Spending on Corporate Social Responsibility by Companies

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pending on Corporate Social Responsibility by Companies <br>News and Press Release<br>Dated:- 19-8-2013<br><BR>There is no provision for Corporate Social Responsibility (CSR) spending by companies in ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the present company law i.e. Companies Act, 1956. However, the new Companies Bill, 2012 has a provision of CSR under Clause 135 which states that every company having net worth of Rs. 500 crore or mor....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e, or turnover of Rs. 1000 crore or more or net profit of rupees five crore or more during any financial year, shall constitute a CSR Committee to recommend its activities for discharging CSR in such ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a manner that the company would spend at least 2 per cent of its average net profits of the previous three years on CSR activities. Giving this information in written reply to a question in the Lok Sa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bha, Shri Sachin Pilot, Minister of Corporate Affairs, said that the companies will have latitude in designing project based CSR interventions. Reporting requirements etc. will be discussed with all s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....takeholders and defined once the Bill is enacted, the Minister said.<BR> News - Press release - PIB....