corporate social responsibility

CSR – Global Issues and National Significance

Corporate Law - Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. The analysis of the above-mentioned definition provides us with the clear pictur...

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Waste Management- An enriching CSR opportunity for Corporate India

Corporate Law - Rapid urbanizationis one of the major factor in which our country is facing a massive waste management challenge today. India suffers from inadequate waste infrastructure and a tremendous increase in solid waste generation per capita. Segregation of waste at source and resource recovery is the key to well- established waste management pra...

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Brief notes on Corporate Social Responsibility: Companies Act 2013

Corporate Law - In Companies Act 2013, there is provision for Corporate Social Responsibility under Section 135 of Companies Act 2013. By following provision of the CSR, companies are giving something back to society....

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Corporate Social Responsibility and Selection of Organisation for Partnership

Corporate Law - CS Deepak Pratap Singh We Indians have charity inherited in our heart, we have grown by seeing that our fathers’ and forefathers’ are donating in various temples, mosques, gurudwaras and churches. We are donating or doing philanthropic works without knowing that , who is the true beneficiary of our donation or charity. The fac...

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CSR Provisions – Obligation or Opportunity

Corporate Law - With the introduction of Corporate Social Responsibility provisions, many corporate consider this provision to be a burden on them. ...

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CSR is getting mainstreamed through Companies Act 2013

Corporate Law - The Minister of State (MoS) for Finance and Corporate Affairs, Shri Arjun Ram Meghwal, says Corporate Social Responsibility (CSR) is getting mainstreamed through the Companies Act 2013. This landmark legislation has brought the issue of CSR from back rooms of corporates to their Board rooms ...

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Show cause notices to 1018 companies for violation of CSR norms

Corporate Law - Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013....

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High Level Committee Report on CSR Compliance

Corporate Law - Major recommendations of the Committee include, inter-alia, the following: It would be desirable to conduct a review of the CSR provision of the Act after three years. Ceiling on administrative overhead cost should be increased from 5% to not more than 10% of the CSR expenditure. Definition of the term “net profit” used u...

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Draft Guidance Note on Treatment of CSR Activity Costs

Corporate Law - Cost Accounting Standards Board (CASB) releases Exposure Draft of Guidance Note on ‘Treatment of Costs Relating to Corporate Social Responsibility (CSR) Activities ‘. Cost Accounting Standards Board (CASB), the standard-setting body of the Institute, has approved the release of Exposure Draft of Guidance Note on ‘Treatment o...

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FM wants companies to voluntarily adopt good governance and corporate social responsibility (CSR) practices

Corporate Law - Finance Minister Pranab Mukherjee said he’d like companies to voluntarily adopt good governance and corporate social responsibility (CSR) practices, rather than be legally compelled to do so. Pranab Mukherjee Such voluntary contributions should be re...

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Voluntary CSR Expense allowable as business expenditure

ACIT vs. Jindal Power Limited (ITAT Raipur) - CSR expense disallowance is restricted to the expenses incurred by the assessee under a statutory obligation under section 135 of Companies Act 2013, and there is thus now a line of demarcation between the expenses incurred by the assessee on discharging corporate social responsibility under such a ...

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CSR Policy Amendment Rules 2016

Notification No. G.S.R. 540(E) - (23/05/2016) - The Board of a company may decide to undertake its CSR activities approved by the CSR Committee, through (a) a company established under section 8 of the Act or a registered trust or a registered society, established by the company, either singly or alongwith any other company, or (b) a compa...

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23 FAQs on Corporate Social Responsibility U/s. 135 of Companies Act, 2013

General Circular No. 01/2016 - (12/01/2016) - Section 135 of the Companies Act, 2013, Schedule VII of the Act and Companies CSR Policy Rules, 2014 read with General Circular dated 18.06.2014 issued by the Ministry of Corporate Affairs, provide the broad contour within which eligible Companies are required to formulate their CSR policies includi...

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Recent Posts in "corporate social responsibility"

CSR – Global Issues and National Significance

Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. The analysis of the above-mentioned definition provides us with the clear pictur...

Read More
Posted Under: Corporate Law |

Waste Management- An enriching CSR opportunity for Corporate India

Schedule VII of Companies Act, 2013 (Ni/l/)

Rapid urbanizationis one of the major factor in which our country is facing a massive waste management challenge today. India suffers from inadequate waste infrastructure and a tremendous increase in solid waste generation per capita. Segregation of waste at source and resource recovery is the key to well- established waste management pra...

Read More
Posted Under: Corporate Law |

CSR is getting mainstreamed through Companies Act 2013

The Minister of State (MoS) for Finance and Corporate Affairs, Shri Arjun Ram Meghwal, says Corporate Social Responsibility (CSR) is getting mainstreamed through the Companies Act 2013. This landmark legislation has brought the issue of CSR from back rooms of corporates to their Board rooms ...

Read More
Posted Under: Corporate Law |

Brief notes on Corporate Social Responsibility: Companies Act 2013

In Companies Act 2013, there is provision for Corporate Social Responsibility under Section 135 of Companies Act 2013. By following provision of the CSR, companies are giving something back to society....

Read More
Posted Under: Corporate Law |

Show cause notices to 1018 companies for violation of CSR norms

Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013....

Read More
Posted Under: Corporate Law |

Corporate Social Responsibility and Selection of Organisation for Partnership

CS Deepak Pratap Singh We Indians have charity inherited in our heart, we have grown by seeing that our fathers’ and forefathers’ are donating in various temples, mosques, gurudwaras and churches. We are donating or doing philanthropic works without knowing that , who is the true beneficiary of our donation or charity. The fac...

Read More
Posted Under: Corporate Law |

CSR Provisions – Obligation or Opportunity

With the introduction of Corporate Social Responsibility provisions, many corporate consider this provision to be a burden on them. ...

Read More
Posted Under: Corporate Law |

Analysis of CSR expense of 7334 Companies for FY 2014-15

Out of 10475 eligible companies, 7334 have reported as of 31st January 2016. Out of these reporting companies only 3139 have done some expenditure on CSR....

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Posted Under: Corporate Law |

Deduction of CSR expenses under Income Tax Act, 1961

Give and take is a way of getting things done in a desired manner. When we give something, we expect something. A mom dictating a child to finish her homework gets a likely response If I will finish this, will you give me a chocolate? Similar was the expectation of the corporates regarding the allowance of expenditure incurred for fulfill...

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Posted Under: Corporate Law |

Charter for Corporate Social Responsibility (CSR) Committee

The objective of the Corporate Social Responsibility Committee of the Board of Directors the Company shall be to assist the Board and the Company in fulfilling its corporate social responsibility...

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Posted Under: Corporate Law |
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