Corporate Social Responsibility activities by companies have brought about several changes in nearly 30 government schools here in the last one year. There are more number of computers, benches, desks, cupboards and cleaner toilets, and drinking water facilities in these schools.
While the CSR regulations came into force from 1 April, 2014, a clear picture of how much money has actually been spent during 2014-15 is yet to emerge Finding discrepancies in CSR spending data, the government has asked all eligible companies to furnish details about social welfare activities undertaken by them under the companies law.
Getting more flexibility, corporates can now carry out CSR activities through non-profit entities and societies set up by governments that do not have three years’ track record in undertaking such projects. With the latest amendment to rules pertaining to Corporate Social Responsibility (CSR), entities would have a wider choice in carrying out such works as …
Companies get more flexibility for carrying out CSR works Read More »
A major breakthrough has been achieved in the ironical situation of Tobacco Industries involved in Corporate Social Responsibility. The Ministry of Corporate Affairs (MCA) has given a clarification about Corporate Social Responsibility (CSR).
Absence of stringent provisions has led companies to hide under the garb of explanation for not meeting CSR norms. The Companies Act, 2013 considered to be one of the significant legal reforms in India, has replaced the 60 year old Companies Act, 1956.
