Sanctioned for prosecution given to 366 cases in violation of CSR norms

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..... Sanctioned for prosecution given to 366 cases in violation of CSR norms
News and Press Release
Dated:- 10-12-2019

Whenever any violation of Corporate Social Responsibility (CSR) provisio .....

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..... ns is reported, action against such non-compliant Companies are initiated as per provisions of Companies Act, 2013 after due examination of records. So far, sanction for prosecution has been accorded .....

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..... in 366 cases. All CSR related offences are compoundable. So far 118 applications for compounding have been made and 37 cases have been compounded. This was stated by Shri Anurag Singh Thakur, Union M .....

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..... inister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. The Union Minister further stated that Corporate Social Responsibility (CSR) is a Board driven .....

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..... process and the Board of the company is empowered to decide the activities to be undertaken as per Schedule VII of the Companies Act, 2013 taking into consideration the recommendation of its CSR comm .....

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..... ittee. The entire CSR architecture is disclosure based and CSR mandated companies are required to file details of CSR amount spent annually in MCA21 registry.
News - Press release - PIB .....

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