What is Consequences of not complying with CSR provisions?

Companies meeting certain thresholds of net worth, turnover, or profit are required to spend 2% of their average net profits on Corporate Social Responsibility (CSR). Non-compliance can lead to penalties on the company and its officers.

Startup Example: A fast-growing, profitable startup crosses the CSR threshold but fails to constitute a CSR committee or make the required spending. They face penalties and reputational risk.

We help growing startups identify and comply with these advanced regulatory requirements.