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TMI BlogSpending on Corporate Social Responsibility by CompaniesX X X X Extracts X X X X X X X X Extracts X X X X ..... Spending on Corporate Social Responsibility by Companies - News and Press Release Dated:- 19-8-2013 - News - There is no provision for Corporate Social Responsibility (CSR) spending by companies in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore, or turnover of Rs. 1000 crore or more or net profit of rupees five crore or more during any financial year, shall constitute a CSR Committee to recommend its activities for discharging CSR in suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h a manner that the company would spend at least 2 per cent of its average net profits of the previous three years on CSR activities. Giving this information in written reply to a question in the Lok ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that the companies will have latitude in designing project based CSR interventions. Reporting requirements etc. will be discussed with all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stakeholders and defined once the Bill is enacted, the Minister said. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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