Vijay Singh steps down as vice-chairman of Sir Ratan Tata Trust

Tata Trusts vice-chairman Vijay Singh has stepped down as a trustee of Sir Ratan Tata Belief (SRTT) and has determined to not search a renewal when his present time period expires on August 14, individuals conversant in the matter stated.

Singh, a former defence secretary, will proceed as a trustee of the Sir Dorabji Tata Belief (SDTT), the individuals stated.

Feedback from Singh and Tata Trusts couldn’t instantly be obtained.

The event comes amid variations amongst SRTT trustees, with the belief barred by the Maharashtra State Charity Commissioner from holding conferences of its board pending an inquiry into alleged violations of norms governing the composition of its board.

SRTT has approached the Charity Commissioner searching for removing of the restriction, citing its potential influence on the Belief’s participation in Tata Sons’ annual common assembly on August 18, sources stated.

The Tata Sons AGM assumes significance as it’ll take into account a decision on the reappointment of N Chandrasekaran as a director. His continuation as chairman of Tata Sons is linked to his remaining on the corporate’s board.

Singh and fellow trustee Venu Srinivasan have publicly supported the itemizing of Tata Sons, a transfer opposed by Tata Trusts Chairman Noel Tata.

SRTT and SDTT are among the many principal charitable trusts beneath the Tata Trusts umbrella, which collectively maintain a 66 per cent stake in Tata Sons, the holding firm of the USD 180 billion-plus Tata Group.

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