Newsletter dated 4th April, 2016

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Begin today. Declare out loud to the universe that you are
willing to let go of struggle and eager to learn through joy.”
Law Updates:
 ICSI has submitted its Representation to MCA regarding difficulties
in accessing the MCA portal and filing of e-forms and requested to
waive off the additional fees of all documents whose last date of
filing was between March 25, 2016 to March 31, 2016 or till the
date by which the site restores normally.
 IRDA requires insurers to submit monthly statements on status of
Ombudsman cases and compliance of their awards.
PROFESSIONALS INPUTS:
 CBEC vide Notification No. 520/09/2016-CusVI dated 2nd
April,
2016 has issued corrigendum to Notification No. 43/2016-Customs
(N.T.).
 CBEC vide Notification No. 46/2016-Customs (N.T.) dated 1st
April, 2016 has notified the Customs (Fees for Rendering Services
by Customs Officers) Amendment Regulations, 2016.
 CBEC vide Notification No. 45/2016 - Customs (N.T.) dated 1st
April, 2016 has notified the Bill of Entry (Electronic Declaration)
(Amendment) Regulations, 2016.
 CBEC vide Notification No. 23 /2016- Central Excise (N.T.) dated
01st
April, 2016 the CENVAT Credit (Fourth Amendment) Rules,
2016.
 IRDA vide Notification No. IRDAI/Reg/3/115/2016 dated
01/04/2016 has notified the Insurance Regulatory and Development
Authority of India (Registration of Indian Insurance Companies)
(Seventh Amendment) Regulations, 2016.
MARKET WATCH:
SENSEX: 25275 .50 7.11 NIFTY: 7720.45 6.65
SILVER: 35745 .00 -197.00 GOLD (MCX): 28075.00 35.00
USD/INR: 66.25 -0.00 CRUDE OIL: 2421.00 -42.00
CS Rajiv Bajaj
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Date: 04th
April, 2016

2. www.csrajivbajaj.com
Natarajan Chandrasekaran
CEO and managing director of Tata Consultancy
Services
Natarajan Chandrasekaran is an Indian business executive who is the CEO
and managing director of Tata Consultancy Services. Chandra took over as
CEO on October 6, 2009 prior to which he was COO and Executive Director
of TCS. Born in 1963, Chandra is one of the youngest CEOs of the Tata
Group. As of 2015, his income was Rs. 21.28 crore per annum. His salary for
the fiscal year ending March 2014 at Rs.18.68 crores was 60% more than the
previous year. Nyenrode Business University, Netherlands conferred
Chandra with Honorary doctorate for his significant contributions toward
business and society.
Early life and Education
Chandrasekaran completed his Master of computer applications from the Regional Engineering College, Trichy
(now National Institute of Technology, Tiruchirappalli), in Tamil Nadu, India in 1986 after obtaining a
Bachelor of Science in Applied Sciences from the Coimbatore Institute of Technology, Coimbatore, Tamil
Nadu. Joining TCS in 1987, Chandra took over as CEO on October 6, 2009 prior to which he was COO and
Executive Director of TCS. Chandra is a senior member of Institute of Electrical and Electronic Engineers
(IEEE), and an active member of Computer Society of India and British Computer Society. He was nominated
as the Chairman of Indian IT industry body NASSCOM in April 2012.
Journey with TCS
Speaking of the Indian IT Industry, the pioneers were obviously Infosys and Wipro, and though today Tata
Consultancy Services is becoming the yardstick of the fastest growing sector of India. The company was
initially regarded as the industry's stodgy stepchild. TCS has always been the most consistent and biggest
players in the Indian IT Industry; however the year 2007 saw the appointment of Chandra as the Chief
Operating Officer and later on as the Managing Director and the Chief Executive Officer in 2009 following
which the market value of TCS doubled. Net profits of the company under pyramidical and distributive
governance structure evolved by Chandra saw the escalation of 30% and even the revenue rose to 25%. He has
also been the brain behind numerous strategic transitions at TCS including architecting, as the Chief Operating
Officer. He also advocated numerous business initiatives at TCS and displayed the ability to nurture new ideas
by adding new business lines and entering new industry verticals like Media & Information Services, Mobile &
Digital services, and High Tech. Apart from adding business finesse, he has also been keen to keep upbeat with
his corporate social responsibility- be it in the form of healthcare, education, wellness or environment
sustainability.
It must also be mentioned here that Chandra began his journey with TCS in the year 1987 as a mere software
programmer, thereafter in the year 1996 he started working with TCS as one of its partners in association with
Ramdorai (CEO of TCS in 1996).
Awards and Recognition
 NDTV Business Leader of the Year IT, 2012
 Top 25 most influential consultants in the world, 2006
 AIMA Business Leader award for 2011
 Distinguished alumni award of NIT Trichy, 2013
 Appointed as non-official director to the board of Reserve Bank of India (RBI), 4 March 2016.