Business·4/28/2026AI summary Tata Trusts adopts view that Maharashtra ordinance doesn't require reappointment of existing permanent trustees
Tata Trusts believes existing permanent trustees don't need reappointment under Maharashtra's new ordinance, based on legal advice that the law doesn't apply retrospectively. The Maharashtra Public Trusts (Amendment) Ordinance, 2025 caps perpetual trustees at one-fourth of a trust's total strength, affecting Sir Ratan Tata Trust and Tata Education and Development Trust where at least half trustees hold perpetual status. The ordinance took effect September 1, 2025, amid ongoing scrutiny following Mehli Mistry's allegations of procedural breaches and fiduciary lapses.