Dear Leaders,
Greeting of the Day!
You would be glad to know that CSR Act is completing five years on 1st April, 2019. The Act is conceived to convey accountability of the business functioning and it has become synonymous with ‘Giving Back to the Communities ’.
It is a great and proud achievement for all of us who are deeply involved in the domain of Corporate Social Responsibility (CSR) and social development, it is the time to celebrate the moment. On the historical occasion, a mega celebration is planned at New Delhi on 1st April by India CSR Network.
While we celebrate Leadership Summit at New Delhi, request you to commemorate the CSR DAY as a voluntary initiative, aimed at creating significance awareness among key stakeholders helping in building of healthy CSR ecosystem. It is a day to look back of CSR journey and plan for next phase of CSR.
On the occasion of the CSR DAY, you may choose to recall good work that has been done with your stakeholders with the suggested activities:
- Organize CSR Run
- Organize CSR Conclave/Group Discussions
- Honour the CSR Team Members
- Organize Charity Event
- Celebrate Spirit of CSR with Key Stakeholders
- Announce New CSR Programme
- Release a Special CSR story to Media
- Release a CSR Report
- Organize exhibition on CSR journey
- Organize employee volunteering programme
- Let’s contribute in making more inclusive society.
Let’s celebrate the spirit of Giving Back to the community.
I wish you a very prosperous year ahead!
Your sincerely,
Rusen Kumar
Founder of India CSR Network;
Chairman of Giving Back India CSR Leadership Summit
The Context
It is worth mentioning that India’s Companies Act, 2013 (Companies Act) has introduced several new provisions which change the face of Indian business. One of such new and landmark provisions is Corporate Social Responsibility (CSR). The concept of CSR rests on the ideology of give and take. Companies take resources in the form of raw materials, human resources etc. from the society and environment. By performing the task of CSR programmes, the companies are giving something back to the society. Ministry of Corporate Affairs, Govt. of India has notified Section 135 and Schedule VII of the Companies Act as well as the provisions of the Companies (Corporate Social Responsibility Policy) Rules, 2014 (CRS Rules) which has come into effect from 1 April 2014. The companies on whom the provisions of the CSR shall be applicable are contained in Sub Section 1 of Section 135 of the Companies Act, 2013. As per the said section, the companies having Networth of Rs 500 crore or more; or Turnover of Rs. 1000 crore or more; or Net Profit of Rs. 5 crore or more during any financial year shall be required to constitute a Corporate Social Responsibility Committee of the Board “hereinafter CSR Committee” with effect from 1st April, 2014.
Disclaimer: CSR DAY is a voluntary initiative of India CSR Network, aimed at creating significance awareness among key stakeholders helping in building of healthy CSR ecosystem. Logo of CSR DAY has been created by India CSR Network.
