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 »
 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
 The Central Board of Direct Taxes unveiled new Income Tax Return forms for assessment year 2018-19 on 5 April. Although the manner of filing returns remains the same as compared to last year, certain changes have been incorporated in the new ITR forms.
 Income Tax efiling: Must-do steps to file your IT return for FY 2017-18 on time till you get Form 16
 What are the tax filing deadlines for financial year 2017-18?
 How income tax department can penalise you for under-reporting, misreporting income
 Start your tax planning right now
 Government confident of meeting fiscal deficit, tax revenue targets
 Clarification with respect to the E-way Bill System
 Here is how you can save on taxes

Maytas Infra board got new chairman
April, 11th 2009

K Ramalingam, former Chairman of the Airports Authority of India (AAI), and Maytas Infras newly inducted board member, has been named Chairman of the board.

Ramalingam and Anil K Agarwal, past president of Assocham were appointed in the first week of April as additional directors on board by the Company Law Board.

The government had last month appointed noted tax lawyer O P Vaish and past president of Institute of Chartered Accountants of India Ved Jain on the board of Maytas Infra following an order by the Company Law Board in this regard.

Maytas Infra is promoted by B Teja Raju, son of B Ramalinga Raju disgraced founder of Satyam Computers. The firm was starved of funds after Ramalinga Raju confessed to perpetrating a Rs, 7,000 crore financial fraud at Satyam.

The government wanted to supersede the Maytas board, but this was turned down by the Company Law Board. The CLB instead issued a directive to the government to appoint four nominee directors.

Maytas Infra is now undergoing a corporate debt restructuring (CDR) exercise. CDR is done to re-organise the outstanding obligations to financial institutions.

Banks have an exposure of around Rs 5000 crore in the firm.

It has an order book of about Rs 8,000 crore, apart from the prestigious Rs 12,000 crore Metro Rail Project, which is in a limbo.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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