www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“The secret of being happy is accepting where you are in life
and making the most out of everyday…”
Law Updates:
 Companies with more than 10 times of turnover of assessee couldn't
be selected as comparables: Banglore Tribunal..
 ESOP expense is deductible while computing gain in slump sale as
it is made in pursuance of transfer agreement.
 Sec. 11 relief available to trust promoting education even if it was
engaged in publication of school books.
 Old note of Rs. 500 not to be valid at Petrol Pumps from Dec. 03,
2016.
 Apex Court rebukes High Court for deciding tax appeal without
framing substantial question of law.
PROFESSIONALS INPUTS
 RBI vide Press Release No. 2016-2017/1382 dated 01st
December
2016 asks people to be cautious on false information circulating in
social media on demonetization and should not rely on other
unsecured/ unofficial channels like social media in which the
authenticity of the documents circulated is questionable and not
verifiable.
 SEBI vide Circular No. SEBI/HO/MRD/DP/CIR/P/2016/129 dated
01st
December 2016 has Review of guidelines for Co-location /
proximity hosting facility offered by stock exchanges.
 CBEC vide Notification No. 59/2016-Cus dated 01st
December 2016
has Seeks to further amend notification No. 12/2012-Customs dated
17th March, 2012, so as to withdraw CVD exemption on gold coins
having gold content not below 99.5%, and gold findings
MARKET WATCH:
SENSEX: 26,559.92 -92.89 NIFTY: 8,192.90 -31.60
SILVER: 39,950.00 -953.00 GOLD (MCX): 28,356.00 -481.00
USD/INR: 68.4 0.00 CRUDE OIL: 3,388.00 283.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 02nd
December, 2016
www.csrajivbajaj.com
R. C. Bhargava
Chairman of Maruti Suzuki
Mr. R. C. Bhargava (born 30 July 1934) is the former C.E.O and current
chairman of Maruti Suzuki, one of the largest automobile manufacturers
in India.
Early life
Bhargava joined Maruti in 1981, almost immediately after its
incorporation, as its Marketing Director. A former IAS officer, Bhargava
has also served as the President and CEO of RCB Consulting Private Limited, a premier management and
human resource consultancy firm. Before joining Maruti, Bhargava was Director (Commercial) of Bharat
Heavy Electricals Limited in 1979-80.
Education
Bhargava was educated at The Doon School, Allahabad University and Williams College, Massachusetts.
Mr. Bhargava's Education Details are: Indian Administrative Services (1st in batch), Master of Sciences in
Mathematics from Allahabad University, Master of Arts in Developmental Economics from Williams
College, Williams Town, MA, USA .
Career
Mr. R. C. Bhargava serves as the Chairman of the Board at Maruti Suzuki India Limited. Mr. Bhargava
joined Maruti in 1981 and is widely regarded as instrumental for the success of Maruti. He is also on the
Board of Directors of a number of leading companies in India. These include Grasim Industries, UltraTech
Cement Company, Aditya Birla Sun Life Asset Management Company, Polaris Software Lab, Optimus
Global Services, Infrastructure and Financial Services Limited, Dabur Industries, Idea Cellular, Thomson
Press and Taj Asia. He also serves on the Indian Advisory Boards of BAE Systems Ltd, Rio Tinto, Huawei
and Hitachi Ltd. Mr. Bhargava strongly believes that trust building is much needed in LocalCircles India's
local communities as well as businesses. He also serves as a Member of Advisory Board at LocalCircles
India Pvt. Ltd.
Professional Experience
R. C. Bhargava is Non-Executive Chairman of the Board of Maruti Suzuki India Limited. His Professional
Experiences are:
2007 till date: Chairman, Maruti Suzuki India Limited (MSIL), (Formerly Maruti Udyog Limited)
2003 : Director, Maruti Udyog Limited
1998 : President and CEO of RCB Consulting Private Limited, a management and human resource
consultancy outfit with various domestic and international clients
1990-92: Chairman & Managing Director, Maruti Udyog Limited
1985-90, 1992-97 : Managing Director, Maruti Udyog Limited
1984-85 : Joint Managing Director Maruti Udyog Limited
1981-83 : Director (Marketing), Maruti Udyog Limited
1979-81 : Director (Commercial), Bharat Heavy Electricals Limited
1977-78 : Joint Secretary, Cabinet Secretariat, Government of India
1974-77 : Joint Secretary of Government of India, Ministry of Energy .

