The Madras High Court has directed the Registrar of Companies to inquire into allegations of misuse of the assets of the Church of South India (CSI) Trust Association that has properties worth several trillions of rupees across southern India.
In his order, Justice R Mahadevan directed the registrar to conduct the inquiry strictly in accordance with law by giving the church association an opportunity to be heard between February 17 and 22. The Court also asked the registrar to file a detailed report with the federal Ministry of Corporate Affairs for deciding further course of action in two weeks.