Newsletter dated 25th February, 2016

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“There are two ways of spreading light; to be candle or the
mirror that reflects it.”
Law Updates:
 The Reserve Bank of India has launched March 2016 round of its
Consumer Confidence Survey. The survey seeks qualitative
responses on questions pertaining to economic conditions, income,
spending, perceptions on prices, employment prospects from about
5,400 respondents across six metropolitan cities.
 Registration to a trust could not be denied on ground that it was
involved in only one object out of its total objects: Delhi Tribunal.
 Foreign Tax & Tax Research Division of CBEC has issued
clarification on implementation of FATCA and CRS.
 Apex Court held that the Screen based trading cannot be taken as
defense against charges of fraudulent & unfair trade practices.
 Union Railway Minister, Suresh Prabhu will present Rail Budget
for 2015-16 fiscal year in the Parliament today.
PROFESSIONALS INPUTS:
 Ministry of Corporate Affairs has placed the Draft Companies
(Cost Records and Audit) Amendment Rules, 2016 for
stakeholders’ comments/ suggestions. Suggestions/comments
along with the justifications in brief may be sent latest by
08.03.2016 through email at cra@mca.gov.in.
 Notional interest on security deposit cannot be added to agreed
rent for demanding service tax: New Delhi – CESTAT.
MARKET WATCH:
SENSEX: 23119.42 28.33 NIFTY: 7020.25 1.55
SILVER: 37105.00 -125.00 GOLD (MCX): 29405.00 -149.00
USD/INR: 68.56 -0.03 CRUDE OIL: 2209.00 -11.00
CS Rajiv Bajaj
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Bajajr66@gmail.com
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Date: 25th
February, 2016

2. www.csrajivbajaj.com
Kiran Mazumdar-Shaw
Chairperson of Biocon
Kiran Mazumdar-Shaw (born 23 March 1953, Bangalore, India) is
an Indianentrepreneur. She is the chairman and managing director
of Biocon Limited, a biotechnology company based in Bangalore (Bengaluru),
India and the current chairperson of IIM-Bangalore. In 2014, she was awarded
the Othmer Gold Medal, for outstanding contributions to the progress of
science and chemistry. She is on the Financial Times’ top 50 women in
business list. As of 2015, she was listed as the 85th most powerful woman in
the world by Forbes.
Early Life and Education
Kiran Mazumdar was born to Gujarati parents in Bangalore, India. She went to school at Bangalore’s Bishop
Cotton Girl's High School, graduating in 1968. She then attended Mount Carmel College, Bangalore, a women's
college offering pre-university courses as an affiliate of Bangalore University. She studied biology and zoology,
graduating from Bangalore University with a B.Sc. in Zoology in 1973. Mazumdar hoped to go to medical
school, but did not obtain a scholarship.
Her father, Rasendra Mazumdar, was the head brewmaster at United Breweries. He suggested that Kiran
study fermentation science, and train to be a brewmaster, a very nontraditional field for a woman. Mazumdar
went to Federation University(Formerly known as University of Ballarat) in Australia to study Malting and
Brewing. In 1974 she was the only woman enrolled in the brewing course, and the top of her class. She earned
the degree of Master Brewer in 1975.
She worked as a trainee brewer in Carlton and United Breweries, Melbourne and as a trainee maltster at Barrett
Brothers and Burston, Australia. She also worked for some time as a technical consultant at Jupiter Breweries
Limited, Calcutta and as a technical manager at Standard Maltings Corporation, Baroda between 1975 and
1977. However, when she investigated the possibility of further work in Bangalore or Delhi, she was told that
she would not be hired as a master brewer in India because "It's a man's work." She began to look abroad, and
was offered a position in Scotland.
Awards and Honours
As of 2010, Kiran Mazumdar-Shaw was named among TIME magazine’s 100 most influential people in the
world. She is on the 2011 Financial Times’ top 50 women in business list. As of 2014, she was listed as the
92nd most powerful woman in the world by Forbes. In 2015, she had risen to 85th in the Forbes ranking. The
risk taking Women Entrepreneur was voted as Global Indian of the Year by Pharma Leaders Magazine in 2012.
Mazumdar-Shaw is the recipient of several prestigious international awards including the Othmer Gold
Medal (2014) for outstanding contributions to the progress of science and chemistry, the Nikkei Asia
Prize (2009) for Regional Growth, the ‘Veuve Clicquot Initiative For Economic Development For Asia' Award
(2007), Ernst & Young Entrepreneur of the Year Award for Life Sciences & Healthcare (2002), and
'Technology Pioneer' recognition by World Economic Forum (2002). On 05/05/2015 Federation University
Australia (Formerly known as University of Ballarat) named a road in Mt Helen campus as Mazumdar Drive .
Kiran and Shaw together attended the opening function and cut the rippon.
Mazumdar-Shaw received an honorary Doctorate of Science in 2004, from her alma mater, Ballarat University,
in recognition of her contributions to biotechnology. She has also been awarded honorary doctorates from
the University of Abertay, Dundee, UK (2007), the University of Glasgow, UK (2008), Heriot-Watt University,
Edinburgh, UK (2008) andUniversity College Cork, Ireland (2012). She received an honorary doctorate
from Davangere University, India, at its first convocation, 27 July 2013, in recognition of her contribution in the
field of Biotechnology.
Her pioneering work in the biotechnology sector has earned her numerous national awards, including the
prestigious Padma Shri (1989) and the Padma Bhushan (2005) from the government of India.