Charity commissioner halts Tata Trusts board meeting after Srinivasan complaint
Maharashtra's charity commissioner stayed the 16 May Tata Trusts board meeting after vice-chairman Venu Srinivasan flagged permanent-trustee rule breaches, deepening a rift with chair Noel Tata over Tata Sons nominees and control of the group's apex trust structure.
Maharashtra charity commissioner halted Tata Trusts' 16 May board meeting after vice-chairman Venu Srinivasan complained of permanent-trustee rule violations, exposing rifts with chair Noel Tata over Tata Sons board nominees and governance of the conglomerate's controlling trust structure.
Why this matters
Third consecutive deferral of the Tata Trusts board meet, following the 25% perpetual-trustee cap push and the ouster of Srinivasan and Singh from Tata Education Trust ahead of the May 8 meeting.
Leadership signals steady at 42 in the last 90 days.
Also reported by
- Mint · Companies — Same time