The New York Stock Exchange has given Satyam Computer time till October 15, 2010 to file its annual report and remain listed on the US bourse till then.
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Satyam had sought more time from NYSE to file the annual report which it could not file due to the alleged account fudging by the previous promoter chairman B Ramalingaraju.
The exchange had earlier said that it could commence delisting proceedings at any time during the period that is available to complete the filing, if circumstances warrant.
The Hyderabad-based company today said it received a letter from NYSE stating their decision on April 23.
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NYSE communicated its decision to continue the listing of the company and to extend until October 15, 2010, the deadline for the company to complete and file its Form 20-F for the fiscal year ended March 31, 2009, with the Securities and Exchange Commission, Satyam Computer said in a communication to the Bombay Stock Exchange.
NYSE, had earlier written a letter to Satyam stating that the company will be included in the late filer's list.
The Company Law Board (CLB) had allowed Satyam to file documents — including the financial statements for the 2008 and 2009 financial years with various statutory authorities in India and with the stock exchanges by June 30, 2010.