Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
Mistry's exit puts spotlight on October 2024 resolution
Financial Express Bengaluru
|October 30, 2025
Legal experts divided on whether the resolution grants tenure for life to all trustees or only those unanimously reappointed
LEGAL OPINION IS almost vertically split on Mehli Mistry’s argument regarding the interpretation of the October 2024 resolution taken unanimously byTata Trusts.
While some legal experts agree that the resolution implies that all existing trustees should be reappointed as trustees for life, an equal number suggest that the award of trusteeship for life only applies to those unanimously reappointed.
“It will finally depend on judicial interpretation in this case,’a legal expert said.
Experts have also pointed out that in such situations, the provisions in the Trust Deed will be binding, and in this case, it is not clear if the deeds of the respective trusts — mainly the Sir DorabjiTata Trust and the Sir Ratan Tata Trust which together hold 51% in Tata Sons — havea provision for awarding trusteeship for life.
Cette histoire est tirée de l'édition October 30, 2025 de Financial Express Bengaluru.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Bengaluru
Financial Express Bengaluru
Philanthropy vs industry
THE TATA EXAMPLE GIVES CAPITALISM A CONSCIENCE, BUT A CLOSER LOOK REVEALS POTENTIAL CONFLICTS
4 mins
October 30, 2025
Financial Express Bengaluru
Sachidanand Upadhyay Joins the Global Business Elite with Second Appearance in Time Magazine
Sachidanand Upadhyay, Managing Director of Lord’s Mark Industries Ltd. (LMIL), has achieved a significant milestone with his second consecutive appearance in Time Magazine.
1 mins
October 30, 2025
Financial Express Bengaluru
Reliance to bring Italy’s MAX&CO to India
ITALIAN FASHION BRAND MAX&CO is set to make its India debut early next year in Mumbai after Reliance Brands on Wednesday said it had entered into a long-term master franchise agreement with its parent Max Mara Fashion Group.
1 min
October 30, 2025
Financial Express Bengaluru
Varun Beverages makes alcobev market foray
Profit up 19.6% in Sept quarter
1 min
October 30, 2025
Financial Express Bengaluru
China’s 5-yr tech ambition plan
DAYS BEFORE MEETING President Trump in South Korea, the Chinese leader Xi Jinping laid out the next stage ina strategy of long-term competition with the USand the West that centres on securing a global lead in advanced manufacturing and technology.
1 min
October 30, 2025
Financial Express Bengaluru
Capital SFB aims to double loan book by FY29
CAPITAL SMALL FINANCE Bank targets to double its loan book to ₹16,000 crore by FY29 from ₹7,907 crore at present, a senior executive told FE in an interview.
1 mins
October 30, 2025
Financial Express Bengaluru
Sebi's fee reset proposals hit AMC, brokerage stocks
UNDER STRESS
2 mins
October 30, 2025
Financial Express Bengaluru
Second Fund of Funds scheme may focus entirely on deeptech
AS MARKET VALUATIONS of tech companies skyrocket around the world, Commerce and Industry Minister Piyush Goyal said on Wednesday that the second Fund of Funds scheme for startups that is being finalised will provide domestic deeptech ventures resources to grow without coming under pressure to cede equity to foreign investors at an early stage.
1 min
October 30, 2025
Financial Express Bengaluru
Mistry's exit puts spotlight on October 2024 resolution
Legal experts divided on whether the resolution grants tenure for life to all trustees or only those unanimously reappointed
2 mins
October 30, 2025
Financial Express Bengaluru
PepsiCo looks to unify 500-brand empire in first rebranding in 25 yrs
GLOBAL FOOD AND beverage major PepsiCo on Wednesday unveiled a new corporate identity — its first in more than 25 years — as part of a broader effort to accelerate growth and strengthen its connection with consumers worldwide.
1 mins
October 30, 2025
Listen
Translate
Change font size