Venu Srinivasan Resigns from Bai Hirabai Charitable Trust Amid Eligibility Controversy
Venu Srinivasan quits Bai Hirabai Charitable Trust after questions over his eligibility, cites other commitments
Mint
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Venu Srinivasan, Chairman emeritus of TVS Motor, has resigned from the Bai Hirabai Charitable Trust, citing other commitments. His resignation follows a challenge from former trustee Mehli Mistry, who claims Srinivasan and another trustee do not meet eligibility requirements outlined in the Trust Deed.
- 01Venu Srinivasan resigned from Bai Hirabai Charitable Trust due to other business commitments.
- 02His resignation follows a challenge regarding his eligibility as a trustee.
- 03Former trustee Mehli Mistry claims Srinivasan does not meet qualifications based on the Trust Deed.
- 04Mistry argues that Srinivasan and another trustee are disqualified due to not being of Parsi Zoroastrian faith.
- 05Mistry has requested an inquiry by the Maharashtra Charity Commissioner.
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Venu Srinivasan, the Chairman emeritus of TVS Motor, has resigned from the Bai Hirabai Charitable Trust, citing preoccupation with other business commitments. This resignation comes amid controversy regarding his eligibility as a trustee. Former trustee Mehli Mistry has challenged the qualifications of Srinivasan and another trustee, Vijay Singh, claiming they do not meet the requirements set forth in the Trust Deed. Mistry's objection application, filed with the Maharashtra Charity Commissioner, argues that both Srinivasan and Singh are disqualified due to not being of the Parsi Zoroastrian faith and lacking permanent residence in Mumbai. He has called for an inquiry into the matter and has requested that all trustees submit affidavits confirming their eligibility.
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