Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 March 31 deadline is getting near. How to save income tax with tax loss harvesting?
 45-day MSME payment rule: Impact and details of Section 43B(h) explained
 Small savings schemes that offer tax benefits of up to Rs 1.5 lakh under section 80C
 RE-OPENING OF CORRECTION WINDOW FOR MAY 2024 CA EXAMINATIONS
 Powerful Upgrades, Tally 12+1 months renewal Plan and Connected Services for your growing Business - March 2024
 How innovative solutions can help fix the Sec 43B conundrum for MSMEs
 Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears
 Release Notes for TallyPrime and TallyPrime Edit Log Release 4.1 | What s New!
 Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
 4 tax-planning mistakes to avoid this season
 ITR 2024: Here are 8 ways by which senior citizens can save on taxes this year

Satyam's board begins talks on funding options, new CEO
January, 17th 2009

The new-look board of Satyam Computer Services began its meeting here to discuss among other things options to raise funds to keep the business alive.

The board, whose size was doubled with the induction of three members on Thursday, is likely to elect a new Chairman to steer the company out of the financial mess that its founder Ramalinga Raju led it into.

The government had appointed Tarun Das, T N Manoharan and S Balkrishna Mainak, on Satyam's board, which already has Deepak Parekh, Kiran Karnik and C Achuthan.

Discussions about the financial situation of the company in the backdrop of Ram Mynampati's SoS to the Corporate Affairs Ministry is expected to dominate the agenda, as also complaints from accounting regulator ICAI about the board's choice of auditor to restate Satyam's financials.

Although the board had appointed KPMG and Deloitte, ICAI had objected to the appointment of KPMG, since it is not a registered with the regulator.

The board has been mandated to protect the interest of over 50,000 Satyam's employees and stakeholders following Raju's revelation of accounts fudging. The board is also expected to decide on the appointment of new CEO and CFO to bring back the company' s operation to normalcy.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting