Delay in Transferring CSR Fund to PM Fund: MCA imposes Penalty on Comviva Technologies Ltd [Read Order]

CSR Fund - PM Fund - MCA - Penalty - Comviva Technologies Ltd - taxscan

The Adjudicating Officer, Pranay Chaturvedi, Registrar of Companies, NCT of Delhi & Haryana appointed by the Ministry of Corporate Affairs (MCA) recently imposed a penalty in total of Rs.15,40,341.6/- on Comviva Technologies Ltd. and its directors for the delay in transferring Corporate Social Responsibility (CSR) fund. An application was received from the company admitting non-compliance…

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