Satyam Computer Services Ltd
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
For the month of January, 2009
Commission File Number 001-15190
Satyam Computer Services Limited
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrants name into English)
Satyam Infocity
Unit 12, Plot No. 35/36
Hi-tech City layout, Survey No. 64, Madhapur
Hyderabad 500 081
Andhra Pradesh, India
(91) 40 3063 6363
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the Registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to registrant in connection with Rule
12g3-2(b): Not applicable.
The Company is incorporating by reference the information and exhibits set forth in this Form 6-K
into its registration statement on Form S-8 (Registration No. 333-13772 and Registration No.
333-139949).
TABLE OF CONTENTS
Other Events
On January 9, 2009, B. Ramalinga Raju, Satyam Computer Services Limiteds (Satyam) former
Chairman of its Board of Directors, and B. Rama Raju, Satyams former Managing Director and Chief
Executive Officer, were arrested by Hyderabad police on charges of criminal breach of trust,
criminal conspiracy, cheating, falsification of records and forgery. Following their arrests, on
January 10, 2009, a local magistrate in Hyderabad ordered that both B. Ramalinga Raju and B. Rama
Raju be held in judicial custody until January 23, 2009, while the investigation surrounding the
financial irregularities alleged in the resignation letter of B. Ramalinga Raju continues. In
addition, on January 10, 2009, Srinivas V., Satyams former Chief Financial Officer, was arrested
by Hyderabad police on charges of criminal conspiracy, cheating and forgery in connection with the
alleged financial irregularities.
B. Ramalinga Rajus resignation letter was attached as exhibit 99.2 to Satyams Form 6-K submitted
to the Securities and Exchange Commission on January 7, 2009.
On January 11, 2009, Satyam issued a press release announcing that the Minister of Corporate
Affairs of India had appointed three directors to its newly formed Board of Directors.
The newly appointed directors are: Mr. Deepak S. Parekh, Executive Chairman of the Board of
Directors of Housing Development Finance Corporation Limited (HDFC), Mr. Kiran Karnik, former
President of the National Association of Software and Services Companies (NASSCOM) and Mr. C.
Achuthan, Director of the National Stock Exchange, former member of the Securities and Exchange
Board of India (SEBI) and former Chairman of the Securities Appellate Tribunal. A copy of the press
release is attached hereto as exhibit 99.1 and is incorporated herein by reference.
On January 12, 2009, Satyam issued a press release announcing that its newly constituted Board of
Directors had met for the first time earlier that morning at Satyams offices. In addition, the
press release highlighted several key decisions made by the Board at the meeting. A copy of the
press release is attached hereto as exhibit 99.2 and is incorporated herein by reference.
Exhibits:
99.1 |
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Press release of Satyam dated January 11, 2009. |
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99.2 |
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Press release of Satyam dated January 12, 2009. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SATYAM COMPUTER SERVICES LIMITED
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/s/ G. Jayaraman
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Name : G. Jayaraman |
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Title : Global Head - Corp. Governance &
Company Secretary |
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Date :
January 13, 2009
EXHIBITS INDEX
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99.1 |
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Press release of Satyam dated January 11, 2009. |
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99.2 |
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Press release of Satyam dated January 12, 2009. |