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THOUGHT OF THE DAY

THOUGHT OF THE DAY

"Anything's possible if you've got enough nerve…"

Law Updates:

Finance Ministry, through the Central Board of Direct Taxes (CBDT), has asked the department to create "local committees" comprising senior officers in each region, and has directed them to dispose such grievance and complaint petitions "within two months" from the end of the month in which such a petition is received.

BSE to host Conscious Leadership conclave for head honchos jointly with Artha Forum and Indo-American Chamber of Commerce on saturday. Prominent personalities from the industrial and corporate world will join a conclave on 'Conscious Leadership - Passion, Purpose and Profit', for application of ancient Indian principles in modern businesses.

The 7th Pay Commission will submit its report to Finance Minister Arun Jaitley on Thursday recommending increase in remuneration of central government employees as well as pensioners.

The investigation wing of Income Tax (IT) department is sharpening its strategies to make search and survey procedures more effective, an official said. IT department is doing 360 degree profiling of the taxpayers based on the humongous quantum of data generated and captured.

PROFESSIONALS INPUTS:

Vide MCA Notification dated 16 November, 2015 notified The

Companies (Management and Administration) Third Amendment

Rules, 2015 under which MCA issued new version of form No. MGT-7.

Government released FAQs on Swachh Bharat Cess.

Vide Circular No. 188/7/2015-ST dated 16 November, 2015

Government notified Accounting code for payment of Swachh Bharat

Cess.

Vide DVAT Circular No. 29 of 2015-16 dated 16 November, 2015

extended the last dated of Filing of online/hard copy of second quarter

return for the year 2015-16 upto 20/11/2015.

MARKET WATCH:

SENSEX: 25834.61 -28.30 NIFTY: 7829.40 -7.95

SILVER: 33637.00 -70.00 GOLD (MCX): 25067.00 39.00

USD/INR: 66.10 0.08 CRUDE OIL: 2711.00 8.00

CS Rajiv Bajaj

9811453353

Bajajr66@gmail.com

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 18th November, 2015

www.csrajivbajaj.com

Shantanu Narayen

CEO of Adobe Systems

"If you can connect all the dots between what you see today

and where you want to go, then it's probably not ambitious

enough or aspirational enough." - Shantanu Narayen

Shantanu Narayen is an Indian American business executive and the CEO of Adobe Systems one of the world’s leading software companies. Prior to this, he was the president and chief operating officer since 2005. He is also the president of the board of the Adobe Foundation. Nine years after joining Adobe, Narayen was appointed as CEO in 2007. He is one of world’s top paid tech CEOs, he is lauded for his leadership qualities, technology insight and operational proficiency, which helped Adobe expand its products portfolio.

Early life Shantanu Narayen grew up in Hyderabad, India, the second son of a mother who taught American literature and a father who ran a plastics company. He went to Hyderabad Public School in Hyderabad. Narayen holds a Bachelor of Science in electronics engineering from Osmania University in India, a Master of Business Administration from the University of California, Berkeley, and a Master of Science in computer science from Bowling Green State University in Bowling Green, Ohio. On May 7, 2011, Narayen received an honorary Doctor of Applied Science degree from his alma mater, Bowling Green State University. Nine years after joining Adobe, Narayen was appointed as CEO in 2007. One of world’s top paid tech CEOs, he is lauded for his leadership qualities, technology insight and operational proficiency, which helped Adobe expand its products portfolio.

Career He started his career at Apple. After Apple, Narayen served as director of desktop and collaboration products for Silicon Graphics, then co-founded Pictra Inc. a company that pioneered the concept of digital photo sharing over the Internet. Narayen joined Adobe in 1998 as a senior Vice-President of worldwide product research, was later promoted to executive vice president of worldwide products, and appointed to his current post in January 2005 at the age of 41. He also serves on the board of Dell Inc. and the advisory board of the Haas School of Business, University of California at Berkeley On November 12, 2007, Adobe Systems announced in a press release that Bruce Chizen would step down from his role as Chief Executive Officer effective December 1, to be replaced by Shantanu Narayen. Narayen is paid an annual salary of $875,000 for his role as chief executive. He was paid a total remuneration of $15.7 million in 2013. In 2009, Narayen was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency. In 2011, US President Barack Obama appointed him as a member of his Management Advisory Board.