In case of non compliance with CSR
, what will be penalty :
u/s 450( as mentioned in munish bhandari book)
or u/s 134.
plz reply
Hi,
types of Penalties for CSR
1. Section 134(3)(o): to disclose all the relevant information about its CSR policy and its implementation on an annual basis.
Section 134(8): Penalties for not discharging the duty as mentioned above are:
Fine, not less than Rs 50,000, may extend to Rs 25,00,000; and
Every officer of the company in default shall be:
punishable with imprisonment for a term which may extend to 3 years; or
with fine which shall not be less than Rs 50,000 but which may extend to RS 5,00,000,
or with both.
2. if not the above then Section 450 & 451
General penalties for flouting the rules and repeat offences
CAclubindia
