Utilisation of CSR Funds for Welfare of SCS/STS

The provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 and Rules made there under have come into force only recently, i.e., 01.04.2014. Details about the funds utilized by the companies under CSR would be available to Ministry of Corporate Affairs only after the mandatory disclosures of CSR expenditure are made by companies, which would be due within six months after completion of financial year 2014-15, i.e. after September 2015.

This was stated by Smt. Nirmala Sitharaman, MoS in the Ministry of Corporate Affairs in written reply to a question in the Rajya Sabha today.