{"id":5408,"date":"2019-08-24T09:10:51","date_gmt":"2019-08-24T03:40:51","guid":{"rendered":"http:\/\/udaen.info\/?p=5408"},"modified":"2019-08-24T09:10:59","modified_gmt":"2019-08-24T03:40:59","slug":"csr-violations-not-to-be-treated-as-criminal-offence-sitharaman","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=5408","title":{"rendered":"CSR violations not to be treated as criminal offence: Sitharaman"},"content":{"rendered":"<blockquote><p>CSR violations not to be treated as criminal offence: Sitharaman<\/p>\n<p>&#8220;CSR violations&#8230; not be be treated as criminal offence and will be civil liability,&#8221; Sitharaman, who also holds the charge of the corporate affairs ministry, said<br \/>\nIndustry has expressed concerns over penal provisions for non-compliance with Corporate Social Responsibility requirements in the amended Companies Act, 2013<br \/>\nNEW DELHI: Allaying industry concerns, finance minister Nirmala Sitharaman on Friday said violations of Corporate Social Responsibility (CSR) norms under the companies law will be treated only as a civil liability and not as a criminal offence.<br \/>\nThe corporate affairs ministry would review the sections concerned under the Companies Act, she said.<br \/>\nIndustry has expressed concerns over penal provisions for non-compliance with Corporate Social Responsibility requirements in the amended Companies Act, 2013.<\/p>\n<p>Addressing the media on measures to boost the economy, Sitharaman said the government respects and honours wealth creators.<br \/>\n&#8220;CSR violations&#8230; not be be treated as criminal offence and will be civil liability,&#8221; Sitharaman, who also holds the charge of the corporate affairs ministry, said.<br \/>\nThe government has provided companies through revised orders more time for completing ongoing projects as part of their CSR obligations.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>CSR violations not to be treated as criminal offence: Sitharaman &#8220;CSR violations&#8230; not be be treated as criminal offence and will be civil liability,&#8221; Sitharaman, who also holds the charge of the corporate affairs ministry, said Industry has expressed concerns over penal provisions for non-compliance with Corporate Social Responsibility requirements in the amended Companies Act, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[29],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/5408"}],"collection":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5408"}],"version-history":[{"count":1,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/5408\/revisions"}],"predecessor-version":[{"id":5409,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/5408\/revisions\/5409"}],"wp:attachment":[{"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}