Newsletter dated 22nd February 2017

1. www.csrajivbajaj.com
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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Courage is what it takes to stand up and speak; courage is
also what it takes to sit down and listen.”
Law Updates:
 Labelling and packing of handmade biri in printed plastic wrappers
with aid of power operated machine to bring into existence retail
pack would not come within purview of 'manufacture': Kolkata
High Court.
 Karta liable for prosecution for bouncing of cheque issued by HUF:
Gujarat High Court.
 Annual fee paid by DIAL to Airport Authority of India isn’t liable
to service-tax.
 Tips collected by hotel and paid to waiters can’t be treated as salary
of waiters: Delhi Tribunal.
 SLP admitted to decide applicability of sec. 194LA TDS on
compensation for loss of fruit bearing trees.
 Medical Association promoting public health and medical education
would be eligible for trust registration: Pune Tribunal.
PROFESSIONALS INPUTS:
 CBDT vide Instruction No. 3/2017 has issued Standard Operating
Procedure (SOP) to be followed by Assessing Officers in
verification of Cash transactions relating to demonetization.
MARKET WATCH:
SENSEX: 28761.59 100.01 NIFTY: 8907.85 28.65
SILVER: 42459.00 -234.00 GOLD (MCX): 29171.00 -118.00
USD/INR: 66.92 -0.03 CRUDE OIL: 3580.00 0.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 22nd
February, 2017

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Mary Kay Ash
Founder of Mary Kay Cosmetics
Mary Kay Ash (May 12, 1918 – November 22, 2001) was an American
businesswoman and founder of Mary Kay Cosmetics, Inc.
Early Life
Mary Kay Ash, born Mary Kathlyn Wagner in Hot Wells, Harris County, Texas,
was the daughter of Edward Alexander and Lula Vember Hastings Wagner. Her mother was trained as
a nurse and later became a manager of a restaurant in Houston. Ash attended Dow Elementary School
and Reagan High School in Houston, and graduated in 1934.
Ash married Ben Rogers at age 17. They had two children, Ben Jr. and Richard Rogers. While her
husband served in World War II, she sold books door-to-door. After her husband's return in 1945, they
divorced. Ash later had her only daughter, Marylin Reed. Ash went to work for Stanley Home
Products. Frustrated when passed over for a promotion in favor of a man that she had trained, Ash
retired in 1963 and intended to write a book to assist women in business. The book turned into a
business plan for her ideal company, and in the summer of 1963, Mary Kay Ash and her new husband,
George Arthur Hallenbeck, planned to start Mary Kay Cosmetics. However, one month before Ash
and Hallenbeck started Beauty by Mary Kay, as the company was then called, Hallenbeck died of a
heart attack. One month after Hallebeck's death on September 13, 1963 when she was 45 years old
with a $5,000 investment from her oldest son, Ben Rogers, Jr. and with her young son, Richard Rogers
taking her late husband's place, Ash started Mary Kay Cosmetics. The company started its original
storefront operation in Dallas.
Ash was widely respected. She considered the Golden Rule the founding principle of Mary Kay
Cosmetics and the company's marketing plan was designed to allow women to advance by helping
others to succeed. She advocated "praising people to success" and her slogan "God first, family
second, career third" expressed her insistence that the women in her company keep their lives in good
balance. Mary Kay Ash died in Dallas, Texas November 22, 2001.
Mary Kay Cosmetics, Inc.
Ash and her partners, which included her son, Richard, took the company public in 1968. In 1985, the
company's board decided to take the company private again after seventeen years as a public company.
Ash remained active in Mary Kay Cosmetics, Inc. until suffering a stroke in 1996. Richard Rogers was
named CEO of Mary Kay Cosmetics, Inc. in 2001. At the time of Ash's death, Mary Kay Cosmetics
had over 800,000 representatives in 37 countries, with total annual sales over $200 million. As of
2014, Mary Kay Cosmetics has more than 3 million consultants worldwide and wholesale volume in
excess of 3 billion. Mary Kay herself was honored as a leading female entrepreneur in American
history.
Awards
Both during her life and posthumously, Ash received numerous honors from business groups, including the
Horatio Alger Award. Ash was inducted into the Junior Achievement U.S. Business Hall of Fame in 1996. A
long-time fundraiser for charities, she founded the Mary Kay Ash Charitable Foundation to raise money to
combat domestic violence and cancers affecting women. Ash served as Mary Kay Cosmetics' chairman until
1987, when she was named Chairman Emeritus. Fortune magazine recognized Mary Kay Inc. with inclusion in
"The 100 best companies to work for in America." The company was also named one of the best 10 companies
for women to work. Her most recent acknowledgements were the "Equal Justice Award" from Legal Services of
North Texas in 2001, and "Most Outstanding Woman in Business in the 20th Century" from Lifetime
Television in 1999.