New Delhi, Nov 26 (Inditop.com) Corporate Affairs Minister Salman Khurshid Thursday said his ministry had granted no special favours to Mahindra Sataym in giving it extra time to state its book of accounts.
“No special favour is being shown to anyone. No rigidity will be shown either. I think the best that can be done for the stakeholders is being done by them. Whatever assistance they have asked, we have given,” Khurshid told reporters here.
“They had a difficult task to do and if they need more time for it, I think legal procedures give them that opportunity,” the minister added, referring to the company’s officials.
The Company Law Board (CLB) had permitted Mahindra Satyam’s request to allow it to adjust “errors, omissions, misstatement and other irregularities” prior to 2008-2009 when the company was known as Satyam Computer Services.
The CLB gave Mahindra Satyam — the IT bellwether’s new name after it was acquired by Tech Mahindra — time till June 2010 to restate the accounts.
The earlier deadline for restating the accounts was December 2009.
