Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: cpt :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: form 3cd :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT Audit :: due date for vat payment :: VAT RATES
 
 
« News Headlines »
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended
 What is GST?
 Income-tax (15th Amendment) Rules, 2017?
 Banks get a breather as GST Council extends deadline for tax filing
 Income Tax filing: Your easy guide in 7 steps

Satyam's restated accounts likely in July
May, 07th 2010

The investors of Mahindra Satyam, the erstwhile Satyam Computer Services, may need to wait a bit longer to know the companys real financial health, as the June 30 deadline of restating company's financial may be extended at least by a month.

The reason for this is that some key documents are still lying in CBI's custody, which are critical for forensic investigation.

Mahindra Satyam board is expected to meet on May 30 to take a final call on the financial restatement deadline.

The company may seek an extension from the company law board in order to access documents from CBI till July 31.


The other option being considered is to stick to the June deadline and release the financials with caveats.

The financial restatement is expected to be for a period of 5 years ending 2009 and a separate set of financials will be released for FY 10 at a later date in July.

Revenue runrate for Mahindra Satyam for FY 10 is expected to be over $1 billion with positive cash flow and with margins of over 10 per cent.

The decision makers at Mahindra know it is critical to restate the accounts of Mahindra Satyam as only then can they proceed with its merger plans with Tech Mahindra.

But with Satyam listed in the US markets and back home procedural delay is a reality, the decision will made whether its June 30 or July 31 by the end of this month when the investors will get access to restated accounts of the company.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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