The Indian government this week nominated three new members to the board, taking the total to six. It also ruled out any immediate plans for financial assistance to Satyam, which could be facing a liquidity crunch.

The board last met on Monday.

Satyam was plunged into a crisis earlier this month when the company's former chairman B. Ramalinga Raju resigned, after admitting that the company had inflated profits for several years.

Satyam's board has said that the company's liquidity position looks good, although a final determination would require a restatement of its finances. That task was assigned on Wednesday to accounting firms KPMG and Deloitte Touche Tohmatsu.

The board, which met in Hyderabad, said in a statement on Saturday that it is engaged in discussions with banks and financial institutions. The last week had seen definite improvements on collections, and this is expected to be a major priority for the board in the ensuing weeks, it added.