India Inc May Get Relief on CSR Spending-Report

CSR & Competitiveness



NEW DELHI. Financial Express Reported that Inc is set to get relief on the implementation of the mandatory CSR norm as outlined in the new Companies Bill, 2012, which is set to be taken up by Rajya Sabha on Monday for consideration and passing.

The draft rules, currently under works for Clause 135 dealing with CSR, will allow companies to fund other trusts, societies, NGOs and pool resources with other companies to undertake the CSR activities, subject to riders.

All such funding of trusts and NGOs will need the mandatory approval of the CSR Board to be constituted by every company that is qualified for CSR activities.

(Financial Express)



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