No Guidelines Issued Yet on Reporting of CSR Spending: Govt

0
58

NEW DELHI: The government today said it has not issued any guidelines regarding reporting of spending by firms towards social welfare activities and that suitable norms would be in place after the new Companies Bill comes into force.

sachin_pilot_minister“The Ministry has not issued any guidelines for reporting of Corporate Social Responsibility(CSR) spending by companies,” Corporate Affairs Minister Sachin Pilot informed the Rajya Sabha in a written reply.

“However, after the Companies Bill, passed by the Lok Sabha and under consideration of the Rajya Sabha, comes into force, suitable rules/guidelines will be issued to give effect to the provision of CSR contained in Clause-135 of the Bill,” he added.

To a question on spending on affirmative action for those belonging to Scheduled Caste (SC) and Scheduled Tribe (ST), the Minister said that a ” Coordination Committee on Affirmative Action (CCAA) in the private sector” has been set up which is serviced by the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry.

“That department has recently circulated a proforma among Industry Chambers to monitor the quarterly progress of action taken by the chambers,” he added.

(www.indiacsr.in)

 

Comments

comments

SHARE
Previous article‘CBI Probing 2 Cases of Irregularities in SAIL’s CSR Program’
Next articleHCC Bestowed Best Social Investment Strategy award by CSR World Congress
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to editor@indiacsr.in