Tata Trusts

A proposed board meeting of the Sir Ratan Tata Trust (SRTT), which was supposed to take up the appointment of Neville Tata, son of Tata Trusts Chairman Noel Tata, as a trustee on Saturday is understood to have been cancelled due to lack of quorum. The cancellation of the meeting comes over two months after the failure of the first attempt to induct Neville Tata on the board of SRTT, which holds 23.6 per cent in Tata Sons, the promoter holding firm of the over USD 180 billion Tata Group. "All trustees could not attend, which is a requirement for trustee appointment," a person with direct knowledge of the development said. The meeting could be rescheduled in the next few days, the person added. However, others said the cancellation could be to take more time for discussion among the trustees to reach a consensus on the appointment. Query to Tata Trusts remained unanswered. The trustees of SRTT are Noel Tata, Venu Srinivasan, Vijay Singh Jimmy N Tata, Jehangir HC Jehangir and Darius

Tata Trusts, which owns 66 per cent in Tata Sons, was in the news last year for an internal rift among trustees, resulting in government intermediation to ease thorny issues

The government moved to steady the economy amid global uncertainty. Crises at IndiGo and BluSmart, meanwhile, underlined the need for tighter oversight and stronger governance

Vice-Chairman Vijay Singh says a group of Tata Trusts trustees worked together to push him out of the Tata Sons board, claiming his removal was 'well planned if not plotted' and part of a wider power

In a key leadership reshuffle, the Tata Trusts — the controlling shareholder of Tata Sons — has appointed Neville Tata and Bhaskar Bhat as trustees for a term of three years.

Srinivasan gets 3-yr term in compliance with legal norms

The battle between Ratan Tata and Cyrus Mistry lasted five years but did not come in the way of the performance of the Tata group companies

Soon after the tension at the Tata Trusts board meeting, renewal of trustees' tenure turned into a contentious issue

The caveat notice has also been sent to all Tata Trusts trustees, according to a source close to the development

Three of six Tata trustees, including Noel Tata, Venu Srinivasan and Vijay Singh, have opposed Mehli Mistry's reappointment, ending his tenure on the boards of the Dorabji and Ratan Tata Trusts

If Mehli Mistry fails to get a nod from all trustees of Tata Trusts for his term renewal, it will be an unprecedented development that could escalate the ongoing tensions

The reappointment bid comes amid reports of a rift among the trustees over their tenures, with one faction aligning with Noel Tata, who became chairman after Ratan Tata's death, and others with Mistry

The renewal marks his transition to life trusteeship, cementing his position within one of the most influential charitable trusts of the Tata Group

The reappointment comes amid reports of a rift among the trustees, with one faction reportedly aligning with Noel Tata, who became chairman after Ratan Tata's death, and others with Mistry

Venu Srinivasan's term up for renewal, Mehli Mistry next in line

Tata Trusts dispute focuses on trustee seats on Tata Sons board, group's business direction, and handling minority shareholder Shapoorji Pallonji's planned exit

The government has stepped in to resolve a major leadership crisis brewing within Tata Trusts. On October 7, top leaders from the Tata group, including Tata Sons Chairman N. Chandrasekaran, Tata Trust

Tata Group trustees, including Noel Tata and N Chandrasekaran, met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid internal disputes over board appointments at Tata Sons

Today's pieces examine the RBI's decision on the policy rate, what it might do on the issue of Tata Sons' listing, 100 years of the RSS, and the question of rising populism globally as well as India

Singh's decision to step down may have been triggered by differences among board members over exercising the power to appoint a nominee director on the Tata Sons board