As per Section 135 of the Indian Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit computed as mandated by the Act for the immediately preceding three financial years on CSR activities. The Act prescribes that every company having a net worth of Rs. 500 crore or more, or turnover of Rs. 1,000 crore or more, or a net profit of Rs. 5 crore or more during any financial year shall ensure that it spends, in every financial year, at least 2% of the average net profits computed as mandated by the Act, in pursuance of its CSR Policy. The Corporate Social Responsibility (CSR) Committee of the Board identifies, executes and monitors CSR projects and assists the Board to fulfill its corporate social responsibility objectives and achieve the desired results. The Committee also ensures legal and regulatory compliance from a CSR perspective and reporting as well as communication to all the stakeholders on the CSR initiatives.
Tata Steel spent Rs. 193 cr under Corporate Social Responsibility (CSR) during Financial Year 2019-20, exceeding the prescribed amount, Company's ...
HDFC Bank Limited, one of the largest private sector bank, has spent Rs 535.31 crore on various Corporate Social Responsibility ...
Rusen Kumar, Founder and Managing Editor of India CSR Network, world's leading Corporate Sustainability and Responsibility (CSR) media company with ...
Infosys Limited, a global leader in next-generation digital services and consulting conglomerate, has spent Rs 360 crore on various Corporate ...
Hindustan Unilever Limited spent Rs. 143 crore towards Corporate Social Responsibility (CSR) during the financial year 2019-20. 2% of Average ...
Funds to support the building of COVID-19 sample collection kiosks and an increased supply of PPE kits for local hospitals. ...
The Companies Act 2013 of the Government of India has made it mandatory for the profit-making companies to mark out ...
The CSR Committee of the Institute of Chartered Accountants of India (ICAI) has released the Technical Guide on Accounting for ...
Karanjvihire Primary Healthcare Centre (PHC) serves around 12 villages, including ŠAVW plant area in Pune ŠKODA AUTO Volkswagen India handed its Mobile ...
NGOs of rural background are soft target of Fraud CSR advisors Corporate Social Responsibility (CSR) fraud is the biggest threat to the social ...
