(a) whether Satyam Computers have face punitive action in United States for the violation of regulations of the United States Security Exchange Commission;
(b) if so, the impact of this action on the share holders of the company; and
(c) the steps taken by the Government in this regard?
THE MINISTER OF CORPORATE AFFAIRS (SHRI SALMAN KHURSHID)
(a) The successor in interest to the Satyam Computer Services Ltd. (SCSL) brought to the
notice of Securities and Exchange Board of India (SEBI) that Securities and Exchange
Commission (SEC) of the United States of America, vide its letter dated September 17, 2009
offered it the opportunity to make a Wells Submission to a notice from the Commission for
action against the company.
(b) & (c) Chairman, SEBI has drawn the attention of Chairman, SEC, USA, to the various steps
taken by the Government of India and Enforcement Agencies in India including SEBI regarding
action against the wrongdoers and simultaneously for protecting the company and its investors.
SEC has also been requested by SEBI to keep in mind the interest of both the Indian and
American investors in the company.