www.csrajivbajaj.com

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THOUGHT OF THE DAY

POSITIVE ATTITUDE, FAITH, VISION, DESIRE,

GOALS, ALL THIS IS EXTREMELY

IMPORTANT, BUT NOTHING HAPPENS

WITHOUT ACTION.

Law Updates :

The Securities & Exchange Board of India (SEBI) has barred Delhi-based PACL, its promoters and directors from raising any money from investors, effectively shutting down one of India's

largest collective investment schemes (CIS), with a corpus of

nearly Rs 50,0000 crore.

Partnership Act doesn't bar an unregistered partnership firm from filing a winding-up plea against a Company.

Religare Enterprises, the financial services group, has moved to

buy a part of the portfolio management services (PMS) business of N Jaya Kumar’s Prime Securities.

To provide a "one stop virtual shop" for all social welfare spending needs of companies, government plans to have a Corporate Social Responsibility (CSR) portal along with data analytics platform.

US-based Telcordia Technologies, now part of Ericsson, has

sought approval from the Foreign Investment Promotion Board (FIPB) to increase stake in its Indian entity to 100 per cent from 74 per cent.

PROFESSIONALS INPUTS:

RBI/2014- 15/187 DGBA.CDD.No.867/15.02.005/2014-15,

Amendment to Public Provident Fund Scheme, 1968.

Chairman of the Central Board of Direct Taxes (CBDT) said that the income tax department will extend the advance ruling facility to the resident tax payers from the current year.

Low-cost airline Spice Jet is under the scanner of the income tax (I-T) department for suspected violations of TDS (tax deducted

at source) and non-distribution of Form-16 to its employees.

MARKET WATCH:

SENSEX: 26,419.55 59.44 GOLD (MCX): 27,806.00 59.00 NIFTY: 7,913.20 22.10 USD/INR: 60.47 -0.21 SILVER: 41,970.0 -0.27 CRUDE OIL: 5680.00 -1.13

CS Rajiv Bajaj

9811453353

Bajajr66@gmail.com

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 23rd August 2014

Date: 2nd July 2014

www.csrajivbajaj.com

Inspirational Story of Tulsi Tanti

(Entrepreneur known for: Suzlon Energy)

Discuss about the most astounding, inspirational rags to riches stories from India

and Tulsi Tanti has to be a part of the overwhelming discussion. The chairman and managing director of Suzlon Energy stands thoroughly distinguished for

having acquired $2 billion market cap wind power based company.

Amazingly ingenious and a firm believer, the entrepreneur kicked off his drive for

success by his first project, which was in the textiles sphere in Surat entitled Sulzer Synthetics Private Limited. However, the company’s name was later

changed to Suzlon Synthetics Limited, which is positioned deeply into wind

energy production.

Estimated as worth 4930 million by Forbes in November 2008, Tusli originally

hails from Rajkot in Gujarat and feels proud for having accomplished milestones in his respective business. A diploma holder in mechanical engineering and a

commerce graduate, he indeed refurbished and leveraged the textile industry in India by realizing their huge potential. Presently endeavoring to capture the

global market, Tanti has magnificently showcased how rags can be transmogrified into riches by scaling the Suzlon Energy higher to the fifth largest

wind turbine manufacturer position in the world and largest in Asia.