Tata Sons’ CIC deregistration may be its only way

Tata Sons is under pressure to list due to its NBFC-UL classification, despite seeking deregistration. The RBI has not responded to its deregistration request, and new guidelines complicate the process. Experts question the feasibility of deregistration, given the stricter regulatory environment and Tata Sons’ significant asset base. Pratish Kumar, Partner at JSA Advocates & Solicitors, said that although the regulatory route to deregistration remains available, its viability is far from assured. “Regulatory permissibility and regulatory acceptance are not the same. While the pathway exists, whether it is feasible or strategically sustainable is a separate question,” he said. Read more