Tata Trusts says legal advice may prevent it from revising the tenures of existing trustees, even as a Maharashtra ordinance caps perpetual trustees. However, experts are split on whether the new cap would apply retrospectively to current appointments. The move could delay changes while the interpretation of the ordinance is contested.
Tata Trusts is reviewing trustee roles for two entities after Maharashtra introduced rules limiting how long individuals can hold lifetime positions. The change affects the Sir Ratan Tata Trust and the Tata Education and Development Trust, aiming to strengthen governance and reduce legal conflicts linked to prolonged control in charitable bodies.
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