GoI appoints directors on Maytas Boards
The Government of India on Thursday appointed former ICAI President Ved Jain and noted tax law practitioner O P Vaish on the board of Maytas Infra, a company promoted by the family members of Satyam Computer founder B Ramalinga Raju.
Ved Jain has also been appointed director on the board of Maytas Properties, another company promoted by the family members of Satyam Raju.
Corporate Affairs Minister Prem Chand Gupta said that two other directors including chairman of Maytas Infra would be appointed soon.
Earlier the Company Law Board rejected the plea to remove the existing directors on the boards of the twin Maytas companies, but allowed the GoI to appoint four directors on the board of Maytas Infra and one on the board of Maytas Properties.