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Expenditure on Corporate Social Responsibility

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....xpenditure on Corporate Social Responsibility <br>News and Press Release<br>Dated:- 27-11-2012<br><BR>Press Information Bureau Government of India Ministry of Corporate Affairs 26-November-2012 19:....

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....30 IST Government has said that Clause 135 of the Companies Bill, 2011, inter alia, provides for the Boards of specified companies to spend at least 2% of the average net profits (of last 3 years) in....

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.... pursuance of the company's Corporate Social Responsibility(CSR) policy and in case of failure, to specify the reasons for not spending such amount in the Board's Report. Giving this information in wr....

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....itten reply to a question in the Rajya Sabha today Shri Sachin Pilot, Minister of Corporate Affairs said that the provisions on CSR in the Companies Bill, 2011 were formulated also keeping in view the....

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.... suggestions received from various stakeholders. He informed the House that the Parliamentary Standing Committee on Finance which examined the Companies Bill, 2009 and the Companies Bill, 2011 has als....

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....o recommended inclusion of these provisions in the Bill. The Ministry of Corporate Affairs has not received any communication from any company expressing reservations/objections about the provision re....

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....ferred above, Shri Pilot said. ------------------------ KKP<BR> News - Press release - PIB....