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| Andrew Yule to invite bids for DPSC on Nov 20 | 15-NOV-09 |
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| "We will now invite bids for selling our 15 per cent and institutions' 42 per cent stakeholding in DPSC on November 20," Chairman and Managing Director of Andrew Yule Kallol Datta told PTI. |
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| CLB allows Maytas Infra to finalise Q2 results by Dec '09 | 27-OCT-09 |
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| Crisis-hit Maytas Infra today said the Company Law Board (CLB) had allowed the company to report its accounts for the quarter ended September by December 31.
In a filing to the Bombay Stock Exchange, Maytas Infra said: “CLB, vide its order dated October 23, 2009, granted extension of time for publication of financial results of the company for the quarter ended September 30, 2009, up to December 31, 2009.”
Earlier in September, Infrastructure Leasing & Financial Services Ltd |
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| CLB allows Maytas Infra to finalise Q2 results by Dec 09 | 26-OCT-09 |
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| Crisis-hit Maytas Infra today said the Company Law Board has given time to the company to report its accounts for the quarter ending September by December 31.
In a filing to the Bombay Stock Exchange, Maytas Infra said, "The CLB, vide its order dated October 23, 2009, granted extension of time for publication of financial results of the company for the quarter ended September 30, 2009 up to December 31, 2009."
Earlier in September, Infrastructure Leasing & Financial Services |
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| NYSE raps Satyam for not filing annual report | 21-OCT-09 |
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| The NYSE also warned that an ‘LF’ indicator would be appended to the company’s trading symbol and profile, date and news pages provided by the Exchange, Satyam announced in a filing to the BSE and NSE today. |
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| CLB allows Satyam to appoint statutory auditor | 15-OCT-09 |
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| 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 |
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| Deloitte applies to become Mahindra Satyam auditor | 31-AUG-09 |
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| Global auditing firm Deloitte wants to become the statutory auditor of scam-hit Satyam Computer Services (rebranded as Mahindra Satyam to reflect its new ownership by Tech Mahindra), according to T N Manoharan, one of the two government-appointed directors retained on the board of the company. |
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| Empowering small investors | 28-AUG-09 |
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| What do investors do when, as in the Satyam case, the management perpetrates a fraud on them, when independent directors are unable to detect the fraud, or when auditors either connive or are lulled into certifying the accounts as true? File against the company in the Company Law Board, you might say. But the law there does not recognise shareholders as people who have any locus standi in the matter, never mind if they lost Rs 5,000 crore on account of the collapse of the company’s share price. You could go to the police and file a case in the Economic Offences Wing, but that’s a path whose success depends on whether your children and even perhaps grandchildren wish to pursue the case, after your time has passed. In any case, there is little doubt that action by a group is always going to be taken more seriously than anything done by individuals. |
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| No interim stay on Hyd Metro: HC | 29-JUL-09 |
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| The Andhra Pradesh High Court here declined on Tuesday to stay the state government order cancelling the city’s Metro Rail project award to Maytas Infra, the company promoted by the family of Satyam Computers’ disgraced founder, Ramalinga Raju. |
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| Not up to speed? | 24-JUL-09 |
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| When the Company Law Board allowed the government to recall four of its six nominee directors on the board of Satyam Computer Services, Corporate Affairs Minister Salman Khurshid was asked the names of the two directors who would remain on the board. While Khurshid said the government would take a call on it later in the evening, a press release from his ministry had already informed journalists of the two names. |
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