Tata Sons may approach NCLT to secure directions for holding annual general meeting
The salt-to-software conglomerate's holding company is considering a legal route to convene its AGM through the company tribunal.
Tata Sons, the holding company of one of India's largest conglomerates, is considering approaching the National Company Law Tribunal to seek directions for convening its annual general meeting, according to available information.
The move would see the company use a formal legal mechanism available under Indian corporate law, whereby the NCLT can direct a company to hold its AGM if the gathering has not been called within the stipulated period.
An AGM is a statutory requirement for companies registered in India, and failure to hold one within the prescribed timeline can expose a firm to regulatory consequences. No further details about the specific circumstances prompting the potential application have been confirmed.
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