• India CSR Awards 2025
  • Guest Posts
Wednesday, July 16, 2025
  • Login
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
Home More

100 companies served notice by government on CSR spending issue

India CSR by India CSR
July 17, 2016
in More
Reading Time: 2 mins read
Share Share Share Share

NEW DELHI: It has reported that about 100 companies have been served notice by the Registrar of Companies (RoC) on the issue of improper disclosure of their corporate social responsibility (CSR) spending, as per a report in Economic Times.

The government has asked these firms to provide proper details. The punishment includes prosecution as well.

It is mandatory to file proper disclosure of CSR spend by companies as mandated by the Companies Act, 2013.

Regional registrars of companies (RoCs) have shot off notices to companies asking them to furnish further details of spending in some cases or face action that could include prosecution as well, a government official said.

Disclosure of CSR spend by companies has been made mandatory by the Companies Act, 2013.

In some instances companies have been asked to furnish reasons for shortfall in actual CSR expenditure.

In others, including where the board of directors has not mentioned the reasons for not spending the specified amount, show cause notices have been issued.

The RoC has also questioned some companies leaving out dividend income earned during three preceding years while calculating net profit for corporate social responsibility spending.

These letters have been issued under Section 206(1) and show cause under Section 450 of the Companies Act.

“…therefore the company and its directors are hereby called upon to show cause within 15 days of this notice that why prosecution should not be launched against them under section 450 of the Act…,” according to a copy of the notice seen by New Paper.

“Discrepancies have been noted in the data provided by the companies some companies that meet the criteria have not even filed the CSR data,” the official added.

However, experts also emphasise the need for robust compliance systems.

“Companies need to ensure their compliance systems are robust. This move is a precursor to the government moving towards impact assessment,” said Pavan Kumar Vijay, managing director, Corporate Professionals, a legal and financial services firm.

The CSR norms require companies with at least Rs 5 crore net profit or Rs 1,000 crore turnover or Rs 500 crore in net worth to spend at least 2 per cent of their 3-year average annual net profit on CSR activities in each financial year.

Companies have to constitute a CSR committee of their respective board of directors that formulates and recommends to the board activities that can be taken either by the company on its own or through engagement of an NGO.

Under Section 134 (8) of the Companies Act 2013, a company has to submit its financial statement, board report along with all annexures.

If a company contravenes the provisions of this section, it is liable to be punished with a fine which is not be less than Rs 25,000 but could extend to Rs 25 lakh.

Besides, every officer of the company who is at fault will be punishable with imprisonment for a term which may extend to three years, the Act says.

For the financial year, 2014-15 as many as 460 listed firms disclosed spending Rs 6,337 crore towards CSR activities.

A majority of these companies could not fulfil the minimum 2 per cent criteria. For the financial year 2015-16, a clear picture on the CSR spending would only be available next month.

Recently, a government appointed committee recommended a couple of changes in section 135 of Companies Act that deals with CSR.

The committee has recommended that the net-worth, turnover, profit criteria for determining applicability of CSR provisions be reckoned per the preceding financial year instead of the last three years.

 

IndiaCSR Whatsapp Channel
Tags: CSR and ROCCSR in IndiaCSR spending

India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

📩 Contact us at: biz@indiacsr.in

Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.

India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

India’s Veteran journalist Vinod Dua passes away
More

India’s Veteran journalist Vinod Dua passes away

4 years ago
India CSR
More

Republic or Democratic?

4 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

How can we conserve water amidst the Coronavirus crisis?

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Toyota Kirloskar Motor temporarily halts production at its Plant in Bidadi, Karnataka

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Govt. seeks public comments on Corporate Social Responsibility Policy (CSR) Amendment Rules, 2020

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Govt to amend CSR rules under companies law, invites public comments

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

MCA sanctions Prosecution in 366 cases given in violation of CSR Provisions

5 years ago
More

Schindler India launches an additional employee assistance program

5 years ago
More

NMDC Committed to fight COVID 19 for a safe and healthy India

5 years ago
Load More

Leave a Reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

India CSR Awards India CSR Awards India CSR Awards
ADVERTISEMENT

LATEST NEWS

Brands Don’t Fail in the Market – They Fail Inside First, says communication veteran Pavan Kaushik

CSR: Hinduja Foundation Empowers 8 Lakh Youth Across 15 States on World Youth Skills Day

कार्टूनिस्ट को हथकड़ी: अभिव्यक्ति की स्वतंत्रता पर पहरा ?

CSR: Infosys Springboard Aims to Generate 500,000 Jobs in India by 2030

Why You Shouldn’t Share Images of the Deceased

CSR: Mithibai Kshitij’25 Swachh Bharat Drive with Santacruz Police Station

HZL HZL HZL
ADVERTISEMENT

TOP NEWS

Astrum Unveils Social Impact Index and SIF Framework to Redefine CSR Strategy

DGGI Bengaluru Busts Rs 266 Cr GST Fraud via Shell Companies; Kingpin Arrested

CSR: हिन्दुस्तान जिंक द्वारा 4 लाख से अधिक घरों को बिजली देने के बराबर जीएजी उत्सर्जन की बचत

Bihar Unveils CSR Policy 2025 to Boost Development with Corporate Funds

उप-राज्यपाल मनोज सिन्हा ने पहलगाम आतंकी हमले में सुरक्षा चूक की नैतिक जिम्मेदारी स्वीकार की

RECPDCL Inks Smart Meter Deal for 33.26 Lakh Prepaid Units in Gujarat

Load More

Advertisement

Image Slider
content writing services Guest Post Top 5 Reasons to have Sponsored Posts at India CSR – India’s Largest CSR Media stem learning R2V2 Technologies Private Limited

Interviews

Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak Mahindra Bank
Interviews

Driving Sustainable Impact: An Interview with Himanshu Nivsarkar, Kotak Mahindra Bank

by India CSR
May 22, 2025

By Rusen Kumar NEW DELHI (India CSR): Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak...

Read moreDetails
Balamurugan Thevar, CSR Head at Shriram Finance

Empowering Women Drivers: An Interview with Balamurugan Thevar, CSR Head at Shriram Finance

May 20, 2025
N E Sridhar, the Chief Sustainability Officer at Titan Company Ltd.

Empowering Rural Craft Entrepreneurs: An Interview with N E Sridhar, Titan Company

May 15, 2025
Geetaj Channana, the Head of Corporate Strategy at Vivo India

Empowering Young Innovators Across India: An Interview with Geetaj Channana, the Head of Corporate Strategy at Vivo India

April 25, 2025
Load More
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. They need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

donate at indiacsr

  • About India CSR
  • Team
  • India CSR Awards 2025
  • Partnership
  • Guest Posts
  • Services
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2025 - India CSR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2025 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.