Mumbai, Oct. 3 -- Corporate lawyers familiar with the Tata Trusts and Tata Sons imbroglio stated here today that there is no legal requirement to provide Tata Trusts Chairman Noel Tata with a video recording of the September 17 Tata Sons board meeting, which took the decision to give N Chandrasekharan a third term as Tata Sons Chairman.
According to the law, a director has no unfettered right to obtain the full copy of the video recording of the board meeting, the counsels said.
However, company secretarial guidance and corporate governance measures indicate that the director may be allowed to view specific recordings briefly to verify the discussion and give comments, if any, in order to draft minutes of the board meeting before they are...