Sir Ratan Tata Trust served legal notice for having 3 lifetime trustees

The Sir Ratan Tata Trust has been served a legal notice alleging a violation of Section 30A(2) of the amended Maharashtra Public Trusts Act, CNBC TV18 reported. The notice claims that 50% of the Trust's six-member board are perpetual or lifetime members. Contrarily, the Act mandates that perpetual trustees "shall not exceed one-fourth of the total number of trustees".