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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Success is not final; failure is not fatal.
It is the courage to continue that counts.”
Law Updates:
 Default in holding AGM due to server crash at registered office is
compoundable offence: NCLT Banglore.
 Differential interest on transfer of loan portfolio would be taxed on
recovery of interest from borrowers.
 Form No. 68 notified to get immunity from penalty for
underreporting and misreporting of income.
 NCLT can also compound those offences for which no specific fine
or imprisonment prescribed under Companies Act: Supreme Court.
 Machine which enables fast printing of newspaper using computer
isn't entitled to 60% depreciation: Madras High Court.
 Mere availability of certain portion of turnover allocable to software
product sales isn't sufficient segmental data.
PROFESSIONALS INPUTS
 CBEC vide Notification No. 48/2016-CENT dated 07th
October
2016 seeks to amend Notification No. 27/2014-Central Excise(NT),
dated 16.09.2014.
 SEBI on 07th
October 2016 has issued a report on Consultation
paper on Amendments/Clarifications to the SEBI (Investment
Advisers) Regulations, 2013.
 RBI vide Notification No. RBI/2016-17/81 dated 06th
October 2016
has issued Operating Guidelines for Small Finance Banks.
MARKET WATCH:
SENSEX: 28,061.14 -45.07 NIFTY: 8,697.60 -11.95
SILVER: 41,571.00 -902.00 GOLD (MCX): 29,783.00 -122.00
USD/INR: 66.63 -0.15 CRUDE OIL: 3,361.00 44.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 10th
October, 2016
www.csrajivbajaj.com
Dara Khosrowshahi
CEO of Expedia, Inc.
Dara Khosrowshahi born in Tehran, Iran, is an Iranian
American businessman and the CEO of Expedia, Inc., which
operates more than 150 travel booking sites in more than 70
countries worldwide across its portfolio of online travel brands
including Expedia, Hotels.com, Orbitz Worldwide, Hotwire,
Travelocity, Egencia, HomeAway, Inc., Venere, trivago and Wotif
Group. Under his leadership, Expedia, Inc. has grown to become one
of the largest online travel companies in the world. Furthermore, he
has served as a member of the Fanatics.com board of directors since
November 2013 and in May 2015 he was elected to the board of
directors of the New York Times Company. . Khosrowshahi received a B.A. in electrical engineering
from Brown University in 1991.
Career
Dara Khosrowshahi has served as CEO of Expedia, Inc., since August 2005. Under his leadership,
Expedia has extended its global presence to more than 60 countries worldwide through the
Expedia, Hotels.com, and Hotwire online booking brands, and the travel community sites
of TripAdvisor Media Network. Expedia operates over 70 Hotels.com booking sites and 20 full-
service Expedia-branded booking sites.
Previously, Khosrowshahi served as CEO of IAC Travel, a division of InterActiveCorp. Khosrowshahi
was instrumental in the initial expansion of IAC's portfolio of travel brands, which now comprises
Expedia, Inc. He served as executive vice president and chief financial officer of IAC, overseeing all
of the company's financial matters, and also held the role of executive vice president of operations and
strategic planning at the company. Previously, Khosrowshahi served as president of USA Networks
Interactive, having joined the company in 1998 as vice president of strategic planning. Prior to joining
IAC, Khosrowshahi worked at Allen & Company from 1991 to 1998, and as its vice president from
1995 to 1998.
In February 2015, the New York Times Company announced Khosrowshahi as one of two new
nominees for its board of directors. He will formally stand for election at the annual meeting of
stockholders on May 6, 2015. Arthur Sulzberger, Jr., the publisher of the New York Times and
chairman of The New York Times Company praised Khosrowshahi's "comprehensive digital and
international experience, as well as significant financial expertise".
