https://www.taxtmi.com/caselaws?id=402337 The Tribunal imposed a Compounding Fee of Rs. 50,000 by the Company and Rs. 50,000 each by the two Directors, totaling Rs. 1,50,000 for violation of CSR provisions under the Companies Act, 2013. The fee was considered sufficient to deter future non-compliance. The Company rectified the default by transferring funds to a Trust for CSR activities. The Tribunal acknowledged the Company's commitment to CSR and disposed of the Compounding Application upon payment of the fee, directing the Registrar of Companies to take necessary action and submit a compliance report. en-us Thu, 24 Dec 2020 00:00:00 +0530 Wed, 30 Dec 2020 11:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402337 The Tribunal imposed a Compounding Fee of Rs. 50,000 by the Company and Rs. 50,000 each by the two Directors, totaling Rs. 1,50,000 for violation of CSR provisions under the Companies Act, 2013. The fee was considered sufficient to deter future non-compliance. The Company rectified the default by transferring funds to a Trust for CSR activities. The Tribunal acknowledged the Company's commitment to CSR and disposed of the Compounding Application upon payment of the fee, directing the Registrar of Companies to take necessary action and submit a compliance report. Case-Laws Companies Law Thu, 24 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402337