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Tuesday, Nov 24, 2009
 
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Govt recalls two directors from Maytas Infra board04-SEP-09
The government today recalled two nominee directors, K Ramalingam and O P Vaish, from the board of Maytas Infra which was handed over to infrastructure major IL&FS on Monday.
Maytas Properties looking at stake sale: Govt director19-JUL-09
Maytas Properties, the real estate firm promoted by Satyam founder Ramalinga Raju’s younger son B Rama Raju, is looking at offloading a stake in the Maytas Hill County residential project. The company needs about Rs 150-200 crore to complete the project.
'Maytas to execute orders worth Rs 8,000 cr'09-JUL-09
Infrastructure firm Maytas Infra today said it has an order book of Rs 8,000 crore even after being dropped by the Andhra Pradesh government from the Rs 12,000-crore Hyderabad Metro Rail project.
Andhra cancels Maytas metro deal08-JUL-09
The Andhra Pradesh government has cancelled the concessionaire agreement for the Rs 12,132-crore Hyderabad Metro Rail Project, a showpiece public-private partnership, awarded to Maytas Infra Ltd, the listed company run by Teja Raju, older son of Satyam Computer Services founder B Ramalinga Raju.
Maytas Infrastructure may divest some projects29-APR-09
To raise funds to complete other assignments; board to formally approve corporate debt restructuring.
Maytas Infra looking for CEO18-APR-09
Maytas Infra Ltd, a firm promoted by Satyam founder chairman B Ramalinga Raju’s kin, is making efforts to appoint a chief executive officer at the company. It has also formed a project management committee to ensure that its projects are not affected.
Maytas Properties mulls escrow account26-MAR-09
Maytas Properties would consider creating an escrow account to ensure that the amount paid by its customers was not used for other purposes, according to customers who have invested in company projects. They interacted with former ICAI president Ved Jain, who was appointed by the government on the company board recently.
Lenders want Maytas Infra recast20-MAR-09
Reconstituted board meets, to talk to lenders.
Maytas Infra board to meet tomorrow18-MAR-09
Maytas Infra, a company promoted by the kin of disgraced founder of Satyam B Ramalinga Raju, today said its board will meet tomorrow to approve, among other things, appointment of O P Vaish and Ved Jain as directors of the company.
CLB permits govt nominees on both Maytas boards06-MAR-09
The Company Law Board (CLB), which was hearing two petitions from the government to supersede the boards of Maytas Properties Ltd and Maytas Infra Ltd, today allowed four government nominee-directors on the board of Maytas Infra, in addition to the existing three directors.
Govt appoints nominees on boards of Maytas cos05-MAR-09
The government today appointed former ICAI President Ved Jain and noted tax lawyer O P Vaish on the board of Maytas Infra, a company promoted by the kin of Satyam Computer founder B Ramalinga Raju.
ICAI will object even if KPMG's audit arm works for Satyam17-JAN-09
The Institute of Chartered Accountants of India (ICAI), which regulates the profession of chartered accountants in the country, today said it would raise objections even if KPMG’s Indian audit arm — BSR and Associates — was engaged to do audit work by the scam-hit Satyam Computer Services Ltd.
ICAI asks Satyam not to give audit work to KPMG16-JAN-09
The chartered accountant regulator, ICAI, has written to the newly appointed Satyam board that KPMG cannot do auditing and accounting work of the Hyderabad-based IT company and expected the board to take up the matter at its meeting tomorrow.
PW can't distance itself from Satyam fiasco: ICAI15-JAN-09
Chartered accountants regulator ICAI today questioned the role of Satyam's statutory auditor Price Waterhouse, saying the bookkeeper cannot dissociate itself from the IT company's accounting fiasco.
ICAI sets up special panel to look into Satyam audit13-JAN-09
Chartered accountants body Institute of Chartered Accountants of India (ICAI) today constituted a six-member special committee to look into the auditing of crisis-hit Satyam Computer, whose disgraced founder Chairman Ramalinga Raju has confessed to fudging accounts.
  
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