Politics · India · 4 hrs ago

Maharashtra charity regulator says it did not propose rule affecting Tata Trusts

Maharashtra charity regulator says it did not propose rule affecting Tata Trusts

Maharashtra’s Charity Commissioner says it did not propose the rule that has blocked Sir Ratan Tata Trust board proceedings.

The state government introduced an amendment to the public trusts law, which limits permanent trustees to one-fourth of a board when the trust deed does not set a different rule.

Sir Ratan Tata Trust, which had six trustees, became caught in the dispute after a complaint that its three permanent trustees were breaking the law.

The commissioner invoked the amendment on 15 May, and the trust’s board proceedings were suspended.

The freeze has contributed to a deadlock at Tata Sons and stalled the company’s annual general meeting.

The state Law and Judiciary Department has not provided details about how the amendment was drafted, saying the file is still under government consideration.

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What people are saying

Charity Commissioner’s officePublic trusts regulator
no proposal has been submitted by the Charity Commissioner, State of Maharashtra to the state’s Department of Law and Justice
via Mint
However, the deliberations were made in the Law and Judiciary Department.
via Mint
Gaurav PinglePartner at Forefront Legal Consulting LLP
Generally, the introduction of law or any amendments to existing laws are introduced with consultation of the regulatory body (state or central) of that law because ultimately, such regulatory body ensures the effective implementation of the law or its amendments,
via Mint