Tag: CSR compliance
What is not CSR as per Indian law?
Corporate Social Responsibility (CSR) was declared mandatory by the Government of India on 1st April, 2014. As per the Companies Act of 2013, Section...
CSR Spending Grew by 53% from 2014 to 2022: Economic Survey 2024
The commitment of Indian conglomerates to Corporate Social Responsibility (CSR) has seen a 53 per cent increase between financial years 2017-18 and 2021-22, according...
Private Limited Company Faces Rs.61.31 Lakhs Penalty for CSR Fund Lapse
In a recent twist of events, a Private Limited Company finds itself in hot water as the Regional Director of the Ministry of Corporate...
56% Companies spent More than Prescribed Amount on CSR in FY22
Corporate Social Responsibility (CSR) has emerged as a powerful tool for fostering social development and driving positive change in India. The financial year 2021-22...
CSR news: Company fined Rs 1 crore by RoC Mumbai for not utilising Corporate Social Responsibility funds
The Registrar of Companies (RoC), Mumbai region has reportedly imposed a whopping amount of Rs 1 crore as penalty on RHI Magnesita India Ltd,...
danaVidya: A Free Resource to Support India’s Social Sector
Four specialised organisations have joined hands to launch danaVidya, a free vetted resource to help answer compliance and legal questions for NGOs and Corporate...
What you need to know about the MCA’s mandatory Form CSR-2
The government had mandated that Corporate India publish a comprehensive report on their specific CSR initiatives. With the new 11-page form notified by the...
CSR Committee – All you need to know
The CSR Committee is to corporate social responsibility what a ministry is to government. It bestows transparency, structure and direction to welfare initiatives. In...
CSR: Preventing Fraud in Corporate Social Responsibility
The Ministry of Corporate Affairs has made an internal CSR committee mandatory for every company spending on corporate social responsibility (CSR) in India. Such...
Shortcomings in the CSR rules
A 90-minute drive from Delhi lies Birondi Chakrasenpur village in Dadri block of Uttar Pradesh's Gautam Buddha Nagar district. The government-run secondary school in...
CSR audits to usher in transparency
Monitoring of Corporate Social Responsibility (CSR) funds will bring more accountability and transparency to the mandatory expenditure undertaken by India Inc. The projects implemented...
Funding tech incubators can qualify as CSR spend
India Inc looking to lend a helping hand to the startup ecosystem will soon be able to use its corporate social responsibility corpus for the same. The government panel...
