Business
Maharashtra charity commissioner gives Tata Trusts until October 12
The Hindu BusinessLine··6d ago
Maharashtra's Charity Commissioner asked Sir Dorabji Tata Trust to reply by October 12 to complaints from trustees Venu Srinivasan and Vijay Singh. They alleged SDTT involvement in Tata Sons commercial affairs and interference with nominee directors. Srinivasan sought orders restraining Noel Tata from voting at Tata Sons' annual general meeting. SDTT owns 27.98 percent of Tata Sons.
Prism
What It Means For You
- Trust leadership must file a written response with the Charity Commissioner by October 12.
- Tata Trusts filed caveats to block ex parte orders in the proceeding.
- Srinivasan complained after SDTT tried to limit his vote on the September 17 board.
What's Happening
- Complaints dated 25 September went to Commissioner Amogh Kaloti's office.
- Singh is a former defence secretary and Srinivasan chairs TVS Motor emeritus.
- Noel Tata opposed Chandrasekaran's third term while the rest of the board backed him.
Charity commissioner powers
- SDTT dismissed the concerns in an October 5 letter to the two trustees.
- The trust said identical complaints arrived five days before a later letter.
- Srinivasan asked the commissioner to suspend or remove Noel Tata if warranted.
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