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
 Tax planning for 2025: How to maximise your savings before March 31 deadline
 New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha
 5 major changes in the last 6 months every taxpayer should know!
 Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
 Top 10 income tax changes from 2024 to look out for while filing ITR in 2025

Satyam to appoint statutory auditor
October, 20th 2009

Nearly 10 months after the Rs 10,000-crore scam surfaced in Satyam Computer, the Company Law Board today allowed the IT company to convene its annual general meeting and appoint a statutory auditor for accounting for 2008-09.    

"The Board of the company is authorised to appoint a statutory auditor for the year 2008-09, subject to ratification by the general body as and when held," CLB Chairman S Balasubramaniam said while passing an order.    

The CLB, however, rejected the government's opposition to Satyam's decision to appoint accounting firm Deloitte as their statutory auditor. Government officials requested CLB Chairman to appoint one auditor for this purpose.    

"No, No I am not going into it (appointing an auditor). This is not my job. I allow for a statutory auditing but would not mention any name," he said.     

Earlier this year in January, Satyam founder B Ramalinga Raju admitted to inflating company's profits and to cooking account books for many years. Following the startling revelation, the government had superseded the company board and appointed new board members.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting