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
Latest Expert Exchange
« News Headlines »
 When a Foreign Company is Said to be Resident in India – IT Notification No.29
 Instructions for filling out Form ITR-7
 Do not miss including these 5 incomes while filing your income tax returns
 Who can use ITR1 form to file tax return?
 Who can use ITR1 form to file tax return?
 Central Goods & Services Tax (Seventh Amendment) Rules 2018
 Filing your income tax returns? You need to know which form to submit
 Income tax return filing for FY 2017-18: Here are all the links you need
 Filing your income tax returns? Here are 4 challenges that you may face
 7th Pay Commission and Income Tax efiling: Here is how government employees need to file ITR for AY2018-19
 Don’t forget these tax breaks while filing ITR for AY2018-19 Income Tax efiling

New auditing firm in next 48 hours: Satyam board chairman Parekh
January, 13th 2009

In a jam-packed press conference at Satyam'''s headquarters today, Satyam Board Chairman and HDFC Chairman Deepak Parekh said the board's top pririty was to restore confidence among company's employees, invesitors and clients by continuity of the business.

He said the board was in the process of appointing a new audit firm in the next 48 hours. "We already are in talks with two firms and also called for their applications," he informed.

Replying to a question, Parekh said more board members would be appointed by the central government in days to come. He also said there was a need for addressing staff concern. "Banks should go easy on the Satyam staff," Parekh said.

Dismissing any conflict among directors, Parekh said it was premature to decide on suing PWC, the current Satyam auditor.

He also ruled any talks with the tainted Satyam CEO Ramalinga Raju.

Replying to yet another question, Parekh stressed the need for appointing new CEO and CFO to accord direction to Satyam. "It's an herculean task. It will take some time to find one. And even if we find them, they wouldn't like to sacrifice their good jobs to take up the challenge possed by Satyam," he said.

As of now two clients have expressed satisfaction with Satyam, Parekh said.

Other two board members are Kiran Karnik, former president of the IT industry body the National Association of Software and Services Companies (Nasscom) and C Achuthan, former presiding officer of the Securities Appellate Tribunal (SAT).

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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