CHARITY COMMISSIONER
Plea seeking Tata Sons listing filed in Bombay High Court
According to the filing before the Bombay High Court, Rohini Amin and L Ramanathan jointly filed writ petition on November 5. The petition names Tata Sons Ltd, N Chandrasekaran, Saurabh Agrawal, Harish Manwani, Anita M George, Noel Tata, Venu Srinivasan, Darius Khambata, Bhaskar Bhat and Siddharth Sharma as respondents.
Mehli Mistry challenges ouster from Tata Trust
Mehli Mistry has filed objections against his removal as a trustee of Bai Hirabai Jamsetji Charitable Institution. He claims that the decision was invalid and the voting process was flawed. Mistry argues that the trust deed does not specify a fixed tenure for trustees or eligibility based on citizenship.
Mehli Mistry challenges removal as Tata Trusts trustee, seeks independent inquiry into governance
Mehli Mistry has filed a challenge against his removal as a trustee of the Sir Dorabji Tata Trust. He has raised concerns about procedural irregularities and trustee eligibility in his case. Mistry also seeks an independent inquiry into financial matters related to the trust's administration. He has claimed conflicts of interest and improper financial benefits received by some trustees.
UK announces new 'safe and legal' refugee resettlement routes, includes India among seven countries
The UK government has announced new resettlement pathways for refugees to deter illegal migration methods. These pathways will focus on seven countries, including India, and refugees must be outside their home countries. Applicants will undergo necessary checks before gaining refugee status in the UK, starting their arrivals in autumn 2027. Community sponsorship and other support will facilitate the integration of refugees into UK society.
Tata Sons AGM deadline nears as Tata Trusts deadlock clouds voting
Tata Sons is currently observing the situation involving its majority owners, Tata Trusts, regarding governance issues. The annual general meeting (AGM) deadlines are approaching and require shareholder majority for resolutions. Important changes in trustee roles could affect voting dynamics significantly. Legal experts suggest focusing on regulatory clarity to facilitate successful AGM execution. Clear representation and consensus among the trusts are critical for passing necessary resolutions.
Sir Dorabji Tata Trust files reply to Venu Srinivasan, Vijay Singh complaints
The separate complaints by Srinivasan and Singh amid a protracted battle within the Tata group had named SDTT's chairman Noel Tata and his son Neville, who is the vice chairman. SDTT owns nearly 24 per cent stake in Tata Sons, which makes it the largest owner among the shareholders in the holding company of the country's largest conglomerate.
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Rare Queen Elizabeth II banknote among collection that raises £85,860 at Edinburgh charity shop auction
A rare banknote featuring a young Queen Elizabeth II was among nearly 160 lots of rare banknotes that raised £85,860 at auction after being donated to a British Heart Foundation charity shop in Edinburgh, Scotland. The collection included an extremely rare 1947 Iraqi 10 Dinars colour trial and a 1961 Saudi Arabian 100 Riyal specimen note. Specialist auction house Noonans sold the collection on October 14.
Mistry Objection Not Valid, say two Tata Trusts
Two Tata trusts, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution, challenge Mehli Mistry's objections. Mistry claims irregularities in trustee appointments, while the trusts deny any illegal actions. Both trusts assert that his term expired and he no longer qualifies as a trustee. Additionally, the BHJTNCI seeks to replace its reporting trustee, leading to further legal disputes. Proceedings on these matters are set for November 5.
Noel Tata files caveat in City Civil Court against Venu Srinivasan, Vijay Singh, and other SDTT trustees
Noel Tata and his son Neville filed a caveat petition in the Mumbai City Civil Court against other trustees. This petition aims to ensure they are heard before any orders are made regarding trust matters. The filings arise from concerns about Noel Tata's role within the trust structure and his ongoing authority. Venu Srinivasan and Vijay Singh are questioning the legitimacy of his appointment as a perpetual trustee.
Noel Tata, SDTT get until Oct 19 to respond to Venu Srinivasan, Vijay Singh complaint
Maharashtra Charity Commissioner has mandated that Sir Dorabji Tata Trust respond to governance allegations by October 19. Trust members Venu Srinivasan and Vijay Singh have raised concerns over governance lapses. They questioned the trust's recent involvement in Tata Sons' commercial decisions and Noel Tata's role as trustee. Seven Tata Trusts have filed caveats in response to the growing governance dispute.
Seven Tata Trusts file slew of caveats with Maharashtra Charity Chief
Seven trusts under Tata Trusts have filed caveats to be heard ahead of any orders by the Maharashtra Charity Commissioner. Venu Srinivasan and Vijay Singh have raised concerns about governance issues surrounding Noel Tata's leadership. These issues include questions regarding decision-making and participation restrictions in Tata Sons matters. The filings follow existing restrictions on the Sir Ratan Tata Trust's functioning and meetings.
Tata Trusts rift deepens: Noel Tata-led trustees say 'Trusts do not run Tata Sons' as they defend restructuring plan to avoid listing
Trustees of Tata Trusts have rebuffed objections from two senior trustees concerning a proposed restructuring of Tata Sons. They emphasized that the Reserve Bank of India has not required a listing for Tata Sons. Additionally, they asserted that the restructuring does not jeopardize the charitable status of the trusts. The trustees referenced past resolutions in support of preserving Tata Sons' unlisted status.
Tata Trusts vice chairman Vijay Singh flags SDTT 'meddling' in Tata Sons
Tata Trusts vice chairman Vijay Singh has approached the Maharashtra Charity Commissioner seeking an immediate inquiry into the administration and governance of the Sir Dorabji Tata Trust, including its involvement in Tata Sons’ commercial and strategic affairs. His move follows a similar complaint by fellow vice chairman Venu Srinivasan.
Tata Trusts seeks hearing on Venu Srinivasan's complaint before charity commissioner
Tata Trusts has sought a hearing with the Maharashtra charity commissioner in response to a complaint lodged by Venu Srinivasan. This complaint claims there have been governance issues within the Sir Dorabji Tata Trust's management, particularly concerning the conduct of specific trustees. Srinivasan has urged the commissioner to investigate potential repercussions for those trustees involved.
ET Exclusive: Venu Srinivasan seeks probe into Tata Trusts over alleged governance lapses
Venu Srinivasan, trustee of Sir Dorabji Tata Trust and Sir Ratan Tata Trust, has sought an immediate inquiry into SDTT’s governance, alleging serious lapses and excessive involvement in Tata Sons’ commercial affairs. He has also challenged Noel Tata’s role in trust decisions and sought restrictions on his voting and trustee powers.
Tata companies face a tough call on Chandra vote at AGM
Tata Group companies are preparing for the upcoming AGM concerning N Chandrasekaran's reappointment as a director. These companies, including Tata Motors and Tata Steel, own a significant stake in Tata Sons. Noel Tata has expressed opposition to Chandrasekaran's reappointment, complicating the voting decision for affiliated companies. The resolution for Chandrasekaran's reappointment indicates the evolving dynamics within Tata Sons.
Mehli Mistry steps down as trustee of Tata Medical Centre Trust, declines re-election
Mehli K Mistry has decided not to seek re-election as a trustee of the Tata Medical Centre Trust. His current term is set to end on September 30, 2026, marking a significant transition. Mistry previously stepped down from various key Tata trusts and companies amid structural changes. He emphasized the importance of transparency and good governance, adhering to Ratan Tata's vision.
Tata Sons plans AGM within a month, may approach NCLT if SRTT freeze blocks quorum
Tata Sons intends to organize its annual general meeting following a previous deferral due to quorum issues. The company is considering legal action to bypass quorum requirements in light of ongoing restrictions on Sir Ratan Tata Trust. N Chandrasekaran’s reappointment as a director will be on the agenda despite possible conflicts within the board. The National Company Law Tribunal may be approached for assistance in conducting the meeting.
Five pivotal figures shaping the battle for $185 billion Tata Group
A widening power struggle at Tata Group has brought several lesser-known figures into focus, from TVS veteran Venu Srinivasan and SP Group’s Shapoor Mistry to Maharashtra Charity Commissioner Amogh Kaloti. Their roles could prove decisive as the battle over N Chandrasekaran’s tenure, Tata Sons’ possible listing and the influence of Tata Trusts moves beyond the boardroom.
Tata Sons sets ball rolling for listing after RBI diktat; February 2027 emerges as approximate internal target
Tata Sons has started preparing for a potential stock market listing after the RBI directed it to comply with regulations for upper-layer NBFCs, with February 2027 emerging as an internal working target, people familiar with the matter said.
Tata Trusts dispute: Who is Amogh Kaloti, the Maharashtra Charity Commissioner handling key cases?
One judge, multiple Tata Trusts cases and a dispute gripping corporate India — meet Amogh Kaloti, the low-profile Maharashtra Charity Commissioner who now finds himself holding the gavel in a high-stakes Tata Trusts battle.
TCS, Tata Chemicals, other Tata stocks tumble up to 8% as Tata Trusts calls Chandrasekaran’s tenure extension illegal
Tata stocks took a notable hit following the declaration by Tata Trusts that Chandrasekaran's reappointment was illegal. The Reserve Bank of India also denied Tata Sons' plea to maintain private status. With Tata Trusts holding a majority of shares and opposing the IPO, Noel Tata has proposed looking into structural alternatives to appease the regulator. The upcoming Annual General Meeting is now critical for Chandrasekaran's role on the board.
Tata Trusts split spills into Tata Sons boardroom as SDTT seeks to block nominee’s listing vote
A split within Tata Trusts is affecting Tata Sons' boardroom decisions regarding its impending listing. Sir Dorabji Tata Trust seeks to prevent its nominee director from supporting the public offering. The Reserve Bank of India has mandated that upper-layer NBFCs must list on stock exchanges. Tata Sons board is expected to accept this directive, prompting swift regulatory compliance preparations.
Tata Sons to discuss RBI's listing rule, Chandrasekaran's reappointment at Board meeting
Tata Sons board meets Thursday with legal opinions on RBI listing directive and chairman's reappointment. The nomination committee seeks N Chandrasekaran's reappointment for another five years. Voting rights of Tata Trusts nominees and chairman are under close examination. The board is expected to accept the RBI directive, avoiding a contentious meeting. Preparations for a public listing will begin if the directive is operationalized.
Chandrasekaran's succession, RBI ruling on IPO listing to likely dominate Tata Sons’ Sept 17 meeting
Tata Sons' board will meet soon to address key issues. The RBI rejected the company's application to surrender its NBFC registration. Chairman N Chandrasekaran will not seek a third term in February. A governance impasse at a principal Tata Trust complicates succession planning. The potential listing of Tata Sons remains a contentious and divisive issue.
Tata Sons NRC may ask chairman Chandrasekaran to reconsider decision to leave
Tata Sons Nomination and Remuneration Committee will ask Chairman Chandrasekaran to reconsider his departure. This decision comes as Tata Sons faces a mandatory listing after the RBI rejected its NBFC license surrender. The committee believes his continued leadership is crucial for stability during this public transition period. His institutional knowledge will be vital as the group prepares for increased scrutiny.
Tata Trusts hearings adjourned to October 15
The hearings concerning Mehli Mistry's objections have been postponed to October 15. The legal representatives for Tata Trusts have requested additional time to submit their response. A reporting trustee's recent retirement has influenced one of the ongoing matters. Mistry highlighted various governance issues in his complaints. All three cases will now be addressed on the rescheduled date.
Rs 10,000-crore question mark over Ratan Tata estate
A recent ruling by the charity commissioner has raised questions regarding Ratan Tata's decision to bequeath shares to two trusts. These shares were initially transferred to Naval Tata under defined family conditions. The ruling grants the Navajbai Ratan Tata Trust the power to take necessary actions, potentially addressing a breach of the original share transfer agreement. Discussions among the relevant parties may lead to a resolution of this matter.
Tata Trusts calls 1989 share transfer allegations ‘baseless, malicious’ as regulator disposes complaint
The Maharashtra Charity Commissioner has dismissed a complaint against the Tata Trusts. The complaint questioned a 1989 share transfer from Navajbai Ratan Tata Trust. The Commissioner found the sale was necessitated by statutory compulsions and properly documented. Consideration received was based on an agreed valuation and resulted in a profit. The Commissioner noted the complainant's conduct was unbecoming of a trustee.
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