Newsletter dated 14th September, 2016

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Work hard in silence; Let success make the noise.”
Law Updates:
 OECD releases public comments received on discussion drafts on
Attribution of Profits to PE and Profit Split Method.
 Taxability of reimbursements made to AE to be readjudicated after
considering agreement on technical services: ITAT Bangalore.
 No reassessment on pretext of bogus purchases if assessee had
disclosed all material facts at assessment stage: ITAT Amritsar
 MCA has modified the versions of Forms Forms AOC-4, INC-7,
DIR-11, CHG-1, CHG-9 w.e.f 14th
September 201. Only new
version of the eForm will be acceptable on the MCA21 portal.
 Dues of secured creditor can be tendered at any time before transfer
of asset in favour of auction purchaser: Andhra Pradesh High Court
PROFESSIONALS INPUTS:
 MCA vide Notification dated 09th
September, 2016 has notified the
Companies (Mediation and Conciliation) Rules, 2016. A persons
intends to get empaneled as mediator or conciliator and possess
requisite qualification need to apply to the RD in form MDC-1. RD
will invite application every year in the month of February and
update the panel which will be effective from 01st
April of every
year.
 DVAT vide Circular No. 14 of 2016-17 dated 09th
September, 2016
has extended the last date for filing of online/ hard copy of Form
DVAT 16, DVAT 17 and DVAT 48 along with requisite annexures
and enclosures to 19th
September, 2016.
MARKET WATCH:
SENSEX: 28353.68 -443.71 NIFTY: 8715.35 -151.10
SILVER: 45513.00 66.00 GOLD (MCX): 31090.00 71.00
USD/INR: 66.92 0.25 CRUDE OIL: 3030.00 -58.00
CS Rajiv Bajaj
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Date:14th
September, 2016

2. www.csrajivbajaj.com
Sunita Narain
Director General of the Centre for Science and
Environmentand the Director of the Society for
Environmental Communications and Publisher of
the fortnightly magazine, Down To Earth.
Sunita Narain is an Indian environmentalist and political activist as
well as a major proponent of the Green concept of sustainable
development. Narain has been with the India-based Centre for
Science and Environment since 1982. She is currently the Director
General of the Centre for Science and Environment and the Director
of the Society for Environmental Communications and Publisher of
the fortnightly magazine, Down To Earth.
In her years at the Centre, she has worked hard at analysing and studying the relationship between environment
and development and at creating public consciousness about the need for sustainable development. Over the
years, she has also developed the management and financial support systems needed for the institution, which
has over 100 staff members and a dynamic program profile. She is currently in charge of the Centre's
management and plays an active role in a number of research projects and public campaigns.
Early life & Carrer
She began her career by writing and researching for the State of India's Environment reports and then went on
to study issues related to forest management. For this project she traveled across the country to understand
people's management of natural resources. In the early 1990s she got involved with global environmental issues
and she continues to work on these as researcher and advocate. Her research interests are wide-ranging - from
global democracy, with a special focus on climate change, to the need for local democracy, within which she
has worked both on forest-related resource management and water-related issues. Narain remains an active
participant, both nationally and internationally, in civil society.
She serves on the boards of various organisations and on governmental committees and has spoken at many
forums across the world on issues of her concern and expertise. In 2008 Narain delivered the K R Narayanan
Oration on "Why Environmentalism Needs Equity: Learning from the environmentalism of the poor to build
our common future".
In 2000, she co-edited the publication Green Politics: Global Environmental Negotiations,which looks at the
emerging ecological globalisation framework and puts forward an agenda for the South on global negotiations
and in 2001, Making Water Everybody’s Business: the practice and policy of water harvesting.
Awards & accolades
 In 2005, she was awarded the Padma Shri by the Government of India.
 In 2005 the Centre for Science and Environment under her leadership was awarded the Stockholm
Water Prize.
 She was awarded an honorary Doctor of Science by the University of Calcutta in 2009.
 She was conferred with the Raja-Lakshmi Award for the year 2009 from Sri Raja-Lakshmi Foundation,
Chennai.