Corporate Social Responsibility | Corporate Law Reporter

Notifications issued by the MCA on Corporate Social Responsibility- Grey areas galore

The Ministry of Corporate Affairs (MCA) with a view to roll out the requirements of Corporate Social Responsibility (CSR) from the beginning of the new financial year 2014-15 as proposed by the Hon™ble Minister of Corporate Affairs have come out with three notifications on February 27,2014 which are as under: 1) Vide the first notification… Read More

Tags: corporate social responsibility, CSR

Notification relating to effective date of provisions of section 135 and Schedule VII of Companies Act, 2013

1st April, 2014 has been appointed as the effective date of the provisions of Section 135 related to Corporate Social Responsibility Read More

Tags: corporate social responsibility, CSR

Assocham 6th National Conference on Companies Act 2013 at Ahmedabad

ASSOCHAM National Conferences on Companies Act 2013 - New Rules for the Game ----------------------------------------------------------------------------------- Overview The recently enacted Companies Act, 2013 is a historic piece of legislation aimed at improving transparency and accountability in India™s corporate sector. A part of the Act has already become effective with the notification of 98 sections and the draft Rules… Read More

Tags: Ahmedabad, ASSOCHAM, Companies Act, Corporate Affairs Ministry, Corporate Governance, corporate social responsibility, India, Spice Group

Spending Under Corporate Social Responsibility

Section 135 of the Companies Act, 2013 dealing with Corporate Social Responsibility (CSR) requires companies under its purview to spend at least two percent of its average net profit made in the three immediately preceding financial years to be spent on its CSR policy. Giving this information in written reply to a question in the… Read More

Tags: Business, Companies Act, Companies Act 2013, corporate social responsibility, CSR, Lok Sabha, Sachin Pilot, Socially Responsible

Ministry of Corporate Affairs releases third tranche of Draft Rules under Companies Act 2013

The Government in its implementation of the new Companies Act 2013 has moved ahead and issued the 3rd Tranche of Draft Rules under Companies Act 2013 which covers the proposal to set up a National Financial Reporting Authority (NFRA). The Draft Rules for following 3 chapters under the Companies Act 2013 has been made live for… Read More

Tags: Companies Act, Companies Act 2013, Corporate Affairs Ministry, corporate social responsibility, French Section of the Workers' International, National Football League Draft, NFRA, Tranche

2nd National Conference on Companies Act 2013 – New Rules of the Game :: Mumbai 18th October

The New Companies Act, 2013 is a historic change in old law, which was a riddle wrapped up in enigma. The new law is futuristic, sustainable and give flexibility to corporate environment. Lot of fresh changes have been made keeping in mind globalization, large scale corporatization of small and medium organizations. New ideas have been… Read More

Tags: ASSOCHAM, Companies Act, Corporate Affairs Ministry, Corporate law, corporate social responsibility, India, Mumbai, Sachin Pilot

ICSI launches Primer on Companies Act 2013 on YouTube

On the occasion of ICSI Foundation Day (04.10.2013) , CS S. N. Ananthasubramanian, President, Council of the ICSI launches: "ICSI Primer on Companies Act 2013" on "YOUTUBE" Channel (http://www.youtube.com/user/icsicompaniesact2013) CS S.N Ananthasubramanian, President, Council of the ICSI, while launching the ICSI Primer on Companies Act 2013, said that , The Institute is undertaking a large number… Read More

Tags: Companies Act, CompanySecretary, Corporate Governance, corporate social responsibility, Dormant company, ICSI, India, YouTube

CSR Index to be developed – First of its kind in India

Indian Institution of Corporate Affairs (IICA) and BSE Ltd. today signed an MoU in Mumbai to work collaboratively to develop a Corporate Social Responsibility (CSR) index, take up capacity building on CSR, conduct education and awareness programmes, and other activities to facilitate a more effective corporate participation in CSR areas. Shri Sachin Pilot, Minister of… Read More

Tags: BSE, Companies Act, Corporate Affairs Ministry, corporate social responsibility, CSR, IICA, India, Mumbai

Seminar Flash :: National Conference on Companies Act 2013 – New Rules of the Game :: Delhi 19th Sep

The Companies Bill, passed by both the Houses of Parliament and signed by President of India, is a historic piece of legislation aimed at improving transparency and accountability in India's corporate sector. On its enactment, post the presidential consent; the law will replace the Companies Act, 1956. The Act, when enacted, will allow the country to have… Read More

Tags: Amarjit Chopra, ASSOCHAM, Companies Act, Companies Act 1956, Corporate Affairs Ministry, Corporate law, corporate social responsibility, India

Guidelines on CSR and Sustainability for the Central Public Sector Enterprises

The Government has said that the Corporate Social Responsibility (CSR) & Sustainability Guidelines for the Central Public Sector Enterprises (CPSEs) may have to be modified to align with the provisions of the Companies Bill, recently passed by the Parliament, once enacted and notified. Giving this information in written reply to a question in the Rajya… Read More

Tags: corporate social responsibility, CSR, Government, Memorandum of understanding, Praful Patel, Public sector, Rajya Sabha, Sustainability

Spending on Corporate Social Responsibility by Companies

There is no provision for Corporate Social Responsibility (CSR) spending by companies in the present company law i.e. Companies Act, 1956. However, the new Companies Bill, 2012 has a provision of CSR under Clause 135 which states that every company having net worth of Rs. 500 crore or more, or turnover of Rs. 1000 crore… Read More

Tags: Bill, corporate social responsibility, CSR, Lok Sabha, Ministry of Corporate Affairs, Net profit, Sachin Pilot, The Companies Act 1956

Clarification about Applicability of the Companies Bill, 2013 for Company Secretaries December, 2013 Examination

Students appearing in the ˜Company Law™ paper of ˜Executive Programme™) and Company Secretarial Practice paper of the ˜Professional Programme™ respectively may take note of the following changes applicable for December 2013 Examination: 1. Highlights of the Companies Bill, 2012 as passed by the Parliament on 8th August, 2013 will be applicable under the topics Historical Development… Read More

Tags: Bill, Company, CompanySecretary, Corporate Affairs Ministry, Corporate law, corporate social responsibility, Historical Development of Concept of Corporate Law, India

Defence Funds under Corporate Social Responsibility

The amount spent by the Defence Public Sector Undertakings (DPSUs) under Corporate Social Responsibility (CSR) activities during the last three years, i.e. during 2010-11, 2011-12 and 2012-13, is given in Annexure Name of the DPSU Amount spent on CSR activities (Rs. in lakhs) 2010-11 2011-12 2012-13 (provisional) Hindustan Aeronautics Ltd 179.19 580.65 888.12 Bharat Electronics… Read More

Tags: Business, Conferences, corporate social responsibility, CSR, Goa, India, Investing, Socially Responsible