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    December 18, 2019
    Smt. Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of State/UTs
    December 13, 2019
    CCI approves acquisition of shares in SBI General Insurance by Napean Opportunities LLP
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    News
    All› Corp. Laws, SEBI & IBC › Corp. Laws, SEBI & IBC - 2019
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    December 18, 2019
    Smt. Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of State/UTs
    Show AI Summary
    Cooperative federalism: states submitted fiscal and investment recommendations; Union will examine and consider memorandums.
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    December 13, 2019
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    Show AI Summary
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    December 2, 2019
    MCA filed 11,082 prosecutions for non-filling of statement of accounts by Companies.
    Show AI Summary
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    November 25, 2019
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      Corp. Laws, SEBI & IBC

      Education sector received maximum CSR funds from 2014-15 to 2017-18

      December 10, 2019

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       ‘Education’ sector received the maximum CSR spent during financial year 2014-15 to 2017-18. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

      On the basis of filings made by the companies in the MCA 21 registry, the details of the CSR amount spent by various companies in Education Sector for the financial years 2014-15, 2015-16, 2016-17 and 2017-18 are given below:

      Development Sector

      FY

      2014-15

      FY

      2015-16

      FY

      2016-17

      FY

      2017-18

      Grand

      Total

      Education (in Rs. crores)

      2,589.42

      4,057.45

      4,500.82

      4,594.64

      15,742.33

      (Data upto 30.06.2019) [Source: National CSR Data Portal]

      The Union Minister further stated that Corporate Social Responsibility (CSR) is a Board driven process and the Board of the company is empowered to decide the activities to be undertaken as per Schedule VII of the Companies Act, 2013 taking into consideration the recommendation of its CSR committee. The entire CSR architecture is disclosure based and CSR mandated companies are required to file details of CSR amount spent annually in MCA21 registry.

      The details of project undertaken by the Company is not maintained separately by the Ministry. State-wise data related to CSR amount spent and details of company-wise projects undertaken (including PSUs) for the financial years i.e. 2014-15, 2015-16, 2016-17 and 2017-18 are available at National CSR Data Portal of this Ministry (www.csr.gov.in) which displays disclosures made by companies at MCA 21 registry.

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