Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: list of goods taxed at 4% :: form 3cd :: VAT RATES :: empanelment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS
 
 
« News Headlines »
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return

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 2017 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