Contact Your Financial Adviser Money Making MC
19
December 2016
Tata Sons on Friday said Bombay High
Court has allowed Tata group companies to hold their respective EGMs
(extra-ordinary general meetings) without any intervention and as planned. The Total Investment & Insurance
Solutions
Tata Sons disclosed the information a
day after industrialist Nusli Wadia -- who is also Director in several Tata
Group companies -- approached Bombay High Court. The Total Investment & Insurance Solutions
Several Tata Group companies have called
EGMs to decide whether or not to remove Wadia and Tata Sons' ousted Chairman
Cyrus Mistry from their respective boards.
"The Hon'ble Bombay High Court
denied every interim relief as claimed by the plaintiff and Nusli Wadia,"
Tata Sons said in a statement. The
Total Investment & Insurance Solutions
"The Hon'ble Bombay High Court has
allowed the EGMs of all Tata Companies to proceed without any intervention and
as planned." The Total Investment
& Insurance Solutions
According to Tata Sons, votes during the
EGMs of its various group companies will be counted and factored in as per the
law. The Total Investment &
Insurance Solutions
"The Hon'ble Bombay High Court,
with the consent of parties, passed an order that one board seat amongst the
maximum permissible directors as per the Articles of each company, should
remain unfulfilled until the resolution of this suit," the statement said.The Total Investment & Insurance
Solutions
No comments:
Post a Comment