@Company Law Board
CLB Clears IL&FS Takeover of Maytas Infra
by CXOtoday Staff    Sep 01, 2009
Category : News & Analysis
The Company Law Board (CLB) has approved IL&FS as the company's new promoter. IL&FS, which wrested control of the infrastructure company yesterday from Raju family, will make an open offer as per SEBI guidelines. It will bring in...
Govt. Recalls Four Mahindra Satyam Board Members
by CXOtoday Staff    Jul 20, 2009
Category : News & Analysis
The government has decided to retain C. AChuthan and T. N. Manoharan on the board of Mahindra Satyam, after the Company Law Board allowed it to withdraw four of its nominee directors. according to an official statement. The government had...
CLB Gives Green Light to Tech Mahindra-Satyam Deal
by CXOtoday Staff    Apr 16, 2009
Category : News & Analysis
The Company Law Board (CLB) on Tuesday approved the Satyam sale to Tech MahindraAccording to the agreement, Tech Mahindra can not sell Satyam assets for two years. CLB said the government-nominated directors will continue on the Satyam board,...
Satyam Sale: Work in Progress
by Arun Giri, UTVi    Apr 13, 2009
Category : News & Analysis
Kiran Karnik, chairman, Satyam Computer, said the sale of Satyam is a work in progress, and added that the board was happy that Satyam, in some sense, is being re-born. "We have seen the culmination of the bid process overseen by...
Satyam Sale may Take Six Months
by Arun Giri, UTVi    Feb 24, 2009
Category : News & Analysis
While Securities and Exchange Board of India (Sebi) and the Company Law Board (CLB) may have granted Satyam special concessions to enable it to proceed with its stake sale, the process is still likely to take at least another six months. ...
Satyam Board Seeks CLB Nod for Auction
by Kumar Deep, UTVi    Feb 19, 2009
Category : News & Analysis
The board of directors of Satyam Computer has proposed increasing the company's authorized share capital to Rs. 120 crore, and is planning to make preferential allotment of equity shares. The board is also seeking the approval of the...