Tata Trusts rejects Tata Sons Board’s reappointment of Chandrasekaran; declares vote ‘void ab initio’
Tata Trusts has declared the Tata Sons board’s vote to reappoint N Chandrasekaran void, as void ab initio under the AoA. The trust said the board failed to secure the mandatory affirmative support of its nominee directors required by the Articles of Association. Without that endorsement, the reappointment cannot stand, rendering the board’s decision null and ineffective.