Satyam

The Government has also introduced Companies Bill, 2008 in the Lok Sabha to provide for a comprehensive revision of the Companies Act, 1956 including, inter alia, provisions that would enable more effective checks against irregularities/frauds by companies.

The events relating to Satyam Computer Services Ltd. relate to a particular company and do not represent a failure of the regulatory system and relevant regulatory authorities.The events relating to Satyam Computer Services Ltd. relate to a particular company and do not represent a failure of the regulatory system and relevant regulatory authorities.

Government has set up an electronic registry with round - the clock - access through internet. The Government has powers of inspection of the books of accounts of companies and also to investigate their affairs, if need be, under the Act. In addition, the Act provides for appointment of independent, statutory auditors to audit the accounts and report to the shareholders.