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THOUGHT OF THE DAY
โ€œThe purpose of human life is to serve and to show
compassion and the will to help others...โ€
Law Updates:
๏‚ท Finance Bill set to limit RBI's role. The central bank will only be left
with powers to regulate repurchase and reverse repurchase rates for
money, commercial papers, and corporate bonds and debentures held
by banks and other financial institutions.
๏‚ท SEBI warns companies and their directors of "stringent action" and
asked investors not to be lured by their schemes against fraudulent
NCD, NPS issues in the garb of private placement, without complying
with the provisions of Companies Act, 1956 read with the Companies
Act, 2013, SEBI (Issue and Listing of Debt Securities), Regulations,
2008 and SEBI (Issue and Listing of Non-Convertible Redeemable
Preference Shares), Regulations, 2013.
๏‚ท Government will launch today a scheme under which firms can file a
single online common return on Shram Suvidha portal to comply with
eight central labour laws, a move which would improve ease of doing
business and reduce transaction costs.
PROFESSIONALS INPUTS:
๏‚ท ICSI issues secretarial standards approved by the central government.
These provisions to be mandatorily followed by companies from July 1.
The Ministry of Corporate Affairs has accorded its approval to the
Secretarial Standards on Meetings of the Board of Directors (SS-1) and
General Meetings (SS-2) specified by the Institute of Company
Secretaries of India (ICSI).
๏‚ท Vide Notification ref RBI/2014-15/573 FIDD.CO.Plan. BC.54/04.09.01/
2014-15 dated 23.04.2015, RBI has issued revised guidelines on Priority
Sector Lending โ€“ Targets and Classification. Now, loans to sectors such
as social infrastructure, renewable energy and medium enterprises will
also be treated as priority sector lending (PSL).
๏‚ท Vide Notification No 3/2015/F.No.P.12011/3/2013-S.O. (E.S. Cell)
dated 17.04.2015 issued by Ministry of Finance, Govt. notifies
Registrar/Sub-Registrar as person carrying on designated business
under Money Laundering norms.
MARKET WATCH:
SENSEX: 27522.76 -212 .26 NIFTY:8324.75 -73.55
SILVER:36052.00 -59.00 GOLD (MCX): 26885.00 -15.00
USD/INR: 63.4 0.08 CRUDE OIL: 3660.00 -28.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 24thApril, 2015
www.csrajivbajaj.com
Ramesh Chandra
Founder & Chairman, Unitech Group
โ€œHis immense knowledge in the real estate business and
his sound technical acumen has earned him a reputation
of being one of the brightest thought leaders in the real
estate industry in India.โ€
EARLY LIFE:
Chandra was born to a banker, and spent his childhood and adult years in Farrukhabd, a town in Uttar Pradesh. He
studied civil engineering from IIT Kharagpur and after his graduation he worked in Kolkata, for a short period of time
and then left for the UK to pursue his Masterโ€™s degree in structural engineering from the University of South
Hampton. Chandra belonged to a middle class family with average financial conditions, his father being a banker.
CAREER PROFILE:
Before his masterโ€™s degree he had a short stint at the Bridge and Roof Company in Kolkata. Chandra returned to India
in 1965 and worked at a government research centre in Roorkee as a pool officer. After gaining a bit experience by
working for a few years he decided get into business by starting a Consulting firm. In the seventies he got into
construction business. Later in the mid-eighties he and his company focused more on real estate and they began
buying land in Gurgaon. In the nineties the company initiated to work on middle leveled income residential housing
projects. In 1996 the first commercial office complex was built by Unitech, this was known as Global Business Park.
After the year 2000, Unitech became quite active in buying more and more land in the NCR region. Over the years the
company expanded its operations and its presence has been felt in other areas like Kolkata, Bangalore, Kochi,
Chennai, Mumbai and Hyderabad. Further now, Unitech has plans to enter the Telecom Business. Unitech also plans
to get into the infrastructure development and hospitality sectors. Through some business news it can be assumed
that Unitech is working on a mass housing project. It has also launched Unihomes which is a new range of low-cost
apartments, which boosted the company's sales. Not only it is expanding in Delhi, but outside New Delhi as well,
notably in Mumbai where it is redeveloping a suburban slum. The company's new venture Unitech Wireless, launched
mobile phone services under the brand Uninor, in which Norway's Telenor has two-thirds stake.
