Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag 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.

flag 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. flag 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. flag Current rules requiring unanimous trustee approval delayed a meeting to appoint Neville Tata, son of chairman Noel Tata. flag A trust deed would clarify roles, succession, and decision-making, reducing ambiguity and aligning with modern trust law. flag The next trustee meeting is set for today.

4 Articles