SDTT Submits Response To Charity Commissioner
\n\nThe Sir Dorabji Tata Trust (SDTT), a key entity within Tata Trusts, is learnt to have submitted its response to the Maharashtra Charity Commissioner regarding complaints filed by two trustees over governance-related issues.
\n\nThe development comes amid an ongoing governance dispute within Tata Trusts, with the Charity Commissioner examining complaints concerning the functioning and administration of the charitable institutions.
\n\nSDTT had been told to reply by October 12 after which it sought more time, and was given a new deadline of October 19.
\n\nSDTT is under scrutiny following a Tata Sons boardroom battle on September 17, and SRTT was already frozen by the Charity Commissioner earlier this year over alleged violation of norms.
\n\nSDTT owns nearly 24 per cent stake in Tata Sons, which makes it the largest owner among the shareholders in the holding company of the country's largest conglomerate.
\n\nEarlier in May, the Maharashtra Charity Commissioner directed the Sir Ratan Tata Trust (SRTT) to defer a scheduled meeting and ordered an inquiry into concerns over the composition of its board and the rules governing perpetual trustees.
\n\nTata Sons' annual general meeting was adjourned for lack of quorum, with restrictions on SRTT's functioning…
Original source: https://www.timesnownews.com/business-economy
