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Dr.Naushad Forbes' views on harsh penalties for non-compliance on CSR

“I think in the first couple of years several companies struggled to spend as they did not have a mechanism in place. However, over the last couple of years, most large companies that are profitable have beaten the requirement of 2% of average net profit of last three years for CSR spend. I am not sure what motivated the government, but such moves take us behind,” said Naushad Forbes, co-chairman of Forbes Marshall.

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