Tata Sons cites legal opinion from ex-CJI in Chandrasekaran reappointment row
India, Sept. 26 -- The Tata Sons Articles of Association, particularly Article 121, have come under scrutiny following the boardroom battle that came to a head on September 17, pitting Tata Sons against Tata Trusts and Noel Tata.
Article 121 requires certain decisions approved by a board majority to also receive the approval of a majority of directors nominated by Tata Trusts. There are currently two Tata Trusts nominees on the Tata Sons board - Tata Trusts Chairman Noel Tata and Vice-Chairman Venu Srinivasan.
At the September 17 board meeting, Srinivasan joined three other Tata Sons directors in voting in favour of N Chandrasekaran's reappointment as Tata Group Chairman, while Noel Tata opposed the resolution. The presiding chairman's ...
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