Vijay Singh seeks probe into SDTT's role in Tata Sons
There's some tension at the top of Tata Trusts: Vice Chairman Vijay Singh wants an official probe into how the Sir Dorabji Tata Trust (SDTT) is being run, especially around its role in Tata Sons.
This follows similar concerns raised earlier by another vice chairman, Venu Srinivasan, about how trustees are chosen and decisions are made.
Vijay Singh warns SDTT tax risk
Singh is uneasy that SDTT's big stake in Tata Sons is pulling it into business activities that might not fit its charitable mission.
He's worried this could break tax rules and put SDTT's tax-exempt status at risk.
Singh also says Srinivasan's exclusion from key decisions has been a concern and has sought suspension or removal of trustees as consequential action based on the findings of the inquiry.
For now, he wants the current board to stay as is until things are sorted out.