New performance rules for central public sector enterprises have come into effect. Strict penalties will be applied for not meeting corpora...

Under the Companies Act, 2013, certain classes of profitable companies are required to spend at least 2 per cent of their average net profi...

Decision follows suggestions by a panel which wants breaches to be treated as civil offences, backs penalties

A high-level panel on CSR is likely to propose increased disclosures to bring transparency in spending on these activities.

As 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.

The reasons for not spending included cos not finding suitable implementing agency, delay in formation of CSR committee and inability to fo...

A Parliamentary panel has suggested to the government that it impose penalty on corporates for not spending mandatory 2 per cent of their n...

Suresh Prabhu said that if the management of India Inc and commitment of social activists were pooled, it could truly transform the social ...

A lenient view should be taken of companies not complying with corporate social responsibility (CSR) provisions underlined in Companies Act.

Sitharaman said that the companies "are at a preliminary stage of undertaking CSR activities like setting up of CSR Committees.

Various activities aimed at reducing inequalities faced by socially and economically backward groups have been included.

The Committee has also expressed unhappiness on Steel Ministry's reply to it that so far there is no provision of CSR activities by private...

Dismayed that world's largest coal miner CIL could spend barely 15 % of the funds earmarked for CSR, a parliamentary panel has recommended ...

Certain class of entities have to spend at least two per cent of their three-year average net profit towards Corporate Social Responsibilit...

Corporate Affairs Minister Sachin Pilot asked the companies to desist from spending on profit-earning activities to meet norms.

Stating that Coal India spent just Rs 82 crore out of Rs 553 crore alloted to it in FY'12 under corporate social responsibility.

The government on Wednesday clarified that the new Companies Bill is not going to make spending on CSR activities mandatory for companies.