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M Pallonji

Learning from Parsiana

Parsiana seldom receives information about the activities of the Bombay Parsi Punchayet (BPP) but on rare occasions the BPP trustees learn of developments in their trust from Parsiana. When Parsiana put up a post on October 8, 2018 mentioning that BPP chairman Yazdi Desai had filed on September 16 an application "seeking exemption from payment of bonus under the provisions of section 36 of the Payment of Bonus Act, 1965,” his six co-trustees were caught off guard. They were not only unaware of the application but had jointly agreed with Desai to pay the Rs 76,81,525 bonus due to the......



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