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NewsBar&BenchMonday, 12 October 2026NEW

Reform or legislative overreach? How Maharashtra's amendment to its public trusts law reached Tata Sons' governance

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Summary

In 2025, Maharashtra amended its public trusts law to limit the number of lifetime trustees where a trust’s governing instrument does not specifically provide for their appointment, a change that has placed some of India’s largest business houses, whose controlling shareholders are public trusts in Maharashtra, under regulatory scrutiny.A trust is a fiduciary arrangement whereby a settlor transfers property to a trustee to hold and manage for the benefit of beneficiaries. Private trusts, created

Key Facts

TypeNews
SourceBar and Bench
PublishedMonday, 12 October 2026
Affected Population1.4 billion citizens, 20 million government employees

Key Numbers

20 million central + state government employees
Rs 3.3 lakh crore transferred via DBT
1,500+ services on UMANG app

Key Authorities

PMOCabinet SecretariatDARPGNITI Aayog

Key Stakeholders

Civil ServantsState GovernmentsJudiciary

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

Amendment History

1 change recorded for this policy.

DescriptionMonday, 12 October 2026via policyradar
In 2025, Maharashtra amended its public trusts law to limit the number of lifetime trustees where a trust’s governing instrument does not specifically provide for their appointment, a change that has placed some of India’s largest business houses, whose controlling shareholders are public trusts in Maharashtra, under regulatory scrutiny.A trust is a fiduciary arrangement whereby a settlor transfers property to a trustee to hold and manage for the benefit of beneficiaries. Private trusts, created
Reform or legislative overreach? How Maharashtra's amendment to its public trusts law reached Tata Sons' governance

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