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Vijay Singh quits Sir Ratan Tata Trust

economictimes.indiatimes.com · 16h · first reportShare

Vijay Singh, vice chairman of Tata Trusts, has stepped down as a trustee of the Sir Ratan Tata Trust (SRTT) before August 14, when his current term expires, marking the end of a long association at a time when the Trusts are grappling with internal differences and regulatory scrutiny. Singh, however, will continue as a trustee of the Sir Dorabji Tata Trust for another year.His exit comes at a time when the Sir Ratan Tata Trust has sought permission from the Maharashtra Charity Commissioner to permit it to hold important meetings stating approximately ₹400 crore in charitable disbursements and upcoming shareholder decisions are currently at risk.Also Read: Maharashtra charity body may examine Tata Trust share transfer validityThe CC has restrained it from holding meetings pending a decision on a complaint relating to the alleged transfer issue of Navajbhai shares and the appointment of perpetual trustees.Singh told ET that he had decided against seeking another term. "I have informed th