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‘Tata Sons is a board-managed firm, not a family-owned one’ Mumbai | Updated on Mistry’s counsel argues against Tata Sons’ conversion into a private company Our Bureau Tata Sons, the holding company of all Tata Group firms, has to get approval from the National Company Law Tribunal (NCLT) for conversion into a private company, according to the counsel of ousted Tata Sons Chairman Cyrus Mistry. Continuing with his argument in the Tata Sons-Mistry case on Tuesday, senior counsel C Aryama Sundaram said before the Supreme Court that as per the Companies Act of 2013, if a public company wants to become a private company, it must apply to the NCLT. ....