Infosys pays Rs 6 lakh in fees to settle ex-CFO severance payment row

Infosys on Monday said it has paid Rs 6 lakh as compounding fees in the matter related to severance agreement with former CFO Rajiv Bansal.

In November last year, Infosys (along with certain current and former key managerial personnel) submitted applications with the Registrar of Companies for compounding of certain alleged offences that pertain to matters related to the severance agreement executed with Bansal in October 2015.

Generally, compoundable offences are those which can be settled by paying certain amount of money.