- Friday, April 8, 2011, 4:14
- CA CS ICWA
- 5 views
Mahindra Satyam -- brand identity of Satyam Computer Services Limited -- which recently announced that it had agreed to pay $125 million to settle class action suits in USA, is yet to get Reserve Bank's nod to transfer the funds, a senior company official said. "It (RBI) wanted some clarifications. We are in the process of submitting documents. It is just a matter of time," the official told PTI.
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- Friday, October 30, 2009, 1:55
- Company Law
- 9 views
The Corporate Affairs Minister, Mr Salman Khurshid, on Wednesday said that the Companies Bill, 2009 will also have provisions for Class Action suits that will allow investors to seek compensations from companies. At a workshop to discuss the Bill, Mr Khurshid said, “Compensation cases in India are a long-drawn-out process, with few success stories. Within the current framework of the company law there is no provision for compensation for shareholders in the event of ne..
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- Sunday, July 19, 2009, 6:17
- CA CS ICWA
- 0 views
1. The Indian government represented by the Corporate Affairs Minister Salman Khurshid said last Friday said that the government will support Mahindra Satyam in resolving class action suits which it is facing in the US.On the other hand, not only does the Securities and Exchange Board of India (Sebi), which is probing the accounting scam [...]
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