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GOVERNMENT CSR NORMS
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...- Stronger push for accountability: Evaluation tightened, faltering CPSEs to face strict penaltiesNew performance rules for central public sector enterprises have come into effect. Strict penalties will be applied for not meeting corpora...
- 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 ...
- Jail term for CSR violation makes firms anxiousMany firms fear that provisions may turn ‘harassment tool’ but others see move as CSR enabler.
- 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.
- 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...
- CSR: 4,195 companies spend nothing; show cause notices to 496 firmsThe reasons for not spending included cos not finding suitable implementing agency, delay in formation of CSR committee and inability to fo...
- 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...
- CSR data: Government tweaking annual filing form for companiesThe Corporate Affairs Ministry, which is implementing the Companies Act, is in the process of making amendments to AOC-4 XBRL form -- which...
- CSR fund should not be financing source for government schemes: MCACompanies' CSR funds should not be used as a source of funding government schemes, the Ministry of Corporate Affairs (MCA) has said, adding...
- ICAI issues norms for CSR accounting by companiesCompanies meeting certain financial criteria such as a net worth, turnover or net profit of at least Rs 500 crore, Rs 1,000 crore and Rs 5 ...
- Government makes changes to CSR spending norms under the new companies lawThe government has made changes to the norms governing expenses on Corporate Social Responsibility (CSR) activities under the new companies...
- 41 central public sector enterprises failed to comply with CSR norms in 2012-13: CAGA review of the CSR budget/expenditure by the CPSEs during 2012-13 was conducted in respect of 103 central public sector enterprises (CPSEs...
- CSR spend may grow over 4 times to $2.5 billion: StudyThese funds were spent by the companies on various social initiatives of the government and NGOs.
- CSR expenditure details to be available towards 2015 endArun Jaitley on Friday informed Parliament the responsibility of monitoring the implementation of CSR policy lies with the board of concern...
- One woman director must for certain public comapnies: GovernmentThe Companies Act, 2013 has incorporated various provisions aimed at strengthening corporate governance in India, Jaitley said.
- Multinational corporations seek clarity on CSR legal normsInconsistency between Companies Act and the CSR rules has made multinationals mull whether they are legally bound to follow norms on mandat...
- Companies have to comply with CSR norms: GovernmentNirmala Sitharaman said the Companies Act, 2013 came into operation this year only and the government was watching the spendings under CSR.
- EWS housing, rural development to qualify for CSR norms: GovtBesides, slum re-development projects will also be covered under "measures for reducing inequalities faced by socially and economically bac...
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