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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Wisdom is the power to see and the inclination to choose
the best and highest goal, together with the surest goal
of attaining it ....”
Law Updates:
 The Insurance Regulatory and Development Authority of India (IRDAI)
have constituted two special panels to promote e-commerce in life and
general insurance. They will identify opportunities of e-commerce in
insurance sector, recommend technological solutions for e-commerce,
suggest regulatory and other facilitation measures for the growth of e-
commerce and synergise with Digital India initiatives of the
Government of India.
 In Re: Pan Asia Advisors Ltd, The Supreme Court said on Monday that
capital market regulator Securities and Exchange Board of India (SEBI)
has the power to probe Global Depository Receipts (GDRs) sold by
Indian companies, backed by local shares, to foreign investors and
listed on overseas exchanges. The court has now sent the case back to
SAT, which had ruled that regulation of GDRs is outside the purview of
SEBI.
PROFESSIONALS INPUTS
 ICAI vide its Announcement dated 06-07-2015 has provided
Clarification on General Amnesty Scheme.
 Vide Circular No 13/2015 dated 06.07.2015, CBDT releases 32
clarifications on compliance window in Q&A format whereby it is
clarified that Holding out an olive branch, the government today said
persons using special window to declare assets abroad will be given
immunity from prosecution under FEMA, Prevention of Money
Laundering Act and four other laws.
 Vide Circular ref CIR/MRD/DP/13/2015 dated 06.074.2015 issued by
SEBI, clarification regarding Cyber Security and Cyber Resilience
framework of Stock Exchanges, Clearing Corporation and Depositories
has been provided.
 Vide Public Notice No. 25/ (2015-2020) dated 6 July, 2015 issued by
DGFT, DGFT has issued Enlistment under Appendix 2E- Agencies
authorized to issue Certificate of Origin (Non-Preferential).
MARKET WATCH:
SENSEX: 28281.04 72.28 NIFTY: 8547.05 24.90
SILVER: 35966.00 -215.00 GOLD (MCX): 26248.00 -80.00
USD/INR: 63.38 -0.03 CRUDE OIL: 3369.00 -15.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 7th July, 2015
www.csrajivbajaj.com
BHARAT HARI SINGHANIA
PRESIDENT, JK ORGANIZATION
Bharat Hari Singhania is an industrialist with over forty-four years of
experience in managing various industries including cement, automotive
tyres, paper, synthetics, audio magnetic tapes and high yielding hybrid
seeds.
The 125-year-old group has a footprint in 100 countries with interest in
multiple businesses. It has overseas manufacturing operations in
Mexico, Indonesia, Romania, Belgium, Portugal and the UAE.
EARLY LIFE & CAREER PROFILE:
Bharat Hari Singhania, the recently appointed President of JK Industrial Group has been looking
after the Company in various capacities for more than five decades. Mr. Bharat Hari Singhania is also
working as president of JK Paper, JK laxmi Cement and other companies of the group. He is also
Managing Director of JK Tyre & Industries Limited and also Chairman of Bedngal and Assam
Comoany Limited. He is a commerce graduate.
Along with managing other Companies of the group successfully, Bharat Hari Singhania has been the
President of the Indian Chamber of Commerce and Chairman of Indian Jute Mills Association. To
describe him precisely Mr. Bharat Hari Dinghania is associated with 38 Board Members and 6
different organisations, which in itself speaks about his abilities.
Bharat Hari Singhania and his group of Companies has been in the market for over 125 years selling a
vast range of profucts including paper, automotive tyres,cement, oil seals, v-belts, power transmission
system, hybrid seeds, cotton and woolen textiles, readymade apparels, food and dairy products,
cosmetics and products including defense, aerospace and energy and software industry. Incidentally,
the JK Group has business spread over in 100 countries the world over.
CORPORATE SOCIAL RESPONSIBILITY:
Son of Late Lata Laxmi Singhania, Mr. Bharat Singhania is approximately 76 years of age is a religious
person. The family is also involved in basic and higher education as well running many charitable
organisation as a tradition all other business originations from Rajasthan are involved in such
activities.
ACHIEVEMENTS SO FAR…
Mr. Singhania is on Board of the following:
 Chairman, Managing Director- JK Industrial Group Florence Investech Limited
 Former Non- Executive Chairman- JK Sugar Limited
 Director- JK Organisation
 Managing Director and Executive Director- JK Tyre & Industries Limited
 Chairman and Member of Nomination and Remuneration Committee- Bengal & Assam
Company Limited
 Chairman- JK Paper Limited
 Chairman- JK Agri Genetics Limited
 Chancellor- JK Lakshmipat University, Jaipur.

