According to the order of the Company Law Board, the reconstituted board of the IT major can have a maximum of 10 members.
The government on Sunday, constituted a three-member board comprising noted banker Deepak Parekh, IT expert Kiran Karnik and ex-SEBI member C Achutan and it (the board) will meet within 24 hours for salvaging the battered Satyam Computer.
According to the order of the Company Law Board, the reconstituted board of the IT major can have a maximum of 10 members.
The government on Friday sacked the board of Satyam days after its founder-chairman B Ramalinga Raju admitted to a Rs 7,800 crore fraud in the books of accounts of the IT company.
While welcoming the decision of the government to re-constitute the Satyam board, IT industry body Nasscom chairman Ganesh Natrajan said, "We welcome this move. Karnik is still an active member of Nasscom; being an IT industry insider, his experience would come in handy."
Meanwhile, Satyam Computer Services on Sunday, welcomed the reconstitution of the board, with the spokesperson saying "this is a vital stabilising development for Satyam".
On demand from institutional investors like LIC and Lazard for representation on the Board, Gupta said, "All options are open in the interest of the company."
The board, he added, would have eminent personalities from finance, law, IT and administration, Gupta said. "Further appointments to the board may be made subsequently as required," he added.
"Trucks have started plying in Mumbai, Pune, Vijaywada, Hasan and Jaipur... situation is improving in other parts," Dutt said.
The Centre has called a meeting of all state transport ministers on Monday, to discuss the demands of agitating truckers.
However, the final solution to the problems of the transporters lies in enhancing industrial activity, Dutt said. "There has been some impact on truckers because of the economic slowdown. The ultimate solution to their problems lies in stepping up trade, industrial activity for which the government has announced two stimulus packages," he said.
At the same time, All India Confederation of Goods Vehicle Owners' Association, rival body of AIMTC which has called the strike, has given assurance for extending complete support for supply of goods, Dutt added.
Other smaller truckers' bodies have also assured state governments that they will not participate in the strike and would continue working, he said.
The Centre has also advised states to "identify" 15-20 lakh vehicles which can be impounded and plied by employing retired drivers in public sector undertakings and other government offices, Dutt added.
He also appealed to striking transporters to settle the issue through dialogue and invited them for talks.
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