Newsletter dated 9th December, 2015

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“If you can’t excel with talent, triumph with effort.”
Law Updates:
 Versions of Forms GNL-4, INC-28, CRA-2, INC-2, ADJ, FC-1,
AOC-CFS and FC-4 are likely to be modified w.e.f 09th
December,
2015. MCA has requested the stakeholders to plan accordingly as
the older version of form is not accepted for filing.
 The prospects of the Goods and Sales Tax (GST) Bill being passed
by the Upper House seemed to be uncertain once again due to lack
of the majority in the House in the support of the Bill and new set of
conditions put forth by some members to support the bill.
 IRDA through “Discussion Paper on Convergence to Ind AS in
Insurance Sector” outlines roadmap on applicability of Ind-AS in
Insurance Sector; exempts certain standards.
 If department has challenged validity of utilization of credit balance
for payment of duty, 7.5 per cent pre-deposit as a condition for
filing appeal has to be made separately and 'disputed utilization' of
credit cannot be regarded as sufficient pre-deposit for purpose of
section 35F of the Central Excise Act, 1944: CESTAT, Mumbai
Bench.
PROFESSIONALS INPUTS:
 CBEC vide Notification No. 59/2015-Customs (ADD) dated 8th
December, 2015 seeks to levy definitive anti-dumping duty on
Gliclazide, originating in, or exported from the People’s Republic
of China for a period of five year.
 CBEC vide Notification No. 137/ 2015-Customs (N.T.) dated 7th
December, 2015 makes further amendments in the notification of
the Government of India in the Ministry of Finance (Department of
Revenue) No.12/97-CUSTOMS (N.T.), dated the 2nd April, 1997.
MARKET WATCH:
SENSEX: 25310.33 -219.78 NIFTY: 7701.70 -63.70
SILVER: 34390.00 -381.00 GOLD (MCX): 25508.00 -44.00
USD/INR: 66.77 0.1 CRUDE OIL: 2522.00 -7.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 9th
December, 2015

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”.