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'Invalid': Tata Trusts rejects board's reappointment of N Chandrasekaran

'Invalid': Tata Trusts rejects board's reappointment of N Chandrasekaran

NewsBytes 9 hrs ago
Tata Trusts has challenged the reappointment of N Chandrasekaran as the Chairman of Tata Sons. The Trusts claim that the board resolution did not comply with a requirement under the company's Articles of Association (AoA) and cannot be revived through a casting vote by the chairman.
The AoA mandates that a majority of the directors nominated by Tata Trusts, which owns around 66% of Tata Sons, must support any decision.
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