30 companies penalised in three years over non-compliance with CSR rules
The government has taken action against 30 companies in the last three fiscal years, up to FY25, for failing to comply with corporate social responsibility (CSR) spending regulations. According to Minister of State for Corporate Affairs Harsh Malhotra, the penalties were initiated after examining records, receiving complaints, and following due legal processes as per the Companies Act.
ANI Representational image The Centre has penalised 30 companies over the past three years through FY25 for non-compliance of rules governing the corporate social responsibility (CSR) spending, minister of state for corporate affairs Harsh Malhotra told the Rajya Sabha on Tuesday. In a written reply, he said: "Penal action is initiated as per provisions of the (Companies) Act, following due process of law after examination of records and / or receipt of complaint against the companies and officers-in-default."
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