www.csrajivbajaj.com

c

THOUGHT OF THE DAY

THOUGHT OF THE DAY

“You must be the change you wish to see in the world…”

Law Updates:

The Companies Act, 2013 is likely to be implemented fully by March

2016, president of the Institute of Company Secretaries of India (ICSI)

Atul H Mehta has said. The Act is being implemented partially and the

unimplemented sections of the National Company Law Tribunal

(NCLT) are being fully executed.

IT department has decided to launch a new system of issuing email

notices to which an assessee can respond electronically, obviating the

need for a physical interface with the taxman which often led to

complaints about harassment.

Check genuineness of certificates issued by CAs: CVC to ICAI. The Central Vigilance Commission has recently written to the Institute of Chartered Accountants of India (ICAI) asking it to ensure genuineness of certificates issued by CAs to curb the fraudulent activities of loan seekers from public sector banks.

PROFESSIONALS INPUTS:

Vide Notification Institute of Cost Accountants of India Request for

Suggestions for Union Budget 2016-17 on statutory provisions related

to Direct Taxation, Indirect Taxation to strengthen the cost

competitiveness of Indian industry.

To ensure greater transparency, market regulator SEBI has asked all

listed companies to update their website within two working days for

any change in the information provided on this platform. The

information to be updated include details of agreements with the media

companies and their associates.

The Securities and Exchange Board of India is planning to put in place a

mechanism to ensure prompt and proper disclosure of changes in credit

ratings of listed firms, especially those with bad debt. It is also looking

to revamp norms for credit rating agencies, including the possibility of

asking them to disclose their rating actions directly through the stock

exchange platform for the benefit of investors.

MARKET WATCH:

SENSEX: 26137.73 -81.18 NIFTY: 7958.10 -23.80

SILVER: 36060.10 -17.00 GOLD (MCX): 26530.00 61.00

USD/INR: 65.08 0.12 CRUDE OIL: 3018.00 5.00

CS Rajiv Bajaj

9811453353

Bajajr66@gmail.com

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 21st September, 2015

www.csrajivbajaj.com

SATYA NADELLA

CEO of Microsoft Corporation

Satya Narayana Nadella (born 19 August 1967) is an Indian-American business executive. He is the current chief executive officer (CEO) of Microsoft. He was appointed as CEO on 4 February 2014, succeeding Steve Ballmer. Before becoming CEO of Microsoft, he was Executive Vice President of Microsoft's Cloud and Enterprise group, responsible for building and running the company's Computing Platforms, Developer Tools and Cloud Computing Services.

Early life

Nadella was born into a Telugu speaking family in Hyderabad, Telangana, India. His father, Bukkapuram Nadella Yugandher, was a civil servant of the Indian Administrative Service. Nadella attended the Hyderabad Public School, Begumpet before attaining a bachelor's degree in electrical engineering from the Manipal Institute of Technology in 1988 (then affiliated with Mangalore University), Manipal, Karnataka. Nadella subsequently traveled to the U.S. to study for an M.S. degree in Computer Science at the University of Wisconsin–Milwaukee, receiving his degree in 1990. Later he received an MBA from the University of Chicago Booth School of Business. In 1992 Nadella married Anupama, daughter of his father's Indian Administrative Service (IAS) batchmate, K.R. Venugopal. They have three children, a son and two daughters, and live in Bellevue, Washington. Nadella said he "always wanted to build things". He knew that computer science was what he wanted to pursue, but that emphasis was not available at Manipal University. "And so it [electrical engineering] was a great way for me to go discover what turned out to become a passion," he says.

Career

Nadella worked with Sun Microsystems as a member of its technology staff prior to joining Microsoft in 1992. At Microsoft Nadella has led major projects including the company's move to cloud computing and the development of one of the largest cloud infrastructures in the world. Nadella worked as the senior vice-president of Research and Development (R&D) for the Online Services Division and vice-president of the Microsoft Business Division. Later, he was made the president of Microsoft's $19 billion Server and Tools Business and led a transformation of the company's business and technology culture from client services to cloud infrastructure and services. He has been credited for helping bring Microsoft's database, Windows Server and developer tools to its Azure cloud. The revenue from Cloud Services grew to $20.3 billion in June 2013 from $16.6 billion when he took over in 2011. Nadella's 2013 base salary was nearly $700,000, for a total compensation, with stock bonuses, of $7.6 million. Previous positions held by Nadella include:

President of the Server & Tools Division (9 February 2011 – February 2014). Senior Vice-President of Research and Development for the Online Services Division (March 2007

– February 2011). Vice-President of the Business Division. Corporate Vice-President of Business Solutions and Search & Advertising Platform Group. Executive Vice-President of Cloud and Enterprise group.

On 4 February 2014, Nadella was announced as the new CEO of Microsoft, the third chief executive in the company's history.

Nadella is an avid reader of American and Indian poetry. He is also interested in cricket, his passion growing up, having played on his school team. He mentioned having learned leadership and teamwork from cricket.