Pundhir said HCL Foundation — CSR arm of HCL Technologies — had been disclosing the details of its CSR spending since 2015-16, although the government has notified its format this year. NEW DELHI: A detailed disclosure framework for Corporate Social Responsibility (CSR) spending by companies notified by the government is a “positive step” as it …
The Corporate Social Responsibility (CSR) regime, applicable for certain class of profitable companies, came into force in April 2014. The new disclosure framework for CSR spending by companies will help gather granular details for analytical purposes and also bring greater transparency with respect to expenditure, according to a senior government official. The Corporate Social Responsibility …
New disclosure framework for CSR spendings to enhance transparency Read More »
New Delhi, The Ministry of Corporate Affairs (MCA) has introduced an extensive format for reporting corporate social responsibility (CSR). The government had mandated Corporate India to publish a comprehensive report on their specific CSR initiatives. With the new 11-page form notified by the MCA on February 11, companies will have to provide the details of …
The Confederation of Indian Industry (CII) has reportedly pitched for an additional 1% corporate social responsibility (CSR) levy in the upcoming budget to encourage companies to spend on providing Covid booster shots. The purpose is to supplement GoI’s efforts to provide the ‘precautionary dose’. This is fine. But how much companies want to spend on …
The CSR rules in India came with many guiding principles and requirements around constitution and functions of CSR committees, responsibilities of the board of directors and around utilisation of the CSR funds and certification by CFOs. Corporate Social Responsibility or CSR has been a talking point for many countries, governments, and corporates. There is no …
Corporate Social Responsibility: How India’s CSR rules ensure strict compliance Read More »
