https://www.taxtmi.com/caselaws?id=390820 The Appellate Tribunal declared the conversion of 'Tata Sons Limited' from a 'Public Company' to a 'Private Company' illegal and prejudicial to minority members. The Registrar of Companies' actions were deemed illegal, and 'Tata Sons Limited' was ordered to be recorded as a 'Public Company.' The Tribunal emphasized the necessity of complying with Section 14 of the Companies Act, 2013, for such conversions. The removal of Mr. Cyrus Pallonji Mistry as Executive Chairman was deemed illegal, and he was reinstated. The Board of Directors was restricted from exercising powers under Article 75 without valid reasons and shareholder notification. The Tribunal dismissed the applications and clarified certain points in the judgment. en-us Mon, 06 Jan 2020 00:00:00 +0530 Mon, 13 Jan 2020 07:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390820 The Appellate Tribunal declared the conversion of 'Tata Sons Limited' from a 'Public Company' to a 'Private Company' illegal and prejudicial to minority members. The Registrar of Companies' actions were deemed illegal, and 'Tata Sons Limited' was ordered to be recorded as a 'Public Company.' The Tribunal emphasized the necessity of complying with Section 14 of the Companies Act, 2013, for such conversions. The removal of Mr. Cyrus Pallonji Mistry as Executive Chairman was deemed illegal, and he was reinstated. The Board of Directors was restricted from exercising powers under Article 75 without valid reasons and shareholder notification. The Tribunal dismissed the applications and clarified certain points in the judgment. Case-Laws Companies Law Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390820