Unitech is amongst India's leading business groups, with an outstanding track record in large-scale, integrated, Real-
Estate Development and Infrastructure Development in India. In the real estate space, Unitech offers construction,
property development, and management and consultancy services. The focus is on large, mixed-use developments and
the company's diverse portfolio includes residential, commercial, special economic zones (SEZs), IT Parks, hospitality,
retail and entertainment. Unitech's land reserves are spread across all major hubs of economic activity in the country.
Unitech's portfolio of infrastructure businesses includes general construction, design, manufacturing, erection and
commissioning of transmission towers, mainly for the power sector and development of industrial and logistic parks.
The company will also pursue Build Operate Transfer (BOT) opportunities in the highways, housing and power
transmission sectors. Be it firms like Som, Callison and HOK in real estate โ€“ Unitech has a history of successful
partnerships with leading global organizations. Its blue-chip customer portfolio in real estate includes clients like
Fidelity, HSBC, Sun Life, Marriott, Reebok, IBM, RBS, Ernst & Young, Bank of America and LG. Unitech was the first
real estate developer to have been certified ISO 9001:2000 in North India.
AWARDS & ACCOLADES
Chandra was recognized with the Lifetime Achieversโ€™ Award for Outstanding Contribution to the Real Estate Sector at
The Realty Plus Excellence Awards 2011 for North India, instituted by Realty Plus, Indiaโ€™s Leading Real Estate
Monthly Magazine.
The Unitech brand is well recognized in India and was conferred with the title of "Superbrand" by Superbrand India
in 2009. Unitech has been chosen as a Power Brand 2010-2011 by the Indian Consumer under the Realty category. It
is also a recipient of CW Architect and Builders Award, 2008 for being one of India's top 10 builders.

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Newsletter dated 24th April, 2015

  • 1. www.csrajivbajaj.com c THOUGHT OF THE DAY โ€œThe purpose of human life is to serve and to show compassion and the will to help others...โ€ Law Updates: ๏‚ท Finance Bill set to limit RBI's role. The central bank will only be left with powers to regulate repurchase and reverse repurchase rates for money, commercial papers, and corporate bonds and debentures held by banks and other financial institutions. ๏‚ท SEBI warns companies and their directors of "stringent action" and asked investors not to be lured by their schemes against fraudulent NCD, NPS issues in the garb of private placement, without complying with the provisions of Companies Act, 1956 read with the Companies Act, 2013, SEBI (Issue and Listing of Debt Securities), Regulations, 2008 and SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares), Regulations, 2013. ๏‚ท Government will launch today a scheme under which firms can file a single online common return on Shram Suvidha portal to comply with eight central labour laws, a move which would improve ease of doing business and reduce transaction costs. PROFESSIONALS INPUTS: ๏‚ท ICSI issues secretarial standards approved by the central government. These provisions to be mandatorily followed by companies from July 1. The Ministry of Corporate Affairs has accorded its approval to the Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) specified by the Institute of Company Secretaries of India (ICSI). ๏‚ท Vide Notification ref RBI/2014-15/573 FIDD.CO.Plan. BC.54/04.09.01/ 2014-15 dated 23.04.2015, RBI has issued revised guidelines on Priority Sector Lending โ€“ Targets and Classification. Now, loans to sectors such as social infrastructure, renewable energy and medium enterprises will also be treated as priority sector lending (PSL). ๏‚ท Vide Notification No 3/2015/F.No.P.12011/3/2013-S.O. (E.S. Cell) dated 17.04.2015 issued by Ministry of Finance, Govt. notifies Registrar/Sub-Registrar as person carrying on designated business under Money Laundering norms. MARKET WATCH: SENSEX: 27522.76 -212 .26 NIFTY:8324.75 -73.55 SILVER:36052.00 -59.00 GOLD (MCX): 26885.00 -15.00 USD/INR: 63.4 0.08 CRUDE OIL: 3660.00 -28.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 24thApril, 2015
