MCA notified Companies (Accounts) Amendment Rules, 2022 and introduced concept of Report on Corporate Social Responsibility in form CSR-2...
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There is no specific incentive mechanism in place to incentivise the effective utilisation of Corporate Social Responsibility (CSR) funds by companies as this is a regulatory requirement under Companies Act, 2013...
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Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public....
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Under the current legal framework, there is no provision of social audit of Corporate Social Responsibility (CSR) expenditure made by the companies...
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There is no structured study carried out by the Ministry of Corporate Affairs (MCA) regarding impact of enforcement of Corporate Social Responsibility (CSR) provisions of the Companies Act,2013 (‘Act’)....
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The broad framework for Corporate Social Responsibility (CSR) has been provided through Section 135 of the Companies Act, 2013 ('Act'), Schedule VII of the Act and Companies (CSR Policy) Rules, 2014....
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What is CSR? Corporate Social Responsibility is a management concept by which companies integrate social and environmental aspects into their business operations and interactions with their stakeholders. CSR is generally understood as the way in which a company achieves a balance between economic, environmental and social requirements (&#...
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General circular No 08/2022 -
26/07/2022
Clarification on spending of CSR funds for “Har Ghar Tiranga” campaign by MCA vide general circular No 08/2022 dated 26/07/2022 The Ministry of Corporate affairs has issued a general circular dated 26/07/2022 permitting the companies to spend their CSR funds for activities related to the ‘Har Ghar Tiranga’ campaign...
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General Circular No. 08/ 2022 -
26/07/2022
'Har Ghar Tiranga', a campaign under the aegis of Azadi Ka Amrit Mahotsav, is aimed to invoke the feeling of patriotism in the hearts of the people and to promote awareness about the Indian National Flag....
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The concept of CSR rests on the ideology of businesses giving back to society as they grow and benefit. Companies take resources in the form of raw materials, human resources etc. from the society. By performing the task of CSR activities, the companies are giving something back to the society....
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