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Newsletter dated 7th July, 2015

  • 1. www.csrajivbajaj.com c THOUGHT OF THE DAY THOUGHT OF THE DAY “Wisdom is the power to see and the inclination to choose the best and highest goal, together with the surest goal of attaining it ....” Law Updates:  The Insurance Regulatory and Development Authority of India (IRDAI) have constituted two special panels to promote e-commerce in life and general insurance. They will identify opportunities of e-commerce in insurance sector, recommend technological solutions for e-commerce, suggest regulatory and other facilitation measures for the growth of e- commerce and synergise with Digital India initiatives of the Government of India.  In Re: Pan Asia Advisors Ltd, The Supreme Court said on Monday that capital market regulator Securities and Exchange Board of India (SEBI) has the power to probe Global Depository Receipts (GDRs) sold by Indian companies, backed by local shares, to foreign investors and listed on overseas exchanges. The court has now sent the case back to SAT, which had ruled that regulation of GDRs is outside the purview of SEBI. PROFESSIONALS INPUTS  ICAI vide its Announcement dated 06-07-2015 has provided Clarification on General Amnesty Scheme.  Vide Circular No 13/2015 dated 06.07.2015, CBDT releases 32 clarifications on compliance window in Q&A format whereby it is clarified that Holding out an olive branch, the government today said persons using special window to declare assets abroad will be given immunity from prosecution under FEMA, Prevention of Money Laundering Act and four other laws.  Vide Circular ref CIR/MRD/DP/13/2015 dated 06.074.2015 issued by SEBI, clarification regarding Cyber Security and Cyber Resilience framework of Stock Exchanges, Clearing Corporation and Depositories has been provided.  Vide Public Notice No. 25/ (2015-2020) dated 6 July, 2015 issued by DGFT, DGFT has issued Enlistment under Appendix 2E- Agencies authorized to issue Certificate of Origin (Non-Preferential). MARKET WATCH: SENSEX: 28281.04 72.28 NIFTY: 8547.05 24.90 SILVER: 35966.00 -215.00 GOLD (MCX): 26248.00 -80.00 USD/INR: 63.38 -0.03 CRUDE OIL: 3369.00 -15.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 7th July, 2015
  • 2. www.csrajivbajaj.com BHARAT HARI SINGHANIA PRESIDENT, JK ORGANIZATION Bharat Hari Singhania is an industrialist with over forty-four years of experience in managing various industries including cement, automotive tyres, paper, synthetics, audio magnetic tapes and high yielding hybrid seeds. The 125-year-old group has a footprint in 100 countries with interest in multiple businesses. It has overseas manufacturing operations in Mexico, Indonesia, Romania, Belgium, Portugal and the UAE. EARLY LIFE & CAREER PROFILE: Bharat Hari Singhania, the recently appointed President of JK Industrial Group has been looking after the Company in various capacities for more than five decades. Mr. Bharat Hari Singhania is also working as president of JK Paper, JK laxmi Cement and other companies of the group. He is also Managing Director of JK Tyre & Industries Limited and also Chairman of Bedngal and Assam Comoany Limited. He is a commerce graduate. Along with managing other Companies of the group successfully, Bharat Hari Singhania has been the President of the Indian Chamber of Commerce and Chairman of Indian Jute Mills Association. To describe him precisely Mr. Bharat Hari Dinghania is associated with 38 Board Members and 6 different organisations, which in itself speaks about his abilities. Bharat Hari Singhania and his group of Companies has been in the market for over 125 years selling a vast range of profucts including paper, automotive tyres,cement, oil seals, v-belts, power transmission system, hybrid seeds, cotton and woolen textiles, readymade apparels, food and dairy products, cosmetics and products including defense, aerospace and energy and software industry. Incidentally, the JK Group has business spread over in 100 countries the world over. CORPORATE SOCIAL RESPONSIBILITY: Son of Late Lata Laxmi Singhania, Mr. Bharat Singhania is approximately 76 years of age is a religious person. The family is also involved in basic and higher education as well running many charitable organisation as a tradition all other business originations from Rajasthan are involved in such activities. ACHIEVEMENTS SO FAR… Mr. Singhania is on Board of the following:  Chairman, Managing Director- JK Industrial Group Florence Investech Limited  Former Non- Executive Chairman- JK Sugar Limited  Director- JK Organisation  Managing Director and Executive Director- JK Tyre & Industries Limited  Chairman and Member of Nomination and Remuneration Committee- Bengal & Assam Company Limited  Chairman- JK Paper Limited  Chairman- JK Agri Genetics Limited  Chancellor- JK Lakshmipat University, Jaipur.