🏛️ Noel Tata defends 1989 share transfer to Charity Commissioner
Noel Tata stated that the transfer of 833 Tata Sons shares from NRTT to the late Naval H Tata in 1989 fully complied with the laws of that time. This transaction, which occurred on January 18, 1989, was reportedly cleared by Nani A Palkhivala and the then board of Tata Sons. The Maharashtra Charity Commissioner's office will now examine his response and supporting documents. The regulator will decide whether to order an independent inquiry under the Maharashtra Public Trusts Act. Meanwhile, Tata Trusts is seeking permission to attend Tata Sons' August 18 AGM.