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
General »
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute
 GST, infrastructure status drive PE investments in warehousing
 Taxman should move towards limited scrutiny
  Government likely to withdraw tax notice on free banking services
 GST Council may bring natural gas, aviation turbine fuel under its purview at next meeting
 IT department cautions TDS deductors against quarterly filing default
 The notification said start-ups approved by an inter-ministerial panel are exempted from the tax which is levied on firms issuing shares to investors above their fair value, treating it as income from other sources
 Why you need to sort out your tax-residency status
 Government likely to withdraw tax notice on free banking services
 Senior Citizens Savings Scheme Rules, 2004
 How salaried individuals can avail full potential of I-T benefits

Satyam's account of the new entity, expected by June : Mahindra
February, 01st 2010

Mahindras said on Sunday Satyam Computers (now Mahindra Satyam) will be merged with its flagship IT firm Tech Mahindra after settlement of accounts of the new entity, expected to be completed by June this year.

"(Why) we cannot merge them (Mahindra Satyam and Tech Mahindra) now is because we do not have accounts settled. The moment we get the accounts settled, we can set the time frame," Mahindra & Mahindra Vice-Chairman Anand Mahindra told PTI here on the sidelines of the World Economic Forum here.

He said at present a 'forensic auditing' of Mahindra Satyam is being conducted by KPMG and the accounts are likely to be finalised by June.

Forensic auditing is an accounting exercise for gathering proof for probing a fraud. Satyam founder B Ramalinga Raju early last year had admitted to committing a multi-crore accounting fraud in the company.

Explaining the reasons for the forensic auditing, he said: "Because they have to go back and go on a trail."

Tech Mahindra had acquired Hyderabad-based Satyam in June last year for about Rs 2,890 crore after its founder Ramalinga Raju admitted to committing a multi-crore accounting fraud. Subsequently, the company was renamed Mahindra Satyam.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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