Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd :: empanelment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
News Headlines »
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18
 How to file Income Tax Returns online in 5 simple steps

IL&FS renegotiates Maytas Infra debt
November, 10th 2009

Maytas Infra, under the new management of IL&FS, is in the process of renegotiating the corporate debt restructure package with a clutch of banks including SBI, ICICI Bank and IDBI Bank.

The Chief of Operations for Infrastructure at IL&FS, K Ramchand, said the move is part of the exercise to restructure operations and finances, the overall debt burden and potentially raise additional bank guarantees for projects under execution. The process is complex and quite time consuming.

The Maytas debt payment was rescheduled with repayment option over seven years and the company was sanctioned a priority debt of Rs 100 crore and bank guarantee of Rs 200 crore.

The company is also taking expert guidance, including legal, in terms of recovery of inter-corporate deposits of nearly Rs 400 crore. Of this, a major chunk is with the fraud-hit IT firm Satyam Computer.
Open Offer

After the Company Law Board approved IL&FS takeover of Maytas Infra, the company had applied with the SEBI for an open offer to raise additional stake. We expect SEBI clearance to come in shortly and the open offer process could take about a month thereafter, Arun K. Saha, Chairman of Executive Board of Maytas Infra, said.

Earlier, the Maytas Infra board converged here to host its annual general meeting. However, the company is yet to finalise its results as it had sought time from CLB till December.

Maytas Infra, which bagged a major Rs 790-crore road project earlier this month, is in the process of expanding its portfolio of services including airports, ports and power projects, while also bidding for new projects.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions