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CSR COMPLIANCE REQUIREMENTS
Regulating charity without stifling it: The case for clearer rulesIndia's charity sector, vital for social needs, faces evolving regulations aimed at transparency. While scrutiny is accepted, current rules...- Govt amends CSR norms; provides more leeway for companiesCompanies can now invest up to ten percent of their Corporate Social Responsibility funds into special instruments. These instruments are c...
- India should increase investment in R&D to 2 per cent of GDP: Niti AayogNiti Aayog has urged India to boost research and development investment to two percent of GDP within five years. The report suggests restor...
- India's R&D punches above its weight, but grant delays and red tape hold back researchersIndia is an innovation 'overperformer' but its research systems lag behind. Improving 'ease of doing R&D' is crucial. This requires faster ...
- Bengaluru airport rolls out AI-driven airside safety system to boost operationsBengaluru Airport is stepping into the future with its cutting-edge Smart Airside Safety System. Harnessing the power of AI and automation,...
- How Toyota's CSR initiative taught rural Karnataka hygiene habitsToyota Kirloskar Motor's ABCD program transformed rural Indian schools by tackling hygiene beliefs. Children became agents of change, promo...
- 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...
- New CSR disclosure framework to help in data analytical work, enhance transparencyCompanies having a net worth of at least Rs 500 crore or a minimum turnover of Rs 1,000 crore or net profit of Rs 5 crore or more during th...
- Ministry of Corporate Affairs introduces detailed CSR disclosure frameworkUnder the Companies Act, 2013, certain class of profitable entities are required to shell out at least 2 per cent of their three-year annua...
- The good, the bad and the ugly of the new Corporate Social Responsibility PolicyWith a Covid pandemic still upon us, is this the right time to adopt a stringent CSR policy? Of course, these amendments were in the works ...
- Parliament passes bill to amend companies law; various offences decriminalisedThe Companies (Amendment) Bill, 2020 was passed by a voice vote in Rajya Sabha, amid several opposition MPs boycotting the proceedings of t...
- When compelled to do good, how has India Inc fared?There has been a 70% jump in the expenditure towards CSR initiatives to Rs 8691 in FY19.
- CSR no more an act of magnanimity; no intention to criminalise any default: Corporate Affairs SecretaryNow under Section 135, non-compliance with CSR spending requirement could attract a fine of at least Rs 50,000 and the quantum could go up ...
- CSR non-compliance: Prosecution sanctioned in 366 casesIn 2014-15, as many as 16,785 companies shelled out Rs 10,065.93 crore towards CSR activities.
- 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.
- CSR compliance among top 100 listed companies improved: KPMG surveyAccording to the Companies Act, every company with a net worth of Rs 500 crore or a turnover of Rs 1,000 crore or a net profit of Rs 5 cror...
- Corp Affairs Min to hold sensitisation workshops on CSR normsThe move comes against the backdrop of instances of discrepancies in data and lapses being noticed by the Ministry with regard to complianc...
- No specific tax exemption for companies' CSR expenses: GovernmentThe new cos law, requires certain class of profitable corporates to shell out at least 2 per cent of their three-year annual average net pr...
- Institute of Company Secretaries of India seeks mandatory audit for CSR activity"We want that the government should introduce CSR audit for a micro-level monitoring of the compliance," ICSI President Atul H Mehta said.
- 47 profit-making CPSEs fail to comply with CSR norms: CAGAs many as 47 profit-making CPSEs failed to comply with the Corporate Social Responsibility (CSR) norms prescribed by the government in 201...
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