The Registrar of Companies, Ahmedabad has imposed a penalty of Rs. 1.06 Crore on Ganesh Green Bharat Limited and its director failing to contribute Corporate Social Responsibility funds during the financial years 2021-22 and 2022-23. Section 135 of the Companies Act, 2013 mandates that every company meeting certain financial thresholds must spend at least two percent of its average net …
Big PSUs, including Oil India, Oil and Natural Gas Corporation, Indian Oil Corporation and Coal India, and private sector entities are not spending the mandatory 2% of their annual profits on corporate social responsibility activities in Assam, despite having their production units in the State, an assembly committee has observed. the private sector industries and the PSUs such as OIL, …
