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CSR 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 ...- Unlisted firms climb up CSR spend listUnlisted companies in India spent nearly as much on corporate social responsibility (CSR) as listed firms in 2022-23, reflecting improved p...
- Rs 36,145 cr spent under CSR by companies in 2019-21"The government monitors the compliance of CSR provisions through the disclosures made by the companies in the MCA21 registry. Whenever any...
- 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...
- Report on CSR violation being fast-trackedThe panel - headed by corporate affairs secretary Injeti Srinivas has suggested that the government classify offences under CSR provisions ...
- 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.
- Government won’t go ahead with new CSR rulesDecision follows suggestions by a panel which wants breaches to be treated as civil offences, backs penalties
- MCA plans to make geotagging of CSR projects mandatoryThe move comes after govt introduced penal provisions to deal with CSR violations.
- Jail term for CSR violation makes firms anxiousMany firms fear that provisions may turn ‘harassment tool’ but others see move as CSR enabler.
- 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...
- Govt does not micro manage CSR activities under cos law: Piyush GoyalAs per the law, a company has to constitute a CSR committee of its board and that would decide on the activities to be taken up.
- MCA issues 'preliminary notices' to 272 cos for non-compliance with CSR normsUnder the Companies Act, 2013, certain class of entities are required to spend at least two per cent of their three-year average net profit...
- 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...
- 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...
- CSR may become mandatory if Companies Bill is passed with house panel suggestionsParliamentary Standing Committee wants cos with annual turnover of over Rs 1,000 crore to earmark 2% net profits for corporate social respo...
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