Monetary penalty for flouting CSR regulations kicks in1 min read . Updated: 22 Jan 2021, 11:19 PM IST
The govt’s latest move allows business to spend more than their obligation to fulfil the community needs post-covid
The government on Friday notified sections of the Companies Act prescribing a monetary penalty for violation of corporate social responsibility (CSR) obligations of businesses and made sweeping changes to the rules to make companies more accountable and to offer some flexibility in CSR spending.
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