NEW DELHI: IT firm Tech Mahindra Group agency Comviva has been penalised Rs 1 lakh for the delay in transferring unspent company social accountability obligation to the Prime Minister’s National Relief Fund, as per a regulatory submitting. The Ministry of Corporate Affairs’ Regional Director for the Northern Region has dominated towards an enchantment filed by Comviva towards the order of the Registrar of Companies, which imposed a penalty of Rs 1 lakh on the corporate for the delay.
According to the submitting, there was an inadvertent delay due to technical causes in the switch of the quantity unspent in relation to the Corporate Social Responsibility (CSR) obligation for the FY ended March 31, 2021, to the Prime Minister’s National Relief Fund throughout the prescribed interval of 6 months of the expiry of the monetary yr as per the Companies Act, 2013.
(*1*) Tech Mahindra mentioned in a submitting on Saturday.
Comviva is in the method of depositing the penalty quantity with the Ministry of Corporate Affairs, the submitting mentioned.
According to the submitting, there was an inadvertent delay due to technical causes in the switch of the quantity unspent in relation to the Corporate Social Responsibility (CSR) obligation for the FY ended March 31, 2021, to the Prime Minister’s National Relief Fund throughout the prescribed interval of 6 months of the expiry of the monetary yr as per the Companies Act, 2013.
(*1*) Tech Mahindra mentioned in a submitting on Saturday.
Comviva is in the method of depositing the penalty quantity with the Ministry of Corporate Affairs, the submitting mentioned.
