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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Success seems to be connected with action. Successful people
keep moving. They make mistakes, but they don’t quit.”
Law Updates:
 IRDA has made amendments in the norms of the registration of
branch offices of Foreign Reinsurers through the Insurance
Regulatory and Development Authority of India (Registration and
Operations of Branch Offices of Foreign Reinsurers other than
Lloyd’s) (First Amendment) Regulations, 2016.
 Finance Ministry has notifies new norms on recruitment of
Registrar in the Adjudicating Authority under PMLA.
PROFESSIONALS INPUTS:
 CBEC vide Notification No. 25/2016-CUSTOMS (N. T.) dated
15th
February, 2016 has notified in respect of Fixation of Tariff
Value of Edible Oil, Brass, Poppy Seed, Areca Nut, Gold and
Sliver.
 CBEC vide Notification No. 27/2015-Service Tax dated 18th
December, 2015 has notified the Service Tax (Fourth Amendment)
Rules, 2015 amending the fourth proviso of Rule 6(1) of the the
Service Tax Rules, 1994.
 SEBI vide Circular No. CIR/MRD/DP/ 36 /2016 dated 15th
February, 2016 has modified the guidelines on sale of shares
through Offer for Sale mechanism.
 SEBI vide Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/35 dated
15th
February, 2016 notified regarding amendment in the SEBI
(Mutual Funds) Regulations, 1996 and Prudential limits in sector
exposure and group exposure in debt-oriented mutual fund
schemes.
MARKET WATCH:
SENSEX: 23554.12 568.00 NIFTY: 7162.95 182.00
SILVER: 37101.00 -883.00 GOLD (MCX): 28759.00 -627.00
USD/INR: 68.06 -0.18 CRUDE OIL: 2030.00 24.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 16th
February, 2016
www.csrajivbajaj.com
Sulajja Firodia Motwani
Joint Managing Director of Kinetic Motor
Company Limited
Sulajja Firodia Motwani is an Indian entrepreneur and
philanthropist. She is currently the Joint Managing Director of
Kinetic Motor Company Limited. The Company has witnessed
tremendous expansion during her term. From being a mere
moped manufacturer it has set its foothold in the industry as a
manufacturer offering a complete range of two wheelers right
from mopeds, scooters to motorcycles.
Early life
Sulajja was born on August 26, 1970. She completed her graduation in Commerce from Pune University in
1990. She is an MBA holder from the reputed Carnegie Mellon University at Pittsburgh. She is the
granddaughter of Late Shri H. K. Firodia, Founder of Kinetic Engineering and daughter of Padmashree Arun
Firodia, Founder & present Chairman of the Firodia Group. Throughout her studies, she has been a rank holder.
Her name appeared in the toppers list in the SSC examinations and HSC examinations.
Sulajja is married to Manish Motwani and is the mother to an 11-year-old son Siddhant. She is a fitness
enthusiast and a marathon runner. She has been enthusiastic about sports especially badminton. She is also fond
of pursuing adventurous sports like skiing and scuba diving.
Career
Before joining Kinetic Motor Company, she worked for a period of four years with an investment analytics
company, BARRA International, based in California. She played a major role in setting the operations of the
Kinetic Motor Company in India. Sulajja played a major role in designing and implementing new strategies for
the company. She is also performing the role of the Director of Kinetic Motor Company and Kinetic Marketing
Services Limited. She is the in charge of the Company`s overall business developmental activities.
Kinetic has collaborated with the well known Italian company, Italjet Moto. This acquisitions has given full
rights to the Kinetic Motor Company to launch seven new scooter models in the country. Kinetic is also
working in partnership with Hyosung Motors of South Korea. This major collaboration has led to the launching
of the most popular Kinetic Aquila and Comet.
Awards
 India Today magazine honoured her by presenting her with the title of business "Face of the
Millennium". It ranked her among the top twenty five business entrepreneur of the country.
 She was also presented with the Society Young Achiever`s Award for Business in the year 2002.
 In 2003, the Institute of Marketing and Management bestowed her with the award for excellent
performance as the woman CEO.
 She also received the Young Super Achiever Award from the leading magazine "Business Today" in
the year 2003.
 Sulajja has been selected by the World Economic Forum as a “Global Leader of Tomorrow” and
“Young Global Leader”.

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Newsletter dated 16th February 2016

  • 1. www.csrajivbajaj.com THOUGHT OF THE DAY THOUGHT OF THE DAY “Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit.” Law Updates:  IRDA has made amendments in the norms of the registration of branch offices of Foreign Reinsurers through the Insurance Regulatory and Development Authority of India (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (First Amendment) Regulations, 2016.  Finance Ministry has notifies new norms on recruitment of Registrar in the Adjudicating Authority under PMLA. PROFESSIONALS INPUTS:  CBEC vide Notification No. 25/2016-CUSTOMS (N. T.) dated 15th February, 2016 has notified in respect of Fixation of Tariff Value of Edible Oil, Brass, Poppy Seed, Areca Nut, Gold and Sliver.  CBEC vide Notification No. 27/2015-Service Tax dated 18th December, 2015 has notified the Service Tax (Fourth Amendment) Rules, 2015 amending the fourth proviso of Rule 6(1) of the the Service Tax Rules, 1994.  SEBI vide Circular No. CIR/MRD/DP/ 36 /2016 dated 15th February, 2016 has modified the guidelines on sale of shares through Offer for Sale mechanism.  SEBI vide Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/35 dated 15th February, 2016 notified regarding amendment in the SEBI (Mutual Funds) Regulations, 1996 and Prudential limits in sector exposure and group exposure in debt-oriented mutual fund schemes. MARKET WATCH: SENSEX: 23554.12 568.00 NIFTY: 7162.95 182.00 SILVER: 37101.00 -883.00 GOLD (MCX): 28759.00 -627.00 USD/INR: 68.06 -0.18 CRUDE OIL: 2030.00 24.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 16th February, 2016
  • 2. www.csrajivbajaj.com Sulajja Firodia Motwani Joint Managing Director of Kinetic Motor Company Limited Sulajja Firodia Motwani is an Indian entrepreneur and philanthropist. She is currently the Joint Managing Director of Kinetic Motor Company Limited. The Company has witnessed tremendous expansion during her term. From being a mere moped manufacturer it has set its foothold in the industry as a manufacturer offering a complete range of two wheelers right from mopeds, scooters to motorcycles. Early life Sulajja was born on August 26, 1970. She completed her graduation in Commerce from Pune University in 1990. She is an MBA holder from the reputed Carnegie Mellon University at Pittsburgh. She is the granddaughter of Late Shri H. K. Firodia, Founder of Kinetic Engineering and daughter of Padmashree Arun Firodia, Founder & present Chairman of the Firodia Group. Throughout her studies, she has been a rank holder. Her name appeared in the toppers list in the SSC examinations and HSC examinations. Sulajja is married to Manish Motwani and is the mother to an 11-year-old son Siddhant. She is a fitness enthusiast and a marathon runner. She has been enthusiastic about sports especially badminton. She is also fond of pursuing adventurous sports like skiing and scuba diving. Career Before joining Kinetic Motor Company, she worked for a period of four years with an investment analytics company, BARRA International, based in California. She played a major role in setting the operations of the Kinetic Motor Company in India. Sulajja played a major role in designing and implementing new strategies for the company. She is also performing the role of the Director of Kinetic Motor Company and Kinetic Marketing Services Limited. She is the in charge of the Company`s overall business developmental activities. Kinetic has collaborated with the well known Italian company, Italjet Moto. This acquisitions has given full rights to the Kinetic Motor Company to launch seven new scooter models in the country. Kinetic is also working in partnership with Hyosung Motors of South Korea. This major collaboration has led to the launching of the most popular Kinetic Aquila and Comet. Awards  India Today magazine honoured her by presenting her with the title of business "Face of the Millennium". It ranked her among the top twenty five business entrepreneur of the country.  She was also presented with the Society Young Achiever`s Award for Business in the year 2002.  In 2003, the Institute of Marketing and Management bestowed her with the award for excellent performance as the woman CEO.  She also received the Young Super Achiever Award from the leading magazine "Business Today" in the year 2003.  Sulajja has been selected by the World Economic Forum as a “Global Leader of Tomorrow” and “Young Global Leader”.