{"id":16494,"date":"2026-05-16T21:44:38","date_gmt":"2026-05-16T21:44:38","guid":{"rendered":"https:\/\/saharanews.in\/2026\/05\/16\/tata-trusts-ordered-to-defer-todays-board-meets\/"},"modified":"2026-05-16T21:44:38","modified_gmt":"2026-05-16T21:44:38","slug":"tata-trusts-ordered-to-defer-todays-board-meets","status":"publish","type":"post","link":"https:\/\/saharanews.in\/?p=16494","title":{"rendered":"Tata Trusts ordered to defer today\u2019s board meets"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-131130166,imgsize-653542,width-400,height-225,resizemode-4\/venu-srinivasan.jpg\" alt=\"Tata Trusts ordered to defer today\u2019s board meets\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Maharashtra\u2019s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that \u201cthe issues highlighted by them are serious and require due consideration.<!-- -->\u201d The development deepens a governance dispute at one of India\u2019s most influential philanthropic institutions where Srinivasan has been a trustee for a decade since the late Ratan Tata appointed him.<span class=\"id-r-component br\" data-pos=\"3\"\/>In an order signed on Friday by commissioner Amogh Kaloti, the regulator directed the Trusts not to convene any meetings until the inquiry report is submitted. The Trusts \u2014 the Sir Dorabji Tata Trust, Sir Ratan Tata Trust (SRTT) and Tata Education and Development Trust \u2014 subsequently informed trustees that Saturday\u2019s planned sessions had been cancelled.<span class=\"id-r-component br\" data-pos=\"7\"\/>Kaloti had on May 13 directed a formal inquiry into complaints by Agrawal, who had filed a representation on April 18, and Srinivasan, who lodged a similar complaint on April 28, alleging violations of the Maharashtra Public Trusts (MPT) Act. <span class=\"id-r-component br\" data-pos=\"9\"\/>The move followed a Bombay high court order the same day which, while permitting petitioner Suresh Tulsiram Patilkhede to withdraw his plea, recorded that representations had been made to the commissioner alleging violations of September 2025 amendments to the MPT Act capping perpetual trustees on a charity board at 25%. The court also recorded the petitioner\u2019s contention that convening the Trusts meeting on May 16 would be contrary to the statutory mandate.<span class=\"id-r-component br\" data-pos=\"13\"\/>Reacting to the order, the Trusts on Friday said they were examining the commissioner\u2019s directions, adding that, as they understood it, the directions pertain only to SRTT and were issued ex parte, without prior notice or hearing being afforded to the Trust. They also said SRTT was \u201cnot aware of any complaint having been filed by Srinivasan until receipt of the commissioner\u2019s directions,\u201d noting that he had earlier acknowledged notices of board meetings scheduled for May 8 and later rescheduled to May 16.<span class=\"id-r-component br\" data-pos=\"16\"\/>Of SRTT\u2019s six trustees, three \u2014 Noel Tata, the chairman, Jimmy Tata and Jehangir Jehangir \u2014 are perpetual trustees. The remaining three, Srinivasan, Vijay Singh and Darius Khambata, are non-perpetual. Under the amended Act, a trust of this size can have only one perpetual trustee.<span class=\"id-r-component br\" data-pos=\"18\"\/>Agrawal had argued that with perpetual trustees accounting for 50% of the SRTT board \u2014 double the statutory cap \u2014 decisions taken by the Trust after the law was amended were liable to be treated as invalid.<span class=\"id-r-component br\" data-pos=\"21\"\/>The Trusts said the amendment is prospective in nature and does not impact appointments of perpetual trustees made prior to Sept 1, 2025, a view they said is supported by legal opinions and clarifications obtained by them.<span class=\"id-r-component br\" data-pos=\"23\"\/>The dispute plays out against a broader rift between Noel and Srinivasan over the listing of Tata Sons, with Srinivasan in favour and Noel opposed. Both sit on the Tata Sons board. Saturday\u2019s cancelled meeting was to review the Trusts\u2019 nominees on the Tata Sons board and take up the matter of Srinivasan and Singh\u2019s support for a Tata Sons IPO.<span class=\"id-r-component br\" data-pos=\"26\"\/>Kaloti warned that allowing the board to meet while the inquiry was pending could create \u201cfurther complications and multiplicity of proceedings,\u201d particularly on questions of the Trust\u2019s administration, management or composition. \u201cIt would therefore be in the interest of the Trust as well as in the interest of justice that such meeting is deferred,\u201d he stated.<span class=\"id-r-component br\" data-pos=\"28\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/tata-trusts-ordered-to-defer-todays-board-meets\/articleshow\/131130168.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maharashtra\u2019s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that \u201cthe issues highlighted by them are serious and require due consideration.\u201d The development deepens a governance dispute at one of India\u2019s most influential philanthropic institutions where Srinivasan&#8230;<\/p>\n","protected":false},"author":1,"featured_media":16495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-16494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/16494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16494"}],"version-history":[{"count":0,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/16494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/media\/16495"}],"wp:attachment":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}