Centre to take action against 160 firms for CSR violations 
Union Minister PP Chaudhary has said penal action will be initiated against 160 companies under the Companies Act for failing to comply with Corporate Social Responsibility (CSR) norms during 2014-15. Earlier, show-cause notices were served to 1,018 defaulting entities. Notably, a minimum fine of â¹50,000 can be imposed for non-compliance which may go up to â¹25 lakh for certain violations.