Government officers has seized all documentary and official records from Satyam's office at Hyderabad and taken the administrative control of its management.

Union Minister of Corporate Affairs, Prem Chand Gupta said, "The procedure of seizure was on till five in the morning. The eight officers, who have been sent to Hyderabad, will be called inspectors on behalf of the government. They will carry out inspection under [section] 209A of the Companies Act."

While expressing concern over recent development, the minister said that government would take steps to reinstate the prestige of Indian corporate sector.

Ministry of Corporate Affairs (MCA) has also directed for the account scrutiny of Maytas Properties and Maytas Infrastructure, the companies owned by sons of Satyam's former chairman, B. Ramalinga Raju.

The Company Law Board on Friday allowed government to take necessary action and appoint 10 members as directors of the company to execute its functioning. The Hyderabad-based Registrar of Companies (RoC) and Security and Exchange of India are also probing the largest ever corporate fraud by Satyam's former chairman, B. Ramalinga Raju