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Twitter Inc doesn’t have single share in Twitter India: MD | India News

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BENGALURÚ: Twitter India is an independent entity and Twitter Inc does not have a single stake in it, the attorney for Twitter India MD Manish Maheshwari said at the Karnataka HC on Thursday.
Lead counsel CV Nagesh made this presentation in response to a query from Karnataka HC Judge G Narendar, who began ruling on Maheshwari’s request to annul a notification sent to him by UP police regarding the alleged circulation of a controversial video.
When the judge wanted to know whether Twitter Inc can be called the parent company, Nagesh replied that Twitter India is a separate entity and can be called an affiliate company at best. He added that Twitter Inc does not have a single share on Twitter India and that he would put this fact through a memo on Friday. The court was told that International Twitter Company, based in Ireland, has 9,999 shares, while Twitter Netherlands has one share. However, Twitter Inc runs the platform. However, the judge noted that there is nothing called an affiliate company in company law, and at best they are called sister companies or associate companies. In the midst of these deliberations, P Prasanna kumarUP Police Special Prosecutor said that in the event that Twitter India claims to be an independent entity, it would have to be prepared to face the consequences. It stated that in the proceedings before the central government, colleagues of the petitioner have also represented on behalf of Twitter Inc.





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