Newsletter dated 02nd December, 2016

  • 1.
    www.csrajivbajaj.com THOUGHT OF THEDAY THOUGHT OF THE DAY “The secret of being happy is accepting where you are in life and making the most out of everyday…” Law Updates:  Companies with more than 10 times of turnover of assessee couldn't be selected as comparables: Banglore Tribunal..  ESOP expense is deductible while computing gain in slump sale as it is made in pursuance of transfer agreement.  Sec. 11 relief available to trust promoting education even if it was engaged in publication of school books.  Old note of Rs. 500 not to be valid at Petrol Pumps from Dec. 03, 2016.  Apex Court rebukes High Court for deciding tax appeal without framing substantial question of law. PROFESSIONALS INPUTS  RBI vide Press Release No. 2016-2017/1382 dated 01st December 2016 asks people to be cautious on false information circulating in social media on demonetization and should not rely on other unsecured/ unofficial channels like social media in which the authenticity of the documents circulated is questionable and not verifiable.  SEBI vide Circular No. SEBI/HO/MRD/DP/CIR/P/2016/129 dated 01st December 2016 has Review of guidelines for Co-location / proximity hosting facility offered by stock exchanges.  CBEC vide Notification No. 59/2016-Cus dated 01st December 2016 has Seeks to further amend notification No. 12/2012-Customs dated 17th March, 2012, so as to withdraw CVD exemption on gold coins having gold content not below 99.5%, and gold findings MARKET WATCH: SENSEX: 26,559.92 -92.89 NIFTY: 8,192.90 -31.60 SILVER: 39,950.00 -953.00 GOLD (MCX): 28,356.00 -481.00 USD/INR: 68.4 0.00 CRUDE OIL: 3,388.00 283.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 02nd December, 2016
  • 2.
    www.csrajivbajaj.com R. C. Bhargava Chairmanof Maruti Suzuki Mr. R. C. Bhargava (born 30 July 1934) is the former C.E.O and current chairman of Maruti Suzuki, one of the largest automobile manufacturers in India. Early life Bhargava joined Maruti in 1981, almost immediately after its incorporation, as its Marketing Director. A former IAS officer, Bhargava has also served as the President and CEO of RCB Consulting Private Limited, a premier management and human resource consultancy firm. Before joining Maruti, Bhargava was Director (Commercial) of Bharat Heavy Electricals Limited in 1979-80. Education Bhargava was educated at The Doon School, Allahabad University and Williams College, Massachusetts. Mr. Bhargava's Education Details are: Indian Administrative Services (1st in batch), Master of Sciences in Mathematics from Allahabad University, Master of Arts in Developmental Economics from Williams College, Williams Town, MA, USA . Career Mr. R. C. Bhargava serves as the Chairman of the Board at Maruti Suzuki India Limited. Mr. Bhargava joined Maruti in 1981 and is widely regarded as instrumental for the success of Maruti. He is also on the Board of Directors of a number of leading companies in India. These include Grasim Industries, UltraTech Cement Company, Aditya Birla Sun Life Asset Management Company, Polaris Software Lab, Optimus Global Services, Infrastructure and Financial Services Limited, Dabur Industries, Idea Cellular, Thomson Press and Taj Asia. He also serves on the Indian Advisory Boards of BAE Systems Ltd, Rio Tinto, Huawei and Hitachi Ltd. Mr. Bhargava strongly believes that trust building is much needed in LocalCircles India's local communities as well as businesses. He also serves as a Member of Advisory Board at LocalCircles India Pvt. Ltd. Professional Experience R. C. Bhargava is Non-Executive Chairman of the Board of Maruti Suzuki India Limited. His Professional Experiences are: 2007 till date: Chairman, Maruti Suzuki India Limited (MSIL), (Formerly Maruti Udyog Limited) 2003 : Director, Maruti Udyog Limited 1998 : President and CEO of RCB Consulting Private Limited, a management and human resource consultancy outfit with various domestic and international clients 1990-92: Chairman & Managing Director, Maruti Udyog Limited 1985-90, 1992-97 : Managing Director, Maruti Udyog Limited 1984-85 : Joint Managing Director Maruti Udyog Limited 1981-83 : Director (Marketing), Maruti Udyog Limited 1979-81 : Director (Commercial), Bharat Heavy Electricals Limited 1977-78 : Joint Secretary, Cabinet Secretariat, Government of India 1974-77 : Joint Secretary of Government of India, Ministry of Energy .