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TMI BlogIncorporation of the Corporate Social Responsibility Provision in the New Companies BillX X X X Extracts X X X X X X X X Extracts X X X X ..... Incorporation of the Corporate Social Responsibility Provision in the New Companies Bill - News and Press Release Dated:- 11-12-2012 - News - Press Information Bureau Government of India M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inistry of Corporate Affairs 10-December, 2012 19:28 IST Clause 135 of the Companies Bill, 2011 inter alia, provides for the specified companies to spend at least 2% of the average net profits ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (of last 3 years) in pursuance of the company s Corporate Social Responsibilities (CSR) policy and in case of failure, to specify the reasons for not spending such amount in the Board s Report. Givin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that in case the disclosure about such reasons in the Board s report ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is not made, the specified class of companies shall be liable for action under the provisions of the Companies Bill, 2011 which require disclosures to be made in the Board s report. CSR policy is to b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e undertaken by the companies as specified in schedule VII of the Companies Bill, 2011. ------------------------ KKP - News - Press release - PIB Tax Management India - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... india - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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