Tata Trusts vs Tata Sons: What are Articles of Association at the centre of Chandrasekaran row?
New Delhi, Sept. 25 -- Is the reappointment of N Chandrasekaran as the chairman for a third five-year term valid? While Tata Sons and Noel Tata of Tata Trusts are divided on the issue, the focus has now shifted to its validity as per the 'Articles of Association (AoA)'. Both sides have used this clause to justify their argument. But which argument holds the ground? Here's all about the latest battel between Tata Sons and Tata Trusts.
The problem revolves around the reappointment of N Chandrasekaran as the chairman for a third five-year term. A board resolution on September 17 reportedly gave Chandrasekaran a third term.
Tata Trusts challenged the resolution, calling it legally invalid under the company's Articles of Association (AoA).
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