Tatas reject Mistry Group's quasi-partnership claim
Synopsis
“The AoA (articles of association) of Tata Sons do not postulate any appointment of directors by proportionate representation. Seeking creation of such rights by amending the AoA of Tata Sons would amount to rewriting the articles of association which is completely impermissible and contrary to law,” Tata Sons said.
MUMBAI: Tata Sons, in its response to the Supreme Court petition filed by Cyrus Investments, a firm controlled by the Cyrus Mistry family, has rejected the latter’s contention that it is a quasi-partnership. The Tata Sons affidavit also rejected the claim that members of the Mistry group are entitled to proportionate representation on the board of Tata Group’s holding company.“The AoA (articles of association) of Tata Sons do not postulate any
- FONT SIZEAbcSmallAbcMediumAbcLarge
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
