The world’s IT giant Infosys is likely to be fined by a district court in Texas for its alleged misuse of forms I-9 of business visas (B-1) meant for short term visits and that have restrictions from engaging in a gainful employment during the stay. The employer uses I-9 form part B-1 visas to verify an employee’s identity and to establish that worker is eligible to accept employment in the US. The US legal department found that there are certain violations takes place in I-9 forms of B-1 visas.

Hence, the Infosys, which is under investigation by the US justice department was served notices by the Texas court on May 23, 2011 for violating the visa norms. The court is likely levy a fine of $35 million that comes around Rs.219 crores.

Infosys chief executive SD Shibulal told the media earlier this month that the Company has set aside Rs.219 crores to meet the legal expenses. This hints that Infosys is already prepared to pay the penalty if the court convicts it in the B-1 visa violations. Obviously, it reflects on Infosys shares, that comes down by 0.6 percent thus bring the share value to Rs.3,304.65 in NSE.