Tata Trusts to Amend 1923 Deed to Remove Non-Parsi Trustee Restrictions
Tata Trusts to amend 1923 deed to remove restrictive non-Parsi clause
News 18
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The Tata Trusts, led by Chairman Noel Tata, plan to amend the 1923 deed of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution to eliminate a clause that restricts non-Zoroastrians from becoming trustees. This decision follows objections raised by former trustee Mehli Mistry regarding the eligibility of certain trustees.
- 01Tata Trusts will amend the 1923 deed to remove non-Zoroastrian trustee restrictions.
- 02The decision was influenced by objections from former trustee Mehli Mistry.
- 03Non-Zoroastrians have been appointed as trustees since a legal opinion in 2000.
- 04The Bai Hirabai Trust has no restrictions on trustee eligibility based on religion.
- 05The Tata Trusts collectively own approximately 66% of Tata Sons.
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The Tata Trusts, which oversee significant assets in India, have decided to amend the 1923 deed of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution (BHJTNCI) to remove restrictive clauses that prevent non-Zoroastrians from serving as trustees. This decision follows a dispute initiated by former trustee Mehli Mistry, who questioned the eligibility of current trustees based on their religious affiliation. The trustees, including Chairman Noel Tata, stated that non-Zoroastrians have been appointed as trustees since a legal opinion was issued in 2000 by a former Chief Justice of India. They emphasized that the Bai Hirabai Trust, established under a 1916 codicil to Sir Ratan Tata’s will, does not impose such restrictions. The ongoing controversy began when Mistry challenged the eligibility of trustees Venu Srinivasan and Vijay Singh, leading to Srinivasan's resignation from the BHJTNCI. The Tata Trusts, including the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, collectively hold about 66% of Tata Sons, the parent company of the Tata Group.
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This amendment could lead to a more diverse leadership within the Tata Trusts, potentially influencing their philanthropic initiatives and governance.
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