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Home Ministry cancels registration of Infosys Foundation

Monday, May 13, 2019, 3:08 PM

The Home Ministry has cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants, officials said. All NGOs are mandatorily required to be registered under the FCRA to receive foreign funding. The registration was cancelled as Infosys Foundation allegedly did not file income and expenditure statement on foreign funding for the past few years, officials said.
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Infosys pays Rs 34 lakh as consent fees to Sebi in Rajiv Bansal case

Wednesday, February 20, 2019, 7:46 AM

Infosys settled a case pertaining to severance-package for former chief financial officer Rajiv Bansal by paying Rs.34.35L as consent fees to market regulator, which had found the compensation was not in accordance with remuneration policy. In May 2016, during the tenure of then CEO Vishal Sikka, Infosys disclosed that it had awarded over Rs,17Cr as severance pay to Bansal, who resigned in October 2015.
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Infosys Foundation announces Rs 10 lakh each to families of martyrs

Sunday, February 17, 2019, 10:42 AM

Infosys Foundation will give 10 lakh each to the families of martyrs who laid down their life in line of duty in the terrorist attack at Pulwama in Jammu & Kashmir. Foundation chairperson Sudha Murty told that the society is indebted to their sacrifice in defence of the nation. The terrorist attack has claimed the life of 40 CRPF soldiers.

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