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
News Headlines »
  Income tax (4th Amendment) Rules 2019
 Here are all the changes in ITR form for FY 2019-20 Income Tax return filing
 How to fill salary details in ITR-1 for FY 2018-19
 Step-by-step process to file income tax return online ITR filing FY19
  Order under section 119 of the Income-tax Act, 1961
  Things to keep in mind while filing ITR
 Here's how the new Form 16 will change income tax return filing this year
 Things you must keep in mind while filing income tax returns this year
 Five tax saving investments with tax-free income Double income tax benefits in 2019
 Companies (Incorporation) Fifth Amendment Rules, 2019
 Filing Income Tax Return? Here is list of important documents

Govt won't let Satyam lay off
June, 01st 2009

Corporate affairs minister Salman Khursheed said that the government would not be a mute spectator to the layoff plans in scam-hit Satyam.

The minister hinted at the government's "active involvement" in the company's affairs even after its takeover by Tech Mahindra of Mahindra and Mahindra group.

"Layoffs -- this is something we are not going to turn a blind eye to as we have a relevant presence in decision making," the minister said, adding that his ministry would liaise with the company on this issue.

Taking a firm stand on the reported comment of Tech Mahindra CEO Vineet Nayyar that there were 10,000 surplus people in Satyam, Khursheed said, We will not allow the company to be taken for a ride. Our opinion and advice are important till things improve."

There were reports in a section of the media that Satyam was planning to lay off about 8,000 staff working in departments like marketing, HR and administration. Commenting on the possibility of similar frauds in the corporate world and whether Satyam was just the tip of the iceberg, Khursheed said, "I would call it a symptom of something wrong in the system. You need to treat the system, the root... otherwise the symptom may reappear. If I call it a tip, it means I am saying there is an iceberg."

Khursheed said probe ordered by his predecessor P C Gupta would be taken to its logical conclusion. "It will make my task easier," he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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