The Church of South India (CSI) Trust Association owns properties worth several lakh crores of rupees across the southern parts of the country
The Madras High Court on Monday directed the Registrar of Companies to conduct a fresh inquiry into allegations of misappropriation, mismanagement and misfeasance in the Church of South India (CSI) Trust Association, which owns properties worth several lakh crores of rupees across the southern parts of the country.
Justice R. Mahadevan directed the Registrar to conduct the inquiry strictly in accordance with law by giving an opportunity of hearing to CSITA between February 17 and 22. Within two weeks thereafter, a detailed report should be filed with the Union Ministry of Corporate Affairs for deciding the further course of action.
Since the inquiry against CSITA had not proceeded swiftly since 2011, the judge directed the Centre to take a call on the issue within three weeks after receiving the Registrar’s report. Making it clear…