BENGALURU – Deshpande Foundation is organising CSR Conclave 2019 at Hotel Royal Orchid Regenta in Bengaluru on Jul 23.
The foundation was established in 1996 to encourage entrepreneurship and innovation. It has a presence in India, US and Canada.
The conclave is being organised to help the people at the bottom of the pyramid to transform their lives, Chief Executive Officer (CEO) Vivek Pawar told India CSR.
The conclave will talk about CSR’s best practices and also create solutions to promote it, Pawar said. The conclave will stress on initiatives to foster a partnership between corporate, government and civil society to devise sustainable solutions, he added.
The event will address issues related to gender disparities, education income and geography.
The Companies Act 2013 prescribes 17 areas of CSR activity in Schedule VII of the act. Section 135 of the Act lays down rules for CSR activity in India.The companies are required to spend at least 2% of the amount of the net profit for the last 3 financial years.
The policy which became effective from 1 April 2014, mandates those companies for CSR activity which have net worth of 5 billion rupees or more; or turnover of 10 billion rupees or more; or net profit of 50 million rupees or more during any financial year.