Crackdown against India Inc: Over 5,000 firms get notices for CSR non-compliance
ZeeBiz WebTeam | Dec 17, 2018, 09:53 AM IST
About 254 companies are facing prosecution for violations during 2014-15.
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No. of companies
5382 Companies have been identified so far in the current fiscal year. (Pixabay)
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Notices sent by MCA
300 Such notices were sent by the Ministry of Corporate Affairs. (PTI)
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CSR law
2% of the average of three-year annual profit has to be spent on CSR activities. (Pixabay)
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Expenditure on CSR in 2015-16
Rs 14,366 cr: spent during 2015-16 by 21,498 firms. (Shiv Nadar Foundation website)
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Expenditure on CSR in 2016-17
Rs 13,465 spent by 19,933 companies on CSR during 2016-17. (Pixabay)
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Money spent on CSR
16785 Companies spent over Rs 10,66 crore on CSR activities during 2014-15, the first year of CSR law. (Reliance)