The provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 and Rules made there under have come into force only recently, i.e., 01.04.2014. Details about the funds utilized by the companies under CSR would be available to Ministry of Corporate Affairs only after the mandatory disclosures of CSR expenditure are made by companies, which would be due within six months after completion of financial year 2014-15, i.e. after September 2015.

This was stated by Smt. Nirmala Sitharaman, MoS in the Ministry of Corporate Affairs in written reply to a question in the Rajya Sabha today.

Corporate social responsibility disclosures require companies to report CSR spending to the ministry within the mandated post-year deadline. Corporate Social Responsibility provisions became operative in early 2014 and impose a reporting obligation on companies to disclose CSR expenditure; the Ministry will obtain details of funds utilised under CSR only after companies submit mandatory disclosures, which are due within six months after the end of the relevant financial year, in connection with CSR spending for welfare of Scheduled Castes and Scheduled Tribes.