On Friday the Government disbanded the present board of disturbed IT company Satyam and would suggest 10 directors to the panel.

“The current Board ceases to exist and there would not be any meeting tomorrow,” Corporate Affairs Minister Prem Chand Gupta said.

“The Centre is considering appointment of suitable persons as directors of Satyam following interim permission by the Company Law Board,” he said.

The fresh Board would assemble in the next seven days. The present Board was left with merely three members from the unique nine.

Gupta told that the fresh Board would make a decision on the fresh organization for Satyam Computer and there was no choice to get over the management as yet.

He also said that the IT firm’s auditors PwC, if found culpable, would be expelled in the country.

“The government has decided to approach the Company Law Board to ensure that the operations of the company continue uninterrupted,” Gupta said, adding that the present board has unsuccessful in what it was thought to do.

All the present board members were being detached and there would not be any assembly on Saturday, he added.

The government had approached the CLB, which has permitted it to control the present board members from implementation as the directors at the company.

On Wednesday, Sataym’s originator and Chairman Ramalinga Raju resigned from the company after disclosing huge financial irregularities at the company, which emerged as the major corporate scam in the country. On the same day, its CEO and MD Rama Raju also resigned, while the company’s CFO also sent in his resignation on Thursday.