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196 companies faced penal action in FY 2014-15 for non-compliance of CSR norms; Maharashtra tops in CSR expenditure in FY 2015-16

News and Press Release - Dated:- 3-1-2018 - With a view to increases awareness and improve compliance of Corporate Social Responsibility (CSR) provisions among companies, the Ministry of Corporate Affairs has issued clarificatory circulars and Freque .....

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2013, have been invoked for non-compliance of CSR provisions. Till date, Ministry has accorded permission for penal action against 196 companies for the financial year 2014 - 15. Section 135 of the Act commenced with effect from financial year 2014 - .....

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entioned after that. CSR Expenditure during 2014-15 and 2015-16 Sl. No. Company Type Financial Year 2014-15 Financial Year 2015-16 No. of companies which have reported any CSR expenditure Actual CSR expenditure (in Rs. crore) No. of companies which h .....

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-16 CSR Expenditure ( In Rs. Crores ) SI. No. State/ UT 2014-15 2015-16 1 Andaman and Nicobar Islands 0.29 0.54 2 Andhra Pradesh 403.91 1195.80 3 Arunachal Pradesh 11.03 1.22 4 Assam 133.07 160.39 5 Bihar 36.20 107.51 6 Chandigarh 1.73 5.08 7 Chhatti .....

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