Tata Tele EGM on Dec 14 to remove Mistry as director

TATA TELESERVICES Ltd, the unlisted Tata Group firm, has called a shareholders’ meeting on December 14 to consider holding company Tata Sons’ proposal to ouster Cyrus Mistry as director.

“Notice is hereby given that an extraordinary general meeting (EGM) ... on requisition of Tata Sons Limited which holds 36.17 per cent of the paid up equity share capital of the company, will be held on Wednesday, December 14, 2016 at 11 AM...,” Tata Teleservices (TTL) said in a notice. “Resolved that pursuant to Section 169 and other applicable provisions of the Companies Act, 2013 and the rules framed thereunder,mrcyruspmistry...be and is hereby removed from the office of director of the company with effect from date of this meeting,” the notice said.