  • 2. www.csrajivbajaj.com Ramesh Chandra Founder & Chairman, Unitech Group โ€œHis immense knowledge in the real estate business and his sound technical acumen has earned him a reputation of being one of the brightest thought leaders in the real estate industry in India.โ€ EARLY LIFE: Chandra was born to a banker, and spent his childhood and adult years in Farrukhabd, a town in Uttar Pradesh. He studied civil engineering from IIT Kharagpur and after his graduation he worked in Kolkata, for a short period of time and then left for the UK to pursue his Masterโ€™s degree in structural engineering from the University of South Hampton. Chandra belonged to a middle class family with average financial conditions, his father being a banker. CAREER PROFILE: Before his masterโ€™s degree he had a short stint at the Bridge and Roof Company in Kolkata. Chandra returned to India in 1965 and worked at a government research centre in Roorkee as a pool officer. After gaining a bit experience by working for a few years he decided get into business by starting a Consulting firm. In the seventies he got into construction business. Later in the mid-eighties he and his company focused more on real estate and they began buying land in Gurgaon. In the nineties the company initiated to work on middle leveled income residential housing projects. In 1996 the first commercial office complex was built by Unitech, this was known as Global Business Park. After the year 2000, Unitech became quite active in buying more and more land in the NCR region. Over the years the company expanded its operations and its presence has been felt in other areas like Kolkata, Bangalore, Kochi, Chennai, Mumbai and Hyderabad. Further now, Unitech has plans to enter the Telecom Business. Unitech also plans to get into the infrastructure development and hospitality sectors. Through some business news it can be assumed that Unitech is working on a mass housing project. It has also launched Unihomes which is a new range of low-cost apartments, which boosted the company's sales. Not only it is expanding in Delhi, but outside New Delhi as well, notably in Mumbai where it is redeveloping a suburban slum. The company's new venture Unitech Wireless, launched mobile phone services under the brand Uninor, in which Norway's Telenor has two-thirds stake. Unitech is amongst India's leading business groups, with an outstanding track record in large-scale, integrated, Real- Estate Development and Infrastructure Development in India. In the real estate space, Unitech offers construction, property development, and management and consultancy services. The focus is on large, mixed-use developments and the company's diverse portfolio includes residential, commercial, special economic zones (SEZs), IT Parks, hospitality, retail and entertainment. Unitech's land reserves are spread across all major hubs of economic activity in the country. Unitech's portfolio of infrastructure businesses includes general construction, design, manufacturing, erection and commissioning of transmission towers, mainly for the power sector and development of industrial and logistic parks. The company will also pursue Build Operate Transfer (BOT) opportunities in the highways, housing and power transmission sectors. Be it firms like Som, Callison and HOK in real estate โ€“ Unitech has a history of successful partnerships with leading global organizations. Its blue-chip customer portfolio in real estate includes clients like Fidelity, HSBC, Sun Life, Marriott, Reebok, IBM, RBS, Ernst & Young, Bank of America and LG. Unitech was the first real estate developer to have been certified ISO 9001:2000 in North India. AWARDS & ACCOLADES Chandra was recognized with the Lifetime Achieversโ€™ Award for Outstanding Contribution to the Real Estate Sector at The Realty Plus Excellence Awards 2011 for North India, instituted by Realty Plus, Indiaโ€™s Leading Real Estate Monthly Magazine. The Unitech brand is well recognized in India and was conferred with the title of "Superbrand" by Superbrand India in 2009. Unitech has been chosen as a Power Brand 2010-2011 by the Indian Consumer under the Realty category. It is also a recipient of CW Architect and Builders Award, 2008 for being one of India's top 10 builders.