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: Central Excise rule to resale the machines to a new company :: empanelment :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: form 3cd :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

Satyam may opt for open bidding; board meet today
February, 12th 2009

The board of Satyam Computer Services, which will meet here on Thursday, will chart out a long-term roadmap for the company in the next 10 days, Chairman Kiran Karnik said.

The board will also take a call on a potential buyer for the company apart from planning to get a bank loan in the next few days. Our priority is is to get stability into the company and solve the financial issues. The next phase is to plan for the medium and long-term. This is something we will be defining in the next 10 days, said Karnik.

There were also reports that the board might opt for an open bidding process, which will bring in the much-required funds into the company. The board will also insist that only companies with a good track record can bid for the company. Howerver, this could not be confirmed.

While sale of the company is imminent, Karnik ruled out the possibility of part-sale of Satyam business. The board thinks that Satyam should be looked as a whole entity. One of the reasons for this is that, there can be argument that some of the parts might get more interest. The good parts will be cherry-picked while some might be left out. In case that happens there might be a danger of people losing their jobs. Besides, companies are looking at firms holistically, he added.

Karnik agreed the company will have a new owner in some time. Bankers Goldman Sachs and Avendus Advisors will provide the inputs and the board will provide the recommendation to the government.

Some of the bidders that have shown interest in the company are L&T, which has a 12 per cent stake in the company, Aegis the BPO arm of Essar group, the Hinduja Group, Tech Mahindra and B K Modi.

He declined to comment on whether the board will decide on the open offer issue at tomorrows board meeting.

Indian firm to audit
The board of Satyam Computer Services is close to appointing an Indian audit firm to certify restated accounts of the company. The Satyam board has sent us a list of 10 Indian accounting firms, said Uttam Prakash Agarwal, the newly-elected president of the Institute of Chartered Accountants of India (ICAI).

ICAI, the body that regulates the chartered accountants profession in India, will screen the firms to see if there are any pending cases against them and will revert to the Satyam board. The body also submitted the interim report on Satyams financial scam.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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