Not aware of Kiran Karnik being on EMRI board: PC Gupta Not aware of Kiran Karnik being on EMRI board: PC Gupta Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Top Headlines »

Open DEMAT Account in 24 hrs
ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
Tax audit deadline September 30: Common mistakes taxpayers should avoid
Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money
ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR
ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief


« Manipulated Satyam accounts for 7 yrs, confesses Raju...	Satyam fraud: More than accounting skullduggery... »
Not aware of Kiran Karnik being on EMRI board: PC Gupta

January, 12th 2009
Minister of Corporate Affairs PC Gupta said he was not aware that Kiran Karnik, one of the newly-appointed Satyam board member, was also on the board of Emergency Management and Research Institute (EMRI). However, he said there is no conflict of interest with HDFC chairman Deepak Parekh being on the board of other IT companies.Mr Parekh is also on the new Satyam board. ICAI will take its own action in due course, do not want to rush to any action under pressure, Gupta added. Commenting on the same, EMRI CEO, Venkat Changavalli said Karnik resigned from EMRI governing board on January 9. He also said that Satyam founder and former Chairman, B Ramalinga Raju also resigned as EMRI Chairman on January 7. EMRI, a non-profit organisation, has been providing comprehensive emergency response services since August 2005 in Andhra Pradesh and was expanding into other states.