1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“People with goals succeed because they know where they are
going.”
Law Updates:
No compensation from Insurance Company if there is theft without
a forcible entry: Supreme Court.
Wife need not pay tax on sale of joint property purchased by
husband out of his own income: Tribunal Mumbai.
Payment made by assessee for terminalling charges were actually
for availing infrastructure facilities and as such, there was no work
contract involved, hence, provisions of section 194C were not
attracted: Tribunal Kolkata.
Entire contract income would not be taxable when contractee
disputed its liability to pay under contract.
Holding company rightly requested for interim stay when
reassessment notice issued to its dissolved subsidiary company:
Madras High Court.
PROFESSIONALS INPUTS:
RBI vide Press Release No. 2016-2017/496 dated 25th
August 2016
has issued Master Directions on six subjects relating to Non-
Banking Financial Companies (NBFCs) under its regulation. These
directions consolidate/reorganise instructions issued in various
Circulars/Directions/ Notifications/Master Circulars.
RBI vide Press Release No. 2016-2017/498 dated 25th
August 2016
has announced Measures for Development of Fixed Income and
Currency Markets.
MARKET WATCH:
SENSEX: 2,7835.91 -224.03 NIFTY: 8,592.60 -58.10
SILVER: 44,500. 00 0.00 GOLD (MCX): 31,280.00 00.00
USD/INR: 67.02 -0.09 CRUDE OIL: 3,140.00 -87.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 26th
August, 2016
2. www.csrajivbajaj.com
VINITA BALI
Managing Director- Britannia Industries Limited
Vinita Bali is an Indian businesswoman who was the Managing
Director of Britannia Industries Limited.
Vinita Bali, joined the company as Chief Executive Officer in
January 2005. Since Vinita joined Britannia as CEO in 2005, the
company almost doubled its turnover in just four years, growing
at an annual rate of c23%, as compared to the previous three
years’ 10-11% growth. She has led Britannia’s charge beyond its
core biscuits business into categories such as dairy and bakery, and moved into international markets
with Britannia’s range of products.
Education
In 1975, she received a Bachelor's Degree in Economics from Lady Shri Ram College for Women at
the University of Delhi. She then earned an MBA from Jamnalal Bajaj Institute of Management
Studies. She received a scholarship to Michigan State University in the United States and served as an
intern at United Nations Headquarters.
Professional Career
Ms. Vinita Bali, B.A. (Economics), MBA is an Advisory Board Member of Pegasus FinInvest
Advisory Pvt. Ltd. She has been a Non-Executive Non Independent Director of Titan Company
Limited since October 18, 2006. She has been Non-Executive Director of Syngenta AG since April
2012. She has been an Independent Non-Executive Director of Smith & Nephew plc since December
1, 2014. She has been a Non-Executive Director of Syngenta Crop Protection, Inc. since 2012 and
CRISIL Limited since February 14, 2014. She served as Chief Executive Officer of Britannia
Industries Limited from January 3, 2005 to March 31, 2014 and served as its Managing Director from
May 31, 2006 to March 31, 2014. Ms. Bali served as a Manager of Britannia Industries Limited since
January 24, 2005. She served as the Managing Principal Officer of Zyman Group, USA. She has
worked over 16 years overseas in a variety of marketing, sales and general management positions with
eminent multinationals. She has a rich and diverse experience in packaged foods and beverages gained
from working with Cadbury Schweppes and The Coca-Cola Company in several continents in a
variety of marketing, sales and general management positions. She also blends a high quality of Indian
and International perspective having lived and worked in the UK, Nigeria, South Africa, USA and
Chile. Since 1994, Ms. Bali served a number of senior positions in marketing and general management
at The Coca-Cola Company in the USA and Latin America, served as Head of Corporate Strategy
since 2001, and then joined the Zyman Group as the Head of its Business Strategy practice in the
USA. She served as a Non-Executive & Non-Independent Director of The Bombay Burmah Trading
Corporation Limited from April 28, 2010 to October 1, 2014. Ms. Bali served as Independent & Non-
Executive Director of Piramal Glass Limited from July 26, 2007 to September 8, 2014. She served as a
Director of Britannia Industries Limited from August 2006 to March 31, 2014. She served as a
Director of The Bombay Dyeing and Manufacturing Company Limited from April 30, 2009 to
October 1, 2014. She served as an Independent Director of Mphasis Limited from March 30, 2007 to
July 15, 2010. She is a member of the Global Diversity and Advisory Council of Novartis
International.
