Ministry of Corporate Affairs
Sanctioned for prosecution given to 366 cases in violation of CSR norms
Posted On: 10 DEC 2019 5:38 PM by PIB Delhi
Whenever any violation of Corporate Social Responsibility (CSR) provisions is reported, action against such non-compliant Companies are initiated as per provisions of Companies Act, 2013 after due examination of records. So far, sanction for prosecution has been accorded in 366 cases. All CSR related offences are compoundable. So far 118 applications for compounding have been made and 37 cases have been compounded.
This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.
The Union Minister further stated that Corporate Social Responsibility (CSR) is a Board driven process and the Board of the company is empowered to decide the activities to be undertaken as per Schedule VII of the Companies Act, 2013 taking into consideration the recommendation of its CSR committee. The entire CSR architecture is disclosure based and CSR mandated companies are required to file details of CSR amount spent annually in MCA21 registry.
Ministry of Corporate Affairs
Education sector received maximum CSR funds from 2014-15 to 2017-18
Posted On: 10 DEC 2019 5:35 PM by PIB Delhi
‘Education’ sector received the maximum CSR spent during financial year 2014-15 to 2017-18. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.
On the basis of filings made by the companies in the MCA 21 registry, the details of the CSR amount spent by various companies in Education Sector for the financial years 2014-15, 2015-16, 2016-17 and 2017-18 are given below:
| Development Sector | FY
2014-15 |
FY
2015-16 |
FY
2016-17 |
FY
2017-18 |
Grand
Total |
| Education (in Rs. crores) | 2,589.42 | 4,057.45 | 4,500.82 | 4,594.64 | 15,742.33 |
(Data upto 30.06.2019) [Source: National CSR Data Portal]
The Union Minister further stated that Corporate Social Responsibility (CSR) is a Board driven process and the Board of the company is empowered to decide the activities to be undertaken as per Schedule VII of the Companies Act, 2013 taking into consideration the recommendation of its CSR committee. The entire CSR architecture is disclosure based and CSR mandated companies are required to file details of CSR amount spent annually in MCA21 registry.
The details of project undertaken by the Company is not maintained separately by the Ministry. State-wise data related to CSR amount spent and details of company-wise projects undertaken (including PSUs) for the financial years i.e. 2014-15, 2015-16, 2016-17 and 2017-18 are available at National CSR Data Portal of this Ministry (www.csr.gov.in) which displays disclosures made by companies at MCA 21 registry.
Source-
https://pib.gov.in/PressReleseDetail.aspx?PRID=1595758
https://pib.gov.in/PressReleseDetail.aspx?PRID=1595756
