Corporate Social Responsibility | Corporate Law Reporter

Corporate India overwhelmed – Upper House clears the bill

Corporate law in India has finally taken a sigh of relief as the much awaited Company bill has been passed (press release available here) in the Rajya Sabha on Thursday, the 8th of August, 2013. The new company bill will come into effect immediately after the assent from the President. The press release by the… Read More

Tags: Class action, Corporate law, corporate social responsibility, Corporation, India, Law, List of companies of India, Rajya Sabha

ICSI Press Release on passing of Companies Bill 2012

CS S. N. Ananthasubramanian, President, Council of the ICSI welcomes the brand new, modern, growth oriented and futuristic Company Law passed by Rajya Sabha today (08.08.2013). On getting the assent of the Honorable President of India and notification in the gazette, it will replace the existing statute for governance of companies in the country, i.e., the Companies Act, 1956.… Read More

Tags: Chief governance officer, CompanySecretary, Corporate law, corporate social responsibility, ICSI, India, Rajya Sabha, The Companies Act 1956

The ICSI lauds Passage of Companies Bill 2012

The Institute of Company Secretaries of India Hails the Passage of Companies Bill 2012 by Parliament ; Says the New Law will Further Accelerate the Transformation of Company Secretaries into Corporate Governance Professionals The Institute of Company Secretaries of India (ICSI) has welcomed the new Company Law i.e. Companies Bill, 2012 as passed by the Parliament… Read More

Tags: Companies law, Company Secretaries, Company Secretary, Corporate Governance, Corporate law, corporate social responsibility, India, Institute of Company Secretaries of India

Parliament Passes the Historic Companies Bill 2012

The Parliament has passed the historic Companies Bill 2012, moved by Shri Sachin Pilot, Minister of Corporate Affairs. The Bill was passed by the Rajya Sabha here today which had already been passed by the Lok Sabha many months ago (in December 2012). Shri Pilot has termed it as a historic day for the country as… Read More

Tags: Audit Committee, Bill, Corporate Governance, corporate social responsibility, India, Lok Sabha, Rajya Sabha, Sachin Pilot

Corporate Social Responsibility by Steel manufacturing undertakings

The Minister of Steel, Shri Beni Prasad Verma has said that under the Corporate Social Responsibility (CSR) scheme, the public sector steel manufacturing undertakings, namely, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are allocating funds for the CSR activities, as per the guidelines prescribed by the Department of Public Enterprises… Read More

Tags: Andhra Pradesh, corporate social responsibility, CSR, Department of Public Enterprises, Minister of Steel, Ministry of Steel, Rashtriya Ispat Nigam, West Bengal

IGL Suraksha Yojana – Group Accident Insurance Scheme for CNG run public transport vehicles

Union Petroleum Minister and Delhi Chief Minister launch IGL Suraksha Yojana ; Free group accident scheme for about 2.5 lakh CNG Vehicle drivers of public transport starts in Delhi City Gas Network to be expanded 330 cities soon Dr. M. Veerappa Moily, Union Minister for Petroleum & Natural Gas, and Smt. Sheila Dikshit, Chief Minister of… Read More

Tags: CNG, Compressed natural gas, corporate social responsibility, Delhi, Delhi Chief Minister, Delhi government, IGL, Sheila Dikshit

Coporates to Partner with Government for Training and Skill Development for Minorities

A Joint Committee to be set up with CII, FICCI and PHDCCI to Promote Entrepreneurial Development Programme-Shri K Rahman Khan Shri K. Rahman Khan, the Union Minister of Minority Affairs has suggested to set up a Committee of the three Business Chambers and Ministry of Labour and Employment to give impetus to the efforts to… Read More

Tags: Cabinet of India, corporate social responsibility, Department of Public Enterprises, FICCI, Government, Ministry of Labour & Employment, Ministry of Minority Affairs, Private sector

MCA Voluntary Guidelines to promote good Corporate Governance

Voluntary Guidelines for Companies for providing general information on their websites about the company to promote good corporate governance and to enhance investors™ awareness ***** 1. The Ministry of Corporate Affairs (MCA) has been continuously taking various steps towards promoting good corporate governance, investor education and protection & advocacy for adoption of Corporate Social Responsibility… Read More

Tags: Audit Committee, Board of directors, Corporate Affairs Ministry, Corporate Governance, corporate social responsibility, CSR, Kolkata, Shareholder

Corporate Social Responsibility and the Existing Companies Law

There is no provision for Corporate Social Responsibility (CSR) spending by companies in the existing Companies law i.e. Companies Act, 1956. However, the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said… Read More

Tags: Business, corporate social responsibility, CSR, Net profit, Rajya Sabha, Rupee, Sachin Pilot, Shri Sachin Pilot

ICAI seeks volunteers for GAAP audits under CSR initiatives of MCA

Strategic Priorities of the ICAI (Institute of Chartered Accountants of India) Based on the Corporate Social Responsibility initiative of the Ministry of Corporate Affairs, the Institute of Chartered Accountants of India (ICAI), has decided that through its dedicated network at the Regional and Branch level centers, it will seek volunteers from amongst its eligible members… Read More

Tags: chartered accountant, corporate social responsibility, Government, ICAI, India, Institute of Chartered Accountants of India, Ministry of Corporate Affairs

MSME sector contribution to Exports increases

MSME Contribution The MSME sector contributes around 9% of GDP and accounts for around 45% of the manufacturing output and around 36% of total value of exports says MSME Minister Shri K.H. Muniyappa, Minister of State (Independent Charge) for MSME on the eve of the main event of National Award Presentation while addressing the Media… Read More

Tags: corporate social responsibility, Finance Minister, GDP, Government, Gross domestic product, India, MSME, Small Industries Development Bank of India

India-Netherlands sign agreement on Corporate Governance and Corporate Social Responsibility

The Union Ministry of Corporate Affairs has inked an agreement with the Ministry of Economic Affairs, Agriculture and Innovation of Netherlands on Corporate Governance and Corporate Social Responsibility. The letters of Intent to this effect were signed at a function here by Shri D.K.Mittal, Secretary, Ministry of Corporate Affairs, Government of India and HE Bob… Read More

Tags: Corporate Governance, corporate social responsibility