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        Corp. Laws, SEBI & IBC

        CSR Activities in Metropolitan Cities of Maharashtra Question

        March 3, 2015

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        The year 2014-15 is the first year of implementation of Corporate Social Responsibility (CSR) policies by companies under the Companies Act, 2013. Details relating to CSR activities undertaken by the corporate sector are expected to be available only after annual statutory disclosures on CSR are made by companies towards the end of the year 2015.

         The Companies (Corporate Social Responsibility Policy) Rules, 2014 have been notified, and these include a format for the report related to CSR to be included in the report of the Companies’ Board.

        This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

        Corporate Social Responsibility compliance requires annual statutory disclosures under specified company rules and a prescribed board report format. Implementation of Corporate Social Responsibility obligations requires companies to disclose CSR activities through annual statutory filings and to follow the Companies (Corporate Social Responsibility Policy) Rules, 2014, which prescribe a format for the CSR report to be included in the board's report.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Corporate Social Responsibility compliance requires annual statutory disclosures under specified company rules and a prescribed board report format.

                                Implementation of Corporate Social Responsibility obligations requires companies to disclose CSR activities through annual statutory filings and to follow the Companies (Corporate Social Responsibility Policy) Rules, 2014, which prescribe a format for the CSR report to be included in the board's report.


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