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: due date for vat payment :: form 3cd :: VAT Audit :: articles on VAT and GST in India :: empanelment :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: cpt :: ACCOUNTING STANDARDS :: VAT RATES
 
 
News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

Battle hots up over Maytas
September, 18th 2009

A fortnight after the Company Law Board (CLB) handed over Maytas Infra to IL&FS, a tug of war has begun between the infrastructure major and the Raju camp over who will be the next chief executive officer (CEO).

The issue of who will occupy the CEOs position, which till recently was held by erstwhile Maytas Infra promoter Teja Raju, is learnt to have been hotly debated at a Maytas Infra board meeting held in Hyderabad on Wednesday.

According to sources, Teja Raju, who along with the Raju family, still holds 23% stake in the company (locked in till October 2010), is keen on installing one of his loyalists in the top slot.

The logic being offered: the company needs an experienced Maytas Infra hand who is well-versed with the companys day-to-day affairs.

Sources said the Raju camp has been pushing the case of insiders Chander Sheel Bansal and Rajendra Nimje, both of whom are currently presidents. In fact, Bansals name is learnt to have been strongly mooted at Wednesdays meeting but was shot down by IL&FS officials, who understandably want their own man at the helm.

While, IL&FS officials could not be reached, sources said a decision on the CEOs position was expected to be taken shortly. Wednesdays meeting is understood to have been attended by IL&FS chairman Ravi Parthasarathy, who will also take over as Maytas Infra chairman, IL&FS managing director Hari Sankaran as well as some other IL&FS top guns, along with two government appointed directors Ved Jain and Anil Agarwal.

Teja Raju, who was asked to step down as vice-chairman and CEO of Maytas Infra after the CLB order, had been acting as CEO since January 3, 2009, after the then chief executive officer KP Madhav was arrested in connection with a Nagarjuna Finance depositors case.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

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