CLB to recall govt appointed Satyam directors

Most Commented

Unified Communication for your Biz

Improve your contact center performance. See how you can make a difference.

Watch Now

Reach the ICT Community

Engage and build your ICT audience with CIOL online advertising.

Know more

CLB to recall govt appointed Satyam directors

According to sources the job of the government is over as the new management has taken charge of the company

Tuesday, June 30, 2009

Email This

Print This

Comments

RSS

NEW DELHI, INDIA: Six months after superseding the Board of Satyam Computer Services (now renamed Mahindra Satyam) and appointing its nominees on it, the Government of India is likely to move the Company Law Board (CLB) this week for recalling these directors to hand over effectively the management to the new owner of IT firm, Tech Mahindra, said a report on Tuesday.

The Ministry of Corporate Affairs may move CLB on Wednesday for recalling the six nominee directors appointed by it in January following the financial scandal was exposed and B Ramalinga Raju, the founder of the IT firm, confessed to cooking of books of accounts of the company for several years, a PTI report said, quoting official sources.

Recently there were reports that the government appointed board members are getting ready to quite the firm, as the new management has taken charge.

According to government sources the job of the government is over as the management of the company has been handed over to the new owner, Tech Mahindra.

Would you like to on this article?

Read Comments

Dhanpal meena said on 6/30/2009 8:40:43 PM:
????? ????? ??. ?????? ?. ????? ??. ??????? ???.

to Dhanpal meena

Name
Email
Your reply

Intuit Money Manager set to make India debut

Is China speaking English to beat Indian IT?

Obama visit arouses mistrust among China netizens

I have never used Twitter: Obama

Satyam rejects Rs 1230-cr claims from 37 firms

Chandigarh cyber cafes raided

Product recall will strengthen brand Nokia

Mobile number portability from Dec 31

Delta launches new UPS series 'NH Plus'

Facebook grew by 1,840 p.c in a year

	Simplify Business Management. ERP solutions by IBM
	Carry your Dream, Convey your Value with ZTE
	A fault tolerant server to reduce your TCO

	A must attend event for IT Professionals
	How to make your enterprise productive
	Unified Communication can impact business. Know how

	Making Web3.0 a Reality!
	CIOL Enterprise Next :What's NEXT in IT? :
	Decrease Total System Costs With Cyclone IV FPGAs

	Reach your desired Target Audience and realize high ROI
	Effective ways of Customer Acquisition through Demand Generation
	Reach 2,500 potential Enterprise Customers!