Recognition
 In June 2013 Ernst & Young recognized Dara Khosrowshahi as a Pacific Northwest
Entrepreneur of the Year award recipient. He is among the U.S. State Department's "List of
Prominent Iranian Americans"

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Newsletter dated 10th October, 2016

  • 1. www.csrajivbajaj.com THOUGHT OF THE DAY THOUGHT OF THE DAY “Success is not final; failure is not fatal. It is the courage to continue that counts.” Law Updates:  Default in holding AGM due to server crash at registered office is compoundable offence: NCLT Banglore.  Differential interest on transfer of loan portfolio would be taxed on recovery of interest from borrowers.  Form No. 68 notified to get immunity from penalty for underreporting and misreporting of income.  NCLT can also compound those offences for which no specific fine or imprisonment prescribed under Companies Act: Supreme Court.  Machine which enables fast printing of newspaper using computer isn't entitled to 60% depreciation: Madras High Court.  Mere availability of certain portion of turnover allocable to software product sales isn't sufficient segmental data. PROFESSIONALS INPUTS  CBEC vide Notification No. 48/2016-CENT dated 07th October 2016 seeks to amend Notification No. 27/2014-Central Excise(NT), dated 16.09.2014.  SEBI on 07th October 2016 has issued a report on Consultation paper on Amendments/Clarifications to the SEBI (Investment Advisers) Regulations, 2013.  RBI vide Notification No. RBI/2016-17/81 dated 06th October 2016 has issued Operating Guidelines for Small Finance Banks. MARKET WATCH: SENSEX: 28,061.14 -45.07 NIFTY: 8,697.60 -11.95 SILVER: 41,571.00 -902.00 GOLD (MCX): 29,783.00 -122.00 USD/INR: 66.63 -0.15 CRUDE OIL: 3,361.00 44.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 10th October, 2016
  • 2. www.csrajivbajaj.com Dara Khosrowshahi CEO of Expedia, Inc. Dara Khosrowshahi born in Tehran, Iran, is an Iranian American businessman and the CEO of Expedia, Inc., which operates more than 150 travel booking sites in more than 70 countries worldwide across its portfolio of online travel brands including Expedia, Hotels.com, Orbitz Worldwide, Hotwire, Travelocity, Egencia, HomeAway, Inc., Venere, trivago and Wotif Group. Under his leadership, Expedia, Inc. has grown to become one of the largest online travel companies in the world. Furthermore, he has served as a member of the Fanatics.com board of directors since November 2013 and in May 2015 he was elected to the board of directors of the New York Times Company. . Khosrowshahi received a B.A. in electrical engineering from Brown University in 1991. Career Dara Khosrowshahi has served as CEO of Expedia, Inc., since August 2005. Under his leadership, Expedia has extended its global presence to more than 60 countries worldwide through the Expedia, Hotels.com, and Hotwire online booking brands, and the travel community sites of TripAdvisor Media Network. Expedia operates over 70 Hotels.com booking sites and 20 full- service Expedia-branded booking sites. Previously, Khosrowshahi served as CEO of IAC Travel, a division of InterActiveCorp. Khosrowshahi was instrumental in the initial expansion of IAC's portfolio of travel brands, which now comprises Expedia, Inc. He served as executive vice president and chief financial officer of IAC, overseeing all of the company's financial matters, and also held the role of executive vice president of operations and strategic planning at the company. Previously, Khosrowshahi served as president of USA Networks Interactive, having joined the company in 1998 as vice president of strategic planning. Prior to joining IAC, Khosrowshahi worked at Allen & Company from 1991 to 1998, and as its vice president from 1995 to 1998. In February 2015, the New York Times Company announced Khosrowshahi as one of two new nominees for its board of directors. He will formally stand for election at the annual meeting of stockholders on May 6, 2015. Arthur Sulzberger, Jr., the publisher of the New York Times and chairman of The New York Times Company praised Khosrowshahi's "comprehensive digital and international experience, as well as significant financial expertise". Recognition  In June 2013 Ernst & Young recognized Dara Khosrowshahi as a Pacific Northwest Entrepreneur of the Year award recipient. He is among the U.S. State Department's "List of Prominent Iranian Americans"