Newsletter dated 27th april 2017

1. www.csrajivbajaj.com
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THOUGHT OF THE DAY
THOUGHT OF THE DAY
"Always recognize that human individuals are ends, and do
not use them as means to your end."
Law Updates:
• ITAT confirmed sec. 69C additions relating to bogus purchase
invoices received without actual delivery of goods: Mumbai
Tribunal.
• ITAT allows deduction of compensation paid to holding Company
for ESOP given to employees on deputation: Chennai Tribunal.
• Supreme Court upholds High Court’s ruling on Formula One
Championship; Budh International Circuit treated as Permanent
Establishment.
• Guarantor would be covered by definition of 'borrower' for taking
action to recover debts under SARFAESI Act: Gujarat High Court.
• Writ wasn't maintainable if alternate remedy of filing appeal was
available to assessee, Supreme Court dismissed SLP.
PROFESSIONALS INPUTS:
• RBI vide Press Release No. 2016-2017/2909 dated 26th
April 2017
has proposed fresh Regulations under Foreign Exchange
Management Act, 1999 for Cross Border Mergers: Invites
comments from stakeholders.
• CBEC vide Order No. 1/2017- ST dated 26th
April 2017 has
extended the date of submission of the Form ST-3 for the period 1st
October 2016 to 31st March 2017 from 25th April 2017 to 30th
April 2017.
MARKET WATCH:
SENSEX: 30133.35 190.11 NIFTY: 9351.85 45.25
SILVER: 40026.00 -390.00 GOLD (MCX): 28749.00 -65.00
USD/INR: 64.11 -0.15 CRUDE OIL: 3203.00 20.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
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1Bajaj
http://www.csrajivbajaj.com
Date: 27th
April, 2017

2. www.csrajivbajaj.com
Marissa Mayer
President of Yahoo
Marissa Ann Mayer is an American information technology executive, currently
serving as the president of Yahoo, a position she has held since July 2012. In
January 2017, it was announced that she had stepped down from the company's
board to serve principally as CEO/Last nail in the coffin of the company. She is a
graduate of Stanford, and was a long-time executive, usability leader, and key
spokesperson for Google.
Early life and Education
Mayer was born in Wausau, Wisconsin, the daughter of Margaret Mayer, an art teacher of Finnish descent and
Michael Mayer, an environmental engineer who worked for water companies During middle school and high
school, she took piano and ballet lessons, the latter of which taught her "criticism and discipline, poise and
confidence." At an early age, she showed an interest in math and science.
When she was attending Wausau West High School, She excelled in chemistry, calculus, biology, and physics.
During high school, she worked as a grocery clerk. After graduating from high school in 1993, Mayer was
selected by Tommy Thompson, then the Governor of Wisconsin, as one of the state's two delegates to attend the
National Youth Science Camp in West Virginia.
Intending to become a pediatric neurosurgeon, Mayer took pre-med classes at Stanford University.She later
switched her major from pediatric neuroscience to symbolic systems, a major which combined philosophy,
cognitive psychology, linguistics, and computer science. Mayer went on to graduate with honors from Stanford
with a BS in symbolic systems in 1997 and an MS in computer science in 1999. For both degrees, her
specialization was in artificial intelligence. In 2009, the Illinois Institute of Technology granted Mayer an
honoris causa doctorate degree in recognition of her work in the field of search.
Mayer interned at SRI International in Menlo Park, California, and Ubilab, UBS's research lab based in Zurich,
Switzerland. She holds several patents in artificial intelligence and interface design
Career
After graduating from Stanford, Mayer received 14 job offers, including a teaching job at Carnegie Mellon
University and a consulting job at McKinsey & Company. She joined Google in 1999 as employee number 20
and was the company's first female engineer. She started out writing code and overseeing small teams of
engineers, developing and designing Google's search offerings. In 2002, Mayer started the Associate Product
Manager (APM) program, a Google mentorship program aimed to recruit new talents and cultivate and train
them for leadership roles within the company. Each year, Mayer selected a number of junior employees for the
two-year program, which would see them take on a number of extracurricular assignments and intensive
evening classes. Mayer was the vice president of Google Product Search until the end of 2010, when she was
demoted by then-CEO Eric Schmidt to head the Local, Maps, and Location Services.
On July 16, 2012, Mayer was appointed president and CEO of Yahoo!, effective the following day. She is also a
member of the company's board of directors. In February 2013, Mayer oversaw a major personnel policy
change at Yahoo! that required all remote-working employees to convert to in-office roles. In 2014, Mayer was
ranked sixth on Fortune's 40 under 40 list, and was ranked the 16th most-powerful businesswoman in the world
that year according to the same publication. In March 2016 Fortune would name Mayer as one of the world's
most disappointing leaders.
In 2014, Mayer was ranked sixth on Fortune's 40 under 40 list, and was ranked the 16th most-powerful
businesswoman in the world that year according to the same publication. In February 2016, Mayer confirmed
that Yahoo! was considering the possibility of selling its core business. In March 2017, it was revealed that
Mayer would lose her CEO job and receive a $23 million termination package upon the sale of Yahoo! to
Verizon.