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Tata Sons may be classified as ‘public company' by RoC, says report

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The requisite documents are being sourced by the top officials in the corporate affairs ministry which oversees the RoC, the newspaper report added.

Tata Sons may be classified as ‘public company' by RoC, says report
The Registrar of Companies (RoC) may change Tata Sons’ classification to a ‘public company’ from a ‘private company’ and it is studying the judgment by the National Company Law Appellate Tribunal (NCLAT) on the Tata-Mistry dispute, reported Economic Times.
The report said that Mistry’s legal team is believed to be in touch with RoC officials to ensure the change happens quickly.
Further, the requisite documents are being sourced by the top officials in the corporate affairs ministry which oversees the RoC, the newspaper report added.
The NCLAT on Wednesday had reinstated Cyrus Mistry as executive chairman of Tata Sons and had termed the conversion of Tata Sons into a private company ‘illegal’.
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