BENGALURU/MUMBAI, April 20 -- Former Tata Trustee Mehli Mistry has said that Tata Trusts' plan to amend restrictive clauses that limit trustee eligibility at an affiliate trust to Zoroastrians amounts to an admission that its current board is not in compliance with the 103-year-old trust's current laws.
Mistry, a close confidante of late Ratan Tata who was ousted from all but one of the Tata Trusts in October last year, also said any such amendment to the Bai Hirabai Jamsetji Tata Navsari Charitable Institution would apply only prospectively, and cannot validate the appointment of existing trustees who do not meet the eligibility criteria under the current deed.
"Any such amendment would require an application before the Maharashtra Cha...
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