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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“There is no path to happiness: happiness is the path.”
Law Updates:
 Sec. 40(a)(ia) doesn't specify any time-limit for furnishing of form
15G: Kolkata Tribunal.
 South Indian Film Association has no role in restricting exhibition
of movie in HMT Cinema, Bengaluru: CCI.
 NCLT doesn’t have powers to grant exemption from holding
meeting wherein M&A Scheme to be considered: NCLT New
Delhi.
 One can either include arrival date or departure date to ascertain
period of stay of foreign consultant in India: Hyderabad New Delhi.
 'Coal India' abused its dominant position by imposing unfair
conditions on sale of fuel: COMPAT.
Professional INPUTS
 Forms SPICe (INC-32) will be revised w.e.f 21 January 2017 so as
to include the functionality of applying for Company PAN and first
TAN (allotted by Income Tax Deptt) in the Incorporation form
itself. Applying for PAN / TAN will be compulsory for all fresh
incorporation applications filed in the new version of the SPICe
form on or after 23 January 2017.
 Stakeholders may, therefore, kindly note that filing of SPICe forms
(including resubmissions) will NOT be permitted temporarily w.e.f
from 1 PM on 20th January until 8 AM on 23rd January, 2017.
 CBDT vide Circular No. 2/2017 dated 18th
January 2017 has issued
Clarifications on the Taxation and Investment Regime for Pradhan
Mantri Garib Kalyan Yojana, 2016.
MARKET WATCH:
SENSEX: 27,257.64 21.98 NIFTY: 8,417.00 19.00
SILVER: 41,348.00 341.00 GOLD (MCX): 29,203.00 -12.00
USD/INR: 68.08 0.18 CRUDE OIL: 3,571.00 -2.00
CS Rajiv Bajaj
9811453353
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Date: 19th
January, 2017
www.csrajivbajaj.com
Chanda Kochhar
Managing Director of ICICI Bank
Chanda Kochhar (born 17 November 1961) is the managing director (MD)
and chief executive officer (CEO) of ICICI Bank. She is widely recognised for her
role in shaping retail banking in India
Early life and Education
Kochhar was born in Jodhpur, Rajasthan and raised in Jaipur, Rajasthan. She is an alumnus of St. Angela
Sophia School, Jaipur.
She then moved to Mumbai, where she joined Jai Hind College for a Bachelor of Arts degree. After graduating
in 1982, she studied cost accountancy and later, went on to acquire a master's degree in Management Studies
from Jamnalal Bajaj Institute of Management Studies, Mumbai. She received the Wockhardt Gold Medal for
Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy.
Kochhar resides in Mumbai, and is married to Deepak Kochhar, a wind energy entrepreneur and her business
schoolmate. She has two children, daughter Aarti and son, Arjun.
Career
In 1984, Kochhar joined the Industrial Credit and Investment Corporation of India (ICICI) as a management
trainee.
Kochhar was instrumental in establishing ICICI Bank during the 1990s. In 1993, Kochhar was appointed as one
of the core team members who were assigned the responsibility of setting up the bank. She was promoted to
assistant general manager in 1994 and then to deputy general manager in 1996. In 1996, Kochhar headed the
newly formed Infrastructure Industry Group of ICICI Bank, which aimed to create dedicated industry expertise
in the areas of power, telecom and transportation. In 1998, she was promoted as the General Manager and
headed ICICI Bank's major client group, which handled relationships with ICICI's top 200 clients. In 1999, she
also handled the strategy and e-commerce divisions of ICICI Bank. In April 2001, she took over as executive
director. In 2006, Kochhar was appointed as deputy managing director of ICICI Bank. In 2006- 07, Kochhar
handled the international and corporate businesses of the bank. From 2007 to 2009, she was the bank's chief
financial officer (CFO) & joint managing director (JMD).
In 2009 Kochhar was appointed Managing Director (MD) & Chief Executive Officer (CEO) of the bank and
since then has been responsible for the bank’s diverse operations in India and overseas. She also chairs the
boards of most of the bank’s subsidiaries, which include India’s leading private sector life and general insurance
companies. In addition to her responsibilities at the ICICI Group, Ms. Kochhar is a member of the India – Japan
Business Leaders Forum and the US-India CEO Forum.
Awards
Ms. Kochhar received an honorary Doctor of Laws from Carleton University, Canada in 2014. The university
conferred this award on Ms. Kochhar in recognition of her pioneering work in the financial sector, effective
leadership in a time of economic crisis and support for engaged business practices.
In 2010, Kochhar received the Padma Bhushan Award, the third highest civilian honour awarded by the
Government of India, for her services to the banking sector
In 2011, Kochhar was awarded the "ABLF Woman of Power Award (India)" at the Asian Business Leadership
Forum Awards.
In 2015, Kochhar was ranked first in the Fortune List of 100 Most Powerful Women in Asia Pacific.

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Newsletter dated 19th January, 2017

  • 1. www.csrajivbajaj.com THOUGHT OF THE DAY THOUGHT OF THE DAY “There is no path to happiness: happiness is the path.” Law Updates:  Sec. 40(a)(ia) doesn't specify any time-limit for furnishing of form 15G: Kolkata Tribunal.  South Indian Film Association has no role in restricting exhibition of movie in HMT Cinema, Bengaluru: CCI.  NCLT doesn’t have powers to grant exemption from holding meeting wherein M&A Scheme to be considered: NCLT New Delhi.  One can either include arrival date or departure date to ascertain period of stay of foreign consultant in India: Hyderabad New Delhi.  'Coal India' abused its dominant position by imposing unfair conditions on sale of fuel: COMPAT. Professional INPUTS  Forms SPICe (INC-32) will be revised w.e.f 21 January 2017 so as to include the functionality of applying for Company PAN and first TAN (allotted by Income Tax Deptt) in the Incorporation form itself. Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form on or after 23 January 2017.  Stakeholders may, therefore, kindly note that filing of SPICe forms (including resubmissions) will NOT be permitted temporarily w.e.f from 1 PM on 20th January until 8 AM on 23rd January, 2017.  CBDT vide Circular No. 2/2017 dated 18th January 2017 has issued Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. MARKET WATCH: SENSEX: 27,257.64 21.98 NIFTY: 8,417.00 19.00 SILVER: 41,348.00 341.00 GOLD (MCX): 29,203.00 -12.00 USD/INR: 68.08 0.18 CRUDE OIL: 3,571.00 -2.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 19th January, 2017
  • 2. www.csrajivbajaj.com Chanda Kochhar Managing Director of ICICI Bank Chanda Kochhar (born 17 November 1961) is the managing director (MD) and chief executive officer (CEO) of ICICI Bank. She is widely recognised for her role in shaping retail banking in India Early life and Education Kochhar was born in Jodhpur, Rajasthan and raised in Jaipur, Rajasthan. She is an alumnus of St. Angela Sophia School, Jaipur. She then moved to Mumbai, where she joined Jai Hind College for a Bachelor of Arts degree. After graduating in 1982, she studied cost accountancy and later, went on to acquire a master's degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. She received the Wockhardt Gold Medal for Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy. Kochhar resides in Mumbai, and is married to Deepak Kochhar, a wind energy entrepreneur and her business schoolmate. She has two children, daughter Aarti and son, Arjun. Career In 1984, Kochhar joined the Industrial Credit and Investment Corporation of India (ICICI) as a management trainee. Kochhar was instrumental in establishing ICICI Bank during the 1990s. In 1993, Kochhar was appointed as one of the core team members who were assigned the responsibility of setting up the bank. She was promoted to assistant general manager in 1994 and then to deputy general manager in 1996. In 1996, Kochhar headed the newly formed Infrastructure Industry Group of ICICI Bank, which aimed to create dedicated industry expertise in the areas of power, telecom and transportation. In 1998, she was promoted as the General Manager and headed ICICI Bank's major client group, which handled relationships with ICICI's top 200 clients. In 1999, she also handled the strategy and e-commerce divisions of ICICI Bank. In April 2001, she took over as executive director. In 2006, Kochhar was appointed as deputy managing director of ICICI Bank. In 2006- 07, Kochhar handled the international and corporate businesses of the bank. From 2007 to 2009, she was the bank's chief financial officer (CFO) & joint managing director (JMD). In 2009 Kochhar was appointed Managing Director (MD) & Chief Executive Officer (CEO) of the bank and since then has been responsible for the bank’s diverse operations in India and overseas. She also chairs the boards of most of the bank’s subsidiaries, which include India’s leading private sector life and general insurance companies. In addition to her responsibilities at the ICICI Group, Ms. Kochhar is a member of the India – Japan Business Leaders Forum and the US-India CEO Forum. Awards Ms. Kochhar received an honorary Doctor of Laws from Carleton University, Canada in 2014. The university conferred this award on Ms. Kochhar in recognition of her pioneering work in the financial sector, effective leadership in a time of economic crisis and support for engaged business practices. In 2010, Kochhar received the Padma Bhushan Award, the third highest civilian honour awarded by the Government of India, for her services to the banking sector In 2011, Kochhar was awarded the "ABLF Woman of Power Award (India)" at the Asian Business Leadership Forum Awards. In 2015, Kochhar was ranked first in the Fortune List of 100 Most Powerful Women in Asia Pacific.