Majority among two is two : Tata Trusts says Chandrasekaran reappointment failed AoA condition , has no legal effect
World2 sources2 countries🔦 Under-reported14m ago
Tata Trusts has challenged the reappointment resolution of Chandrasekaran, stating that it failed to meet Articles of Association (AoA) conditions and therefore possesses no legal effect. The dispute centers on a numerical interpretation, with Tata Trusts asserting that a "majority among two is two."
The disagreement directly impacts the leadership structure and governance of the entities involved, raising questions about the validity of the reappointment process under existing corporate bylaws.
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businesstoday.in (INDIA)Highlights the numerical dispute regarding the majority requirement under company rules.