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Most of top listed firms fail to meet minimum CSR spending

Most of India’s top listed firms did not manage to meet the minimum spending requirement on corporate social responsibility (CSR) as laid down in the New Companies Act 2013, even though aggregate CSR spending was high as some of them spent more than the mandated amount...About 32 of the Nifty 50 companies have missed this target, according to data compiled by CimplyFive Corporate Secretarial Services Pvt. Ltd, a firm provides services and technology to improve regulatory compliance across firms.

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