Non-Utilization of CSR Funds: RoC slams RHI Magnesita India Ltd with Rs. 1 Crore Fine

CSR Funds - Non-Utilization - Non-Utilization of CSR Funds - CSR - RoC - RoC slams - RoC slams RHI Magnesita India Ltd - RHI Magnesita India Ltd - Fine - taxscan

The Registrar of Companies (RoC) penalized RHI Magnesita India Ltd. for violation of Corporate Social Responsibility (CSR) regulations and failure to transfer unspent CSR funds of Rs. 1,03,40,799 to government-approved funds listed by the government within the stipulated deadline, according to sources. The RoC has imposed a fine of Rs 1 crore on the company…

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