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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TDS :: empanelment :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: form 3cd :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD
 
 
« News Headlines »
 A tax saver scheme with higher returns
 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

Satyam bidding in final lap
April, 11th 2009

Board will take "appropriate" decision if Tech Mahindra bids.

With only two days left for the final bidding process to start (9 am on April 13), the government-appointed board of Satyam Computer Services is giving final touches to the modalities. And providing the extra information the potential bidders wanted.

If Tech Mahindra decides to bid, it could raise concerns of transparency and corporate governance, as Deepak Parekh, member of the Satyam board, has also been on Mahindra and Mahindras since 1990. Parekh may stay away from the process if Tech Mahindra bids, said a source close to the development. When spoken to, Satyam board chairman Kiran Karnik told Business Standard: Mr Parekh is a person of repute. If Tech Mahindra does bid, we will take all concerns into account and take an appropriate decision in this regard.

Meanwhile, Larsen & Toubro (L&T) which already has over 12 per cent stake in Satyam is emerging as a front-runner, says a source. Tech Mahindra is another strong contender and is understood to have called for a board meeting on Sunday, a day before the closing date for the financial bids. Senior officials from BT, Tech Mahindras largest stakeholder, are in Mumbai to attend the meet.

Nasdaq-listed Cognizant Technology Solutions is also understood to be in the race. An investment banker in the know said the IT bellwether has an arrangement with private equity firm Wilbur L Ross & Co and if the price exceeds the limit it has in mind, it will join hands with the PE firm.

The surprise package could be the Spice group, hinted a source. The B K Modi-owned group, which had completed the second round of bidding, withdrew from the race on grounds of lack of transparency. It had written to the Satyam board, expressing its concerns and asking for an open auction and increased transparency, besides disclosing names of the other bidders. A Spice Corp spokesperson had then said: We are withdrawing from the race, and will only reconsider our decision if our concerns are addressed.

When asked if Spice group is reconsidering, Karnik said: All I can say is that we have responded to their concerns. Spice group officials could not be reached, despite repeated attempts.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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