Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
The Sir Ratan Tata Trust is drafting a trust deed to modernize governance amid new Indian laws limiting trustee terms and requiring clearer succession rules.
The Sir Ratan Tata Trust, operating under a 1918 will without a formal trust deed, is considering drafting a trust deed to modernize governance, according to sources.
This move follows the Maharashtra Public Trusts (Amendment) Ordinance effective September 1, 2025, which limits perpetual trustees to 25% of boards and mandates fixed terms where documents are silent.
Current rules requiring unanimous trustee approval delayed a meeting to appoint Neville Tata, son of chairman Noel Tata.
A trust deed would clarify roles, succession, and decision-making, reducing ambiguity and aligning with modern trust law.
The next trustee meeting is set for today.
El Sir Ratan Tata Trust está elaborando una escritura de fideicomiso para modernizar la gobernanza en medio de las nuevas leyes indias que limitan los términos de los fideicomisarios y requieren reglas de sucesión más claras.