of Campbell's global businesses, corporate strategy, global advertising & design and
research & development.
Before joining Campbell's, Morrison served as Executive Vice President and General Manager of Kraft Foods'
Snacks and Confections divisions, responsible for leading brands such as Planters nuts, Life Savers candies, and
Altoids mints.
Morrison began her career in the sales organization at Procter & Gamble in Boston, Mass. She later joined
Pepsi-Cola in Trade and Business Development. She then spent most of the 1980s at Nestle USA, where she
held senior marketing and sales positions. In 1995, Denise moved to Nabisco Inc. She served as Senior Vice
President and led the Nabisco Food Company's sales organization and was General Manager for the Down the
Street division.
Morrison's compensation at the beginning of fiscal year 2012 included an annual base salary of $950,000, a
fiscal 2011 annual cash incentive of $602,292 and a fiscal 2012 long-term incentive grant of $4,845,000.
Campbell's fiscal year runs from August 1 to July 31.