CSPM sends notice to 272 companies on CSR compliance

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CSPM sends notice to 272 companies on CSR compliance

Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Rajya Sabha today that the Ministry has established Centralised Scrutiny and Prosecution Mechanism (CSPM) in April, 2018 for the financial year 2015-16 onwards on the pilot basis for enforcement of CSR provisions. CSPM has been tasked to start with the examination of records of top 1,000 companies mandated to spend on CSR. Based on inquiry, preliminary notices have been issued to 272 companies.

This was stated by Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary in Rajya Sabha on 07.08.2018.

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