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Judicious use of CSR Resources
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....udicious use of CSR Resources <br>News and Press Release<br>Dated:- 3-12-2015<br><BR>While no CSR Compendium for the Corporates has been organised by the Ministry, the CSR provisions under the Compani....
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....es Act, 2013, exhort eligible corporates to function in a socially responsible manner with the underlying spirit being to ensure use of scarce resources in a judicious manner for the greater good of S....
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....ociety. Implementation of CSR by companies above specified threshold is a mandatory provision of the Companies Act, 2013. In order to facilitate effective implementation of CSR by companies, the Min....
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....istry of Corporate Affairs has (i) amended Schedule VII of the Act to ensure that a wide range of activities are permissible CSR activities ; (ii) issued a clarificatory circular dated 18.06.2014 sugg....
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....esting, inter-alia, liberal interpretation of Schedule VII; and (iii) issued amendments to the Companies (Corporate Social Responsibility Policy) Rules, 2014, to (a) include 'expenditure on administra....
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....tive overheads' for CSR as permissible CSR expenditure and (b) facilitate pooling of resources by companies to undertake CSR activities. All the above are available on the Ministry's website (www.mca.....
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....gov.in). This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha.<BR> News - Press release - PIB....