Nitin Potdar (@nitinpotdar) header
Nitin Potdar (@nitinpotdar) profile picture

Corporate & M&A Lawyer (Ex Partner J. Sagar Associate).

Mumbai, India
Joined July 2009
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The owner of 66% of @TataCompanies has to write in and ask for the minutes of its own board meeting. The house that paid Docomo $1bn+ on a promise now leads with clauses, not conduct. Check out the latest article in my newsletter: Tata Trusts Row: Why the Board Should Resease the Minutes linkedin.com/pulse/tata-trus… via @LinkedIn @Businessworld
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Tatas are the first or the last .. all successful businesses may get targeted externally or internally. Beware!! Greed across the board has taken over India!!
The Tata episode seems to have created a new anxiety in Indian family businesses. A very large business group recently called its legal team to check the composition of all its boards- whether independent directors had become too many, and whether something needed to be done. And this is a problematic trend. We want stronger governance, not fewer independent voices.
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If the charity suffers, it will not be “many Indians” who regret it. It will be the biggest blow to the Nation itself: to the hospitals, the research, the scholarships and the relief that millions depend on, and to the very idea that a gift made in trust stays in trust. 𝗙𝗼𝗿 𝟭𝟱𝟴 𝘆𝗲𝗮𝗿𝘀, @TataCompanies 𝗵𝗮𝘀 𝘀𝗲𝗿𝘃𝗲𝗱 𝗮 𝗽𝘂𝗿𝗽𝗼𝘀𝗲. 𝗜𝘁𝘀 𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝗴𝗮𝘃𝗲 𝗮𝘄𝗮𝘆 𝘁𝗵𝗲𝗶𝗿 𝘄𝗲𝗮𝗹𝘁𝗵 𝘁𝗼 𝗰𝗵𝗮𝗿𝗶𝘁𝘆. 𝗧𝗵𝗲𝘆 𝗮𝗿𝗲 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗱𝗲𝗳𝗲𝗻𝗱 𝘁𝗵𝗲𝗶𝗿 𝗶𝗻𝘁𝗲𝗻𝘁; 𝘁𝗵𝗲 @tatatrusts 𝗮𝗿𝗲 𝘁𝗵𝗲𝗶𝗿 𝗼𝗻𝗹𝘆 𝘃𝗼𝗶𝗰𝗲. 𝗜𝘀 𝗶𝘁 𝗿𝗶𝗴𝗵𝘁 𝘁𝗼 𝗿𝗲𝘄𝗿𝗶𝘁𝗲 𝘁𝗵𝗲 𝘄𝗶𝘀𝗵𝗲𝘀 𝗼𝗳 𝘁𝗵𝗼𝘀𝗲 𝘄𝗵𝗼 𝗰𝗮𝗻 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝘀𝗽𝗲𝗮𝗸 𝗳𝗼𝗿 𝘁𝗵𝗲𝗺?
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Good read in today's IE on the Tata mess created by the rebels.
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Nitin Potdar retweeted
Bid To Keep Tata Sons Private | Tata Trusts Proposes A New Structure IiAS’s Hetal Dalal says, - Don't know if Venu Srinivasan (As the Trusts' nominee) will agree to the proposal Corporate M&A Lawyer Nitin Potdar says, - Believe the RBI will greenlight Tata Trusts proposal Watch: youtu.be/FHLkaQR4WoM @_prashantnair #CNBCTV18Market #TataSons #TataTrusts #Tata #RBI
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youtu.be/_zb9JVSN7I0?si=nJrN… My views on Tata Sons Board decisions 1. Chandra's Appointment is illegal & 2. @RBI has no power to force listing on @sons_tata. Let's not destroy the 100+ years unique legacy of @tatatrusts.
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RBI’s shifting rules on listing requirements suggested it was applying the law in a selective manner. No one asks @TataCompanies to put their ownership into one clean structure, and you want to penalise them? when others hide under multiple structures - ft.com/content/bbc9d181-9cce…
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Status quo is no answer - whatever your drawer holds - the roadmap, the second practice, the book. Take the smallest item in it and give it a date - Check out the latest article in my newsletter: The Drawer linkedin.com/pulse/drawer-ni… via @LinkedIn
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David Patient — former Managing Partner of Travers Smith and today a leader across some of the most interesting corners of the global legal profession — joins me on The Leaders' Edition. youtu.be/qXvXBeCkbok?si=ZrdW…
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