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CSR NORMS VIOLATIONS
Tata Trusts to hike philanthropic spending to Rs 2,000 cr this fiscal, CEO hits back at 'chaos' narrativeTata Trusts will boost its charitable spending to Rs 2,000 crore this fiscal year. CEO Siddharth Sharma highlighted the trusts' commitment ...- Suits & Sayings: Digging DeepET’s roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
- NGT allows Hindustan Zinc's plea to treat penalty of Rs 25 crore as CSR activityThe NGT was hearing a review petition filed by Hindustan Zinc Ltd to reassess the order dated February 2, 2022 and discharge the company fr...
- Govt sanctioned prosecution in 366 cases related to CSR norms violations: Nirmala Sitharaman"Whenever any violation of CSR provisions is reported, action against such non-compliant companies are initiated as per provisions of the A...
- Firms can offset excess FY20 funds to PM CARES against FY21 CSR spendThe MCA had received several representations seeking offsetting of excess CSR funds contributed to the PM CARES fund in FY20 as the ministr...
- CSR violations not to be treated as criminal offence: Nirmala Sitharaman"CSR violations... not be be treated as criminal offence and will be civil liability," Sitharaman, who also holds the charge of the corpora...
- Caught in the (Companies) Act? Don't fretGovernment is looking to decriminalise most offences under companies law.
- Which's the most philanthropic of 'em all? RIL tops list with Rs 640 cr CSR spend; PSUs NTPC, ONGC follow nextA KPMG survey found that companies spent most on education.
- ‘TCS, Kotak Bank among NSE companies not to have fully spent CSR money’Federal Bank, AU Small Finance, RBL Bank, and Uflex are among others with unspent CSR budgets.
- Jail term for CSR violation makes firms anxiousMany firms fear that provisions may turn ‘harassment tool’ but others see move as CSR enabler.
- Companies may face penal action for not meeting CSR rules: Nirmala SitharamanThe finance minister said that the corporate affairs ministry will now be able to give directions to companies to ensure compliance with CS...
- Companies to face penal action for not meeting CSR rulesThe finance minister said that the corporate affairs ministry will now be able to give directions to companies to ensure compliance with CS...
- 284 companies may face prosecution for CSR non-complianceCompanies with a net worth of Rs 500 crore or more, revenues of Rs 1,000 crore or more, or net profit of Rs 5 crore or more in a fiscal yea...
- Companies spent Rs 28,000 crore towards CSR works in nearly 3 yearsIn the current fiscal till November 30, a total of Rs 4,719 crore was spent while the total money shelled out towards CSR works touched a h...
- 196 companies face penal action for CSR violations: GovernmentA total of 5,870 companies shelled out Rs 9,553.72 crore towards CSR activities in 2014-15 while the number of such firms and total money s...
- Little more nudging needed to ensure CSR norms compliance: OfficialWithout divulging any specific plans, he said the ministry would like to remind companies about not being compliant.
- 187 companies face penal action for CSR violations: PP ChaudharyUnder the Companies Act, certain class of profitable entities have to shell out at least 2% of their 3-year annual average net profit towar...
- Over 530 companies may face action for CSR norm violationsThey also have to constitute a CSR committee of the respective board of directors and this panel would formulate and recommend to the board...
- Over 1,900 companies spend Rs 8,029 crore towards CSR works in 2014-15Under the Companies Act, 2013, certain class of entities are required to spend at least two per cent of their three-year annual average net...
- PM Modi to launch 'Beti Bachao Beti Padhao Scheme' on January 22Government's ambitious 'Beti Bachao Beti Padhao Scheme' to improve the child sex ratio (CSR) will be launched by Prime Minister Narendra Mo...
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