Newsletter dated 26th December, 2015

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Hard work never brings fatigue. It brings satisfaction."
Law Updates:
 In an attempt to bring authenticity to e-mail based communication
to taxpayers, the Finance Ministry has asked Income Tax
Department’s officials to mandatorily mention their e-mail and
official phone numbers in all notices, letters and communication.
 CBDT reaffirms its commitment to exempt MAT on foreign
companies; directs disposal of pending MAT assessment.
 Delhi High Court in a landmark judgment on Wednesday has
allowed registration of properties even if valued below the
minimum circle rate of the area, benefiting thousands of land
owners in Delhi.
PROFESSIONALS INPUTS:
 The last date for annual filing forms is 30th
December, 2015 and no
further extension would be accorded after this date. All stakeholders
are suggested to complete their filing accordingly.
 Use of Digital Signature for filing of documents through ICEGATE
has been made mandatory w.e.f. 1st January, 2016. All remote EDI
service users are requested to procure Digital Signature from any
certifying authority and start using in filing of documents through
ICEGATE. To sign the documents the Common Signer utility
hosted at ICEGATE website may be utilized by the users. The
Advisory, Common Signer, Process Document etc. are available at
https://www.icegate.gov.in/digitalSign/digitalSign. html.
 IRDA vide Circular dated 23rd
December, 2015, Ref.: IRDA/
F&A/CIR/CPM/224/12/2015 has asked insurers to report
compliance with Indian ownership and control criteria by 18th
January, 2016.
MARKET WATCH:
SENSEX: 25838.71 -11.59 NIFTY: 7861.05 -4.90
SILVER: 34375.00 160.00 GOLD (MCX): 25224.00 157.00
USD/INR: 66.09 -0.18 CRUDE OIL: 2525.00 34.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 26th
December, 2015

2. www.csrajivbajaj.com
Faisal Farooqui
Founder and Chief Executive Officer (CEO) of MouthShut.com
Faisal I. Farooqui (born: 23 April) is an entrepreneur, best known as the
Founder and Chief Executive Officer (CEO) of MouthShut.com, a user-
generated consumer review and feedback service.Faisal is a recognized
advocate of freedom of expression on the Internet- he challenged India's
restrictive IT Rules in the Supreme Court which resulted in the Honorable
Supreme Court striking down India's draconian Sec. 66A and reading
down of many other sections. (MouthShut.com & Faisal Farooqui v/s
Union of India)
Farooqui has been featured in Fortune, Entrepreneur magazine, Economic
Times, CNN, BBC, New York Times blog, UK's Financial Express,
CNBC, NDTV, Zee, The Times of India and other magazines, newspapers and TV channels.
He has been invited to speak on entrepreneurship, technology, social media and marketing seminars worldwide.
Besides he has been guest lecturer at colleges such as American University in Dubai, IIM Ahmedabad, IIT
Mumbai, NITIE Mumbai and Google, NASSCOM, IAMAI. Faisal is a TiE charter member and mentor. In
2012, Entrepreneur Magazine named Faisal among the Top Business People in India and was included in a list
of Entrepreneurs who have created History. Earlier in 2009, Farooqui was named as a Youth Icon India's
national TV news channel. The British High Commission (British Embassy in Delhi) announced Faisal among
50 Indians to its list of Young Leaders who have demonstrated exceptional leadership and symbolize optimism
of the country.
Early life
Farooqui attended the State University of New York at Binghamton, from where he obtained a Bachelor of
Science degree in Information Systems as well as Finance. At the University, Farooqui was elected to the
Faculty Senate and the Student's Assembly, and was the Technology Editor of the campus newspaper,
Pipedream.
Farooqui was recruited from campus and worked in the Telecoms consulting practice of American Management
System, now acquired by CGI Systems, in Fairfax, Virginia. He later quit, to launch MouthShut.com in 2000.
Farooqui received the Manthan Award for Best Youth website in 2006 from India's IT Minister Sachin Pilot. He
speaks at conferences concerning Social Media, Internet technology, branding, Entrepreneurship and youth
empowerment etc. Outlook magazine recommended Farooqui as among the Top 5 people to follow on Twitter
from Tech/New Media.
MouthShut.com
In an interview with CNBC, Farooqui said that the inspiration for MouthShut.com came to him while in a media
class at Binghamton University. MouthShut.com won "Best Portal Award 2009" at the first edition of the
IDMA (India Digital Media Awards) held on March 11, 2010.
The Wall Street Journal-Mint states websites such as Mouthshut.com and YouTube are alternative channels for
brands to get consumer feedback. MouthShut.com was founded four years before US-based popular consumer
review site Yelp.com.
Other Business Ventures
In 2002 Faisal co-founded Zarca Interactive, an enterprise feedback company based in Herndon, Virginia. As
CEO of Zarca Interactive, Faisal presented at the Technovate seminar of European Society for Opinion and
Market Research (ESOMAR), held in Cannes, France in January 2003; Faisal argued for an effective
integration of Market Research and CRM systems.
In 2011, Farooqui launched Dealface.com as part of MouthShut.com's offering. Dealface offered daily discount
deals on spas, dance classes, health checkups, car service, restaurants discounts etc. It was the first deal site to
offer SMS coupons, thus eliminating the need for paper printouts